48 CFR § 1232.770-3 - 1232.770-3 General.

---
identifier: "/us/cfr/t48/s1232.770-3"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 1232.770-3 - 1232.770-3   General."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "1232.770-3"
section_name: "1232.770-3   General."
chapter_number: 12
chapter_name: "DEPARTMENT OF TRANSPORTATION"
subchapter_number: "E"
subchapter_name: "GENERAL CONTRACTING REQUIREMENTS"
part_number: "1232"
part_name: "CONTRACT FINANCING"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 41 U.S.C. 1121(c)(3); 41 U.S.C. 1702; and 48 CFR 1.301 through 1.304."
regulatory_source: "87 FR 61159, Oct. 7, 2022, unless otherwise noted."
cfr_part: "1232"
---


# 1232.770-3 1232.770-3   General.

The Anti-Deficiency Act, 31 U.S.C. 1341, and FAR 32.702, state that no officer or employee of the Government may create or authorize an obligation in excess of the funds available, or in advance of appropriations unless otherwise authorized by law. A CR provides funding for continuing projects or activities that were conducted in the prior fiscal year for which appropriations, funds, or other authority was previously made available. Each CR is governed by the specific terms in that specific CR (*e.g.,* duration of the CR) and under certain CRs, the funding amounts available for award of some contract actions are inadequate to fund the entire amounts needed.