2021 US Code
Title 41 - Public Contracts
Subtitle I - Federal Procurement Policy
Division C - Procurement
Chapter 47 - Miscellaneous
Sec. 4707 - Remission of liquidated damages

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Citation 41 U.S.C. § 4707 (2021)
Section Name §4707. Remission of liquidated damages
Section Text

When a contract made on behalf of the Federal Government by the head of a Federal agency, or by an authorized officer of the agency, includes a provision for liquidated damages for delay, the Secretary of the Treasury on recommendation of the head of the agency may remit any part of the damages as the Secretary of the Treasury believes is just and equitable.

Source Credit

(Pub. L. 111–350, §3, Jan. 4, 2011, 124 Stat. 3799.)

Editorial Notes
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large)
4707 41:256a. Sept. 5, 1950, ch. 849, §10(a), 64 Stat. 591; Pub. L. 104–316, title II, §202(u), Oct. 19, 1996, 110 Stat. 3845.
Publication Title United States Code, 2018 Edition, Supplement 3, Title 41 - PUBLIC CONTRACTS
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 41 - PUBLIC CONTRACTS
Subtitle I - Federal Procurement Policy
Division C - Procurement
CHAPTER 47 - MISCELLANEOUS
Sec. 4707 - Remission of liquidated damages
Contains section 4707
Date 2021
Laws In Effect As Of Date January 3, 2022
Positive Law Yes
Disposition standard
Statutes at Large References 64 Stat. 591
110 Stat. 3845
124 Stat. 3799
Public Law References Public Law 104-316, Public Law 111-350
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