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2026-07-06 10:51:44 -04:00

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LegalText 41 U.S.C. § 4503 Security for advance payments us united_states_code code_section 41 PUBLIC CONTRACTS 45 CONTRACT FINANCING 4503 41 U.S.C. § 4503 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc41@119-100.zip /us/usc/t41/s4503 data/legal/raw/us/code/title-41/usc41.xml 2b6565a5e0889696e47a3c3ee4802a588124b3b93995cda744ee92c2e2ee7703 0977ff7e7fefd99bbd25a86e009a9e4c2707301ec8c49233d17b6604e38702e3 c0cb169a5f0b35e55670494a547ea1072d6573fd3bdf2fe33255bb7cc5063bf3 2026-07-04 official
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41 U.S.C. § 4503 - Security for advance payments

Text

Advance payments under section 4501 of this title may be made only on adequate security and a determination by the agency head that to do so would be in the public interest. The security may be in the form of a lien in favor of the Federal Government on the property contracted for, on the balance in an account in which the payments are deposited, and on such of the property acquired for performance of the contract as the parties may agree. This lien shall be paramount to all other liens and is effective immediately upon the first advancement of funds without filing, notice, or any other action by the Federal Government.

(Pub. L. 111350, § 3, Jan. 4, 2011, 124 Stat. 3791.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 450341:255(d).June 30, 1949, ch. 288, title III, § 305(d), 63 Stat. 396; July 12, 1952, ch. 703, § 1(m), 66 Stat. 594; Pub. L. 85800, § 4, Aug. 28, 1958, 72 Stat. 966; Pub. L. 103355, title II, § 2051(a)(4), (5), (d), Oct. 13, 1994, 108 Stat. 3304.