7 CFR 1487.16

§ 1487.16 Suspension and termination of agreements.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 1487.16, § 1487.16 Suspension and termination of agreements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/26471
Permanent ID: ys:prov:26471@1
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Full text

(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 Participant: (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.

Legislative history

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