§1486.508. Suspension and termination.
7 C.F.R. § 1486.508
An agreement or subaward may be suspended or terminated in accordance with 2 CFR 200.338 or 200.339. FAS may suspend or terminate an agreement if it determines that:
One of the bases in 2 CFR 200.338 or 200.339 for termination or suspension by FAS has been satisfied; or
The continuation of the assistance provided under the agreement is no longer necessary or desirable.
If an agreement is terminated, the Recipient:
Is responsible for using or returning any CCC-provided funds, interest, or program income that have not been disbursed, as agreed to by FAS; and
Must comply with any closeout and post-closeout procedures specified in the agreement and 2 CFR 200.343 and 200.344.
Notes, amendments, and revision history
Authority
Authority: 7 U.S.C. 5623, 5662-5663.
Source
Source: 84 FR 69986, Dec. 20, 2019, unless otherwise noted.