§1499.16. Suspension and termination of agreements.
7 C.F.R. § 1499.16
CCC may suspend or terminate an agreement if it determines that:
One of the bases in 2 CFR 200.339 or 200.340 for suspension or termination by CCC has been satisfied;
The continuation of the assistance provided under the agreement is no longer necessary or desirable; or
Storage facilities are inadequate to prevent spoilage or waste of the donated commodities, or distribution of the donated commodities will result in a substantial disincentive to or interference with domestic production or marketing in the target country.
If an agreement is terminated, the recipient:
Is responsible for the security and integrity of any undistributed donated commodities and must dispose of such commodities only as agreed to by CCC;
Is responsible for any sale proceeds, CCC-provided funds, interest, or program income that have not been disbursed and must use or return them only as agreed to by CCC; and
Must comply with any closeout and post-closeout provisions specified in the agreement and 2 CFR 200.344 and 200.345.
Notes, amendments, and revision history
Amendments
[81 FR 62605, Sept. 12, 2016, as amended at 84 FR 45060, Aug. 28, 2019; 87 FR 53368, Aug. 31, 2022]
Authority
Authority: 7 U.S.C. 1736o; and 15 U.S.C. 714b and 714c.
Source
Source: 81 FR 62605, Sept. 12, 2016, unless otherwise noted.
Amendments
[81 FR 62605, Sept. 12, 2016, as amended at 84 FR 45060, Aug. 28, 2019; 87 FR 53368, Aug. 31, 2022]