Clause
52.232-23 Assignment of Claims.
(a) The Contractor, under the Assignment of Claims Act, as amended, 31 U.S.C. 3727, 41 U.S.C. 6305 (hereafter referred to as the Act), may assign its rights to be paid amounts due or to become due as a result of the performance of this contract to a bank, trust company, or other financing institution, including any Federal lending agency. The assignee under such an assignment may thereafter further assign or reassign its right under the original assignment to any type of financing institution described in the preceding sentence.
- Type: Clause (C)
- Prescribed in: 32.806(a)(1)
- Effective: May 2014
- Primary source: eCFR 48 CFR 52.232-23 · acquisition.gov
Text excerpt from the eCFR API; read the full clause at the eCFR link above.