41 U.S.C. § 4707 Remission of Liquidated Damages

• Library: United States Statutes
• Edition: 2023 Edition
• Currency: Current through P.L. 118-19 (published on www.congress.gov on 10/06/2023)

When a contract made on behalf of the Federal Government by the head of a Federal agency, or by an authorized officer of the agency, includes a provision for liquidated damages for delay, the Secretary of the Treasury on recommendation of the head of the agency may remit any part of the damages as the Secretary of the Treasury believes is just and equitable.

Cite as 41 U.S.C. § 4707

Source: Pub. L. 111-350, §3, Jan. 4, 2011, 124 Stat. 3799.

current through 5/22/2023

<TABLE> <TR><TD colspan="3">HISTORICAL AND REVISION NOTES</TD> </TR> <TR> <TD>Revised <para>Section</para> </TD> <TD>Source (U.S. Code)</TD> <TD>Source (Statutes at Large)</TD> </TR> <TR> <TD>4707</TD> <TD>41:256a.</TD> <TD>Sept. 5, 1950, ch. 849, §10(a), 64 Stat. 591; <actcitation href="" statecd="US" sessionyear="1996" actaltid="104-316">Pub. L. <actid>104-316</actid></actcitation>, <actseccitation href="" statecd="US" sessionyear="1996" actaltid="104-316">title II, §<actsec>202</actsec>(u), Oct. 19, <sessi...