BCAP contract.

CFR · 2024-01-01 · US · Title 7

(a) In order to enroll land in BCAP, the participant must enter into a contract with CCC. (b) The contract is comprised of: (1) The terms and conditions for participation in BCAP; (2) The conservation plan, forest stewardship plan, or equivalent plan; and (3) Any other materials or agreements determined necessary by CCC. (c) In order to enter into a contract, the producer must submit an offer to participate as specified in § 1450.209; (d) The contract must, within the dates established by CCC, be signed by: (1) The producer; and (2) The owners of the eligible land to be placed in the BCAP and other eligible participants, if applicable. (e) The Deputy Administrator is authorized to approve contracts on behalf of CCC. (f) CCC will honor contracts even in the event that a project area biomass conversion facility does not become fully or partially operational. (g) Contracts may be terminated by CCC before the full term of the contract has expired if: (1) The owner loses control of or transfers all or part of the acreage under contract and the new owner does not wish to continue the contract; (2) The participant voluntarily requests in writing to terminate the contract and obtains the approval of CCC according to terms and conditions as determined by CCC; (3) The participant is not in compliance with the terms and conditions of the contract; (4) The BCAP practice fails or is not established after a certain time period, as determined by CCC, and the cost of restoring or establishin

official document · source cfr-2024 · id 7:§ 1450.211