---
kind: "section"
citation: "49 C.F.R. § 29.306"
title: "49"
number: "29.306"
heading: "What is the duration of a funding agreement?"
url: "https://uscodex.org/cfr/49/29.306"
---

# §29.306. What is the duration of a funding agreement?

- (a) 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.
- (b) Each funding agreement will remain in full force and effect until the Department and the Tribe execute a subsequent funding agreement, except when:
  - (1) 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;
  - (2) The Department terminates the funding agreement under [23 U.S.C. 207(f)(2)](/usc/23/207.md?p=f-2); or
  - (3) **The Department and the Tribe agree otherwise.**

## Notes

### Authority

Authority: 23 U.S.C. 207

### Source

Source: 85 FR 33504, June 1, 2020, unless otherwise noted.