Suspension and termination of agreements.

CFR · 2024-01-01 · US · Title 7

(a) CCC may suspend or terminate an agreement if it determines that: (1) One of the bases in 2 CFR 200.339 or 200.340 for suspension or termination by CCC has been satisfied; (2) The continuation of the assistance provided under the agreement is no longer necessary or desirable; or (3) Storage facilities are inadequate to prevent spoilage or waste of the donated commodities, or distribution of the donated commodities will result in a substantial disincentive to or interference with domestic production or marketing in the target country. (b) The termination provisions in 2 CFR 200.340 and 200.341 will apply to an agreement. (c) If an agreement is terminated, the recipient: (1) Is responsible for the security and integrity of any undistributed donated commodities and must dispose of such commodities only as agreed to by CCC; (2) Is responsible for any sale proceeds, CCC-provided funds, interest, or program income that have not been disbursed and must use or return them only as agreed to by CCC; and (3) Must comply with any closeout and post-closeout provisions specified

official document · source cfr-2024 · id 7:§ 1499.16