48 CFR § 432.406 - 432.406 Letters of credit.

---
identifier: "/us/cfr/t48/s432.406"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 432.406 - 432.406   Letters of credit."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "432.406"
section_name: "432.406   Letters of credit."
chapter_number: 4
chapter_name: "DEPARTMENT OF AGRICULTURE"
subchapter_number: "E"
subchapter_name: "GENERAL CONTRACTING REQUIREMENTS"
part_number: "432"
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 and 40 U.S.C. 486(c)."
regulatory_source: "89 FR 81015, Oct. 7, 2024, unless otherwise noted."
cfr_part: "432"
---


# 432.406 432.406   Letters of credit.

The HCA is designated as the individual responsible for coordination with the Department of Treasury concerning letters of credit.