Servicing RISE grants.

CFR · 2024-01-01 · US · Title 7

The Agency will service RISE grants in accordance with the requirements specified in departmental regulations, the financial assistance agreement, 7 CFR part 1951, subparts E and O, other than 7 CFR 1951.709(d)(1)(i)(B)(iv), and the requirements in § 4284.1120, except as specified in paragraphs (a) through (d) of this section. (a) (b) (1) (i) Grantees must submit requests for programmatic changes in writing to the Agency for Agency approval. (ii) Failure to obtain prior Agency approval of any such change could result in such remedies as suspension, termination, and recovery of grant funds. (iii) Prior Agency approval is required for all increases in project costs. Prior Agency approval is required for a decrease in project cost only if the decrease would have a negative effect on the long-term viability of the project. A decrease in project cost that does not have a negative impact on long-term viability requires Agency notification prior to disbursement of funds. If project costs decrease, the Agency will reduce the grant amount, if necessary, to maintain a maximum grant amount of no greater than 80 percent of total project activities as required in § 4284.1114(a). (2) (3) (i) Continue with the original contractor or vendor; (ii) Find another contractor or vendor that has qualifications and experience acceptable to the Agency to complete the project; or (iii) Terminate the grant by providing a written request to the Agency. No additional funding will be available from the Ag

official document · source cfr-2024 · id 7:§ 4284.1120