Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter XIV - Commodity Credit Corporation, Department of Agriculture |
SubChapter C - Export Programs |
Part 1487 - Technical Assistance for Specialty Crops |
§ 1487.16 - Suspension and termination of agreements.
Latest version.
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§ 1487.16 Suspension and termination of agreements.
(a) An agreement or subaward may be suspended or terminated in accordance with 2 CFR 200.338 or 200.339. FAS may suspend or terminate an agreement if it determines that:
(1) One of the bases in 2 CFR 200.338 or 200.339 for termination or suspension by FAS has been satisfied; or
(2) The continuation of the assistance provided under the agreement is no longer necessary or desirable.
(b) If an agreement is terminated, the Participant:
(1) Is responsible for using or returning any CCC-provided funds, interest, or program income that have not been disbursed, as agreed to by FAS; and
(2) Must comply with any closeout and post-closeout procedures specified in the agreement and 2 CFR 200.343 and 200.344.