A voluntary refund is a payment or credit (adjustment under one or more contracts or subcontracts) to the Government from a contractor or subcontractor that is not required by any contractual or other legal obligation. Follow the procedures at PGI 242.7100 for voluntary refunds. [70 FR 67920, Nov. 9, 2005]
Subpart 242.72_Contractor Material Management and Accounting System
Source: 65 FR 77833, Dec. 13, 2000, unless otherwise noted.