Us Code § 4302 - Adjustment of threshold amount of covered contract
Full text of Us Code United States Code § 4302 — Adjustment of threshold amount of covered contract, with citation guidance and answers to common questions.
§ 4302. Adjustment of threshold amount of covered contract
Effective on October 1 of each year that is divisible by 5, the amount set forth in section 4301(2) of this title shall be adjusted to the equivalent amount in constant fiscal year 1994 dollars. An adjusted amount that is not evenly divisible by $50,000 shall be rounded to the nearest multiple of $50,000. If an amount is evenly divisible by $25,000 but is not evenly divisible by $50,000, the amount shall be rounded to the next higher multiple of $50,000.
(Pub. L. 111–350, §3, Jan. 4, 2011, 124 Stat. 3784.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 4302 | 41:256(l)(2). | June 30, 1949, ch. 288, title III, §306(l)(2), as added Pub. L. 100–700, §8(a)(1), Nov. 19, 1988, 102 Stat. 4634; Pub. L. 103–355, title II, §2151, Oct. 13, 1994, 108 Stat. 3315. |
About This Section
41 U.S.C. § 4302 is part of Title 41 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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