§ 2553.107 - What must a sponsor do if it cannot meet its performance measures?

§ 2553.107 What must a sponsor do if it cannot meet its performance measures?

Cross Reference

Link to an amendment published at 83 FR 64658, Dec. 17, 2018.

Whenever When a sponsor finds it is not on track to meet its performance measures, it the sponsor must develop a plan to get back on track or submit a request to the Corporation CNCS to amend its performance measures. CNCS may limit when amendments to performance measure can be submitted, as well as limit the types of changes a sponsor can make to performance measures. The request must include all of the following:

(a) Why the project is not on track to meet its performance requirements;

(b) How the project has been tracking performance measures;

(c) Evidence of corrective steps taken;

(d) Any new proposed performance measures; and

(e) A plan to ensure that the project will meet the new proposed measure(s).

[76 FR 20247, Apr. 12, 2011, as amended at 83 FR 64658, Dec. 17, 2018]