§701.37. Loss of control of the property during the practice life span.
7 C.F.R. § 701.37
In the event of voluntary or involuntary loss of control of the land by the ECP or EFRP cost-share recipient during the practice life-span, if the person or legal entity acquiring control elects not to become a successor to the ECP or EFRP agreement and the practice is not maintained, each participant who received cost-share assistance for the practice may be jointly and severally liable for refunding any ECP or EFRP cost-share assistance related to that practice. The practice life span, for purposes of this section, includes any maintenance period that is essential to its success.
Notes, amendments, and revision history
Amendments
[69 FR 10302, Mar. 4, 2004, as amended at 75 FR 70088, Nov. 17, 2010]
Authority
Authority: 16 U.S.C. 2201-2206; Sec. 101, Pub. L. 109-148, 119 Stat. 2747; and Pub. L. 111-212, 124 Stat. 2302
Source
Source: 69 FR 10302, Mar. 4, 2004, unless otherwise noted.
Amendments
[69 FR 10302, Mar. 4, 2004, as amended at 75 FR 70088, Nov. 17, 2010]