7 CFR 550.106

§ 550.106 Mutuality of interest.

United States · 7 CFR — Agriculture · Status: effective

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Citation: 7 CFR 550.106, § 550.106 Mutuality of interest, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/18936
Permanent ID: ys:prov:18936@1
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Full text

The REE Agency must document all parties' interest in the project. Mutual interest exists when all parties benefit in the same qualitative way from the objectives of the award. If one party to the non-assistance cooperative agreement would independently have an interest in the project, which is shared by the other party, and all parties contribute resources to obtain the end result of the project, mutual interest exists.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.