Title 41 — Public ContractsRelease 119-73
§4302 Adjustment of threshold amount of covered contract
Title 41 › Subtitle Subtitle I— - Federal Procurement Policy › Chapter CHAPTER 43— - ALLOWABLE COSTS › § 4302
Summary
On October 1 in years divisible by 5, a set amount becomes its 1994 value. Round to the nearest $50,000; if only divisible by $25,000, round up.
Full Legal Text
Title 41, §4302
Public Contracts — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 430241:256(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.
Reference
Citations & Metadata
Citation
41 U.S.C. § 4302
Title 41 — Public Contracts
Last Updated
Apr 6, 2026
Release point: 119-73