Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 49 - Transportation |
Subtitle A - Office of the Secretary of Transportation |
Part 29 - Tribal Transportation Self-Governance Program |
Subpart G - Withdrawal |
§ 29.601 - When does a withdrawal from a consortium become effective?
Latest version.
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§ 29.601 When does a withdrawal from a consortium become effective?
A withdrawal from a consortium becomes effective within the time frame specified in the resolution that authorizes the Tribe to withdraw from the consortium. In the absence of a specific time frame set forth in the resolution, such withdrawal becomes effective on:
(a) The earlier of 1 year after the date of submission of such request, or the date on which the funding agreement expires; or
(b) Such date as may be mutually agreed upon by the Department, the withdrawing Tribe, and the consortium that has executed the compact and funding agreement.