Use of procured commodities, FAS-provided funds, and program income.

CFR · 2024-01-01 · US · Title 7

(a) A recipient must use the procured commodities, FAS-provided funds, interest, and program income in accordance with the agreement. (b) A recipient must not use procured commodities, FAS-provided funds, interest, or program income for any activity or any expense incurred by the recipient or a subrecipient prior to the start date of the period of performance of the agreement or after the agreement is suspended or terminated, without the prior written approval of FAS. (c) A recipient must not permit the distribution, handling, or allocation of procured commodities on the basis of political affiliation, geographic location, or the ethnic, tribal or religious identity or affiliation of the potential consumers or beneficiaries. (d) A recipient must not permit the distribution, handling, or allocation of procured commodities by the military forces of any government or insurgent group without the specific authorization of FAS. (e) A recipient must not use FAS-provided funds to acquire goods and services, either directly or indirectly through another party, in a manner that violates country-specific economic sanction programs, as specified in the agreement. (f) A recipient may sell the procured commodities only if the recipient is disposing of damaged procured commodities as specified in § 1590.10. (g) A recipient must deposit and maintain all FAS-provided funds and program income in a bank account until they are used for a purpose authorized under the agreement or the FAS-provided

official document · source cfr-2024 · id 7:§ 1590.12