§29.306. What is the duration of a funding agreement?
49 C.F.R. § 29.306
The duration of a funding agreement is one year unless the Department and a Tribe negotiate a multi-year funding agreement or, for an initial funding agreement, a partial-year agreement.
Each funding agreement will remain in full force and effect until the Department and the Tribe execute a subsequent funding agreement, except when:
The Tribe provides notice to the Department that it is withdrawing or retroceding funds for the operation of one or more PSFAs (or portions thereof) identified in the funding agreement;
The Department terminates the funding agreement under 23 U.S.C. 207(f)(2); or
The Department and the Tribe agree otherwise.
Notes, amendments, and revision history
Authority
Authority: 23 U.S.C. 207
Source
Source: 85 FR 33504, June 1, 2020, unless otherwise noted.