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e-CFR data is current as of July 10, 2020

Title 7Subtitle BChapter XIVSubchapter CPart 1486Subpart E → §1486.508


Title 7: Agriculture
PART 1486—EMERGING MARKETS PROGRAM
Subpart E—Reporting, Evaluation, and Compliance


§1486.508   Suspension and termination.

(a) 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:

(1) One of the bases in 2 CFR 200.338 or 200.339 for termination or suspension by FAS has been satisfied; or

(2) The continuation of the assistance provided under the agreement is no longer necessary or desirable.

(b) If an agreement is terminated, the Recipient:

(1) 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

(2) Must comply with any closeout and post-closeout procedures specified in the agreement and 2 CFR 200.343 and 200.344.

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