Adjustment of threshold amount of covered contract

Checkout our iOS App for a better way to browser and research.

§4302. Adjustment of threshold amount of covered contract

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.

( Pub. L. 111–350, §3, Jan. 4, 2011, 124 Stat. 3784 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
4302 41:256(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 .


Download our app to see the most-to-date content.