7 CFR 1450.210
§ 1450.210 Acceptability of offers.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1450.210, § 1450.210 Acceptability of offers, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/26081
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Full text
(a) Acceptance or rejection of any contract offered will be at the sole discretion of CCC, and offers may be rejected for any reason as determined appropriate to accomplish the purposes of BCAP.
(b) An offer to enroll land in BCAP will be irrevocable for such period as is determined and announced by CCC. The producer will be liable to CCC for liquidated damages if the applicant revokes an offer during the period in which the offer is irrevocable as determined by CCC. CCC may waive payment of such liquidated damages if CCC determines that the assessment of such damages, in a particular case, is not in the best interest of CCC and BCAP.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.