§1261.405. Subdivision of claims not authorized; other administrative proceedings.
14 C.F.R. § 1261.405
Subdivision of claims. Claims may not be subdivided to avoid the $100,000 ceiling, exclusive of interest, penalties, and administrative costs, for purposes of compromise (§ 1261.414) or suspension or termination of collection (§ 1261.416). The debtor's liability arising from a particular transaction or contract shall be considered a single claim (31 CFR 900.6).
Required administrative proceedings. Nothing contained in these regulations is intended to require NASA to omit, foreclose, or duplicate administrative proceedings required by contract or other applicable laws and implementing regulations (4 CFR 101.7).
Notes, amendments, and revision history
Amendments
[45 FR 48104, July 18, 1980, as amended at 82 FR 29384, June 29, 2017]
Source
Source: 52 FR 19487, May 26, 1987, unless otherwise noted.
Authority
Authority: Subparts 1261.4, 1261.5, and 1261.6 issued under 51 U.S.C. 20113; 31 U.S.C. 3711 et seq.; 5 U.S.C. 5514; 31 CFR parts 900 through 904; 5 CFR part 550, subpart K, §§ 550.1101 through 550.1107.
Source
Source: 45 FR 48104, July 18, 1980, unless otherwise noted.
Amendments
[45 FR 48104, July 18, 1980, as amended at 82 FR 29384, June 29, 2017]