48 CFR § 432.407 - 432.407 Interest.

---
identifier: "/us/cfr/t48/s432.407"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 432.407 - 432.407   Interest."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "432.407"
section_name: "432.407   Interest."
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"
---


# 432.407 432.407   Interest.

(a) The HCA is designated as the individual who may authorize, on a case-by-case basis, advance payments without interest for the contract types described in FAR 32.407(d)(1), through (4). The signed determination and findings supporting these authorizations shall be included in the contract files.

(b) The SPE is designated as the individual who may authorize advance payments without interest other than those described in paragraph (a) of this section.