Common use of Servicing Agency Authority Clause in Contracts

Servicing Agency Authority. (Check One) This is the authority that allows the Servicing Agency to provide products and/or services to another Federal agency and to be reimbursed. Franchise Fund Check if the Servicing Agency’s authority for this IAA falls under a Franchise Fund and enter the statutory authority title and citation. Revolving Fund Check if the Servicing Agency’s authority for this IAA falls under a Revolving Fund and enter the statutory authority title and citation. Working Capital Fund Check if the Servicing Agency’s authority for this IAA falls under a Working Capital Fund and enter the statutory authority title and citation. Economy Act (31 U.S.C. 1535/ FAR 17.5) Check if the Servicing Agency’s authority for this IAA falls under the Economy Act. It is important to note that section 1535(d) states, in part, that “[t]he amount obligated is de-obligated to the extent that the agency or unit filling the order has not incurred obligations before the end of the period of availability of the appropriation, in (1) providing goods or services; or (2) making an authorized contract with another person to provide the requested goods or services.” Other Authority Check if the Servicing Agency’s authority is other than a Franchise Fund, Revolving Fund, Working Capital Fund, or the Economy Act and enter the statutory authority title and citation. Statutory Authority Title and Citation for Franchise Fund, Revolving Fund, or Other Authority Enter the statutory authority title and citation for the Servicing Agency’s Franchise Fund, Revolving Fund, Working Capital Fund, or Other Legal Authority.

Servicing Agency Authority. (Check One) This is the authority that allows the Servicing Agency to provide products and/or services to another Federal agency and to be reimbursed. Franchise Fund Check if the Servicing Agency’s authority for this IAA falls under a Franchise Fund and enter the statutory authority title and citation. Revolving Fund Check if the Servicing Agency’s authority for this IAA falls under a Revolving Fund and enter the statutory authority title and citation. Working Capital Fund Check if the Servicing Agency’s authority for this IAA falls under a Working Capital Fund and enter the statutory authority title and citation. Economy Act (31 U.S.C. 1535/ FAR 17.5) Check if the Servicing Agency’s authority for this IAA falls under the Economy Act. It is important to note that section 1535(d) states, in part, that “[t]he amount obligated is de-obligated to the extent that the agency or unit filling the order has not incurred obligations before the end of the period of availability of the appropriation, in (1) providing goods or services; or (2) making an authorized contract with another person to provide the requested goods or services.” Other Authority Check if the Servicing Agency’s authority is other than a Franchise Fund, Revolving Fund, Working Capital Fund, or the Economy Act and enter the statutory authority title and citation. Block No. Field Name Instructions/Description Statutory Authority Title and Citation for Franchise Fund, Revolving Fund, or Other Authority Enter the statutory authority title and citation for the Servicing Agency’s Franchise Fund, Revolving Fund, Working Capital Fund, or Other Legal Authority.