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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter XLII - Rural Business-Cooperative Service and Rural Utilities Service, Department of Agriculture |
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Part 4284 - Grants |
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Subpart J - Value-Added Producer Grant Program |
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Post Award Activities and Requirements |
§ 4284.962 - Transfer of obligations.
Latest version.
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§ 4284.962 Transfer of obligations.
At the discretion of the Agency and on a case-by-case basis, an obligation of funds established for an Applicant may be transferred to a different (substituted) Applicant provided:
(a) The substituted Applicant:
(1) Is eligible;
(2) Has a close and genuine relationship with the original Applicant; and
(3) Has the authority to receive the assistance approved for the original Applicant; and
(b) The project continues to meet all product, purpose, and reserved funds eligibility requirements so that the need, purpose(s), and scope of the project for which the Agency funds will be used remain substantially unchanged.