StacksVerified U.S. regulatory reference

7 CFR §1484.81

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
  1. (a)An agreement or subaward may be suspended or terminated in accordance with 2 CFR 200.339 or 200.340. FAS may suspend or terminate an agreement if it determines that:
    1. (1)One of the bases in 2 CFR 200.339 or 200.340 for termination or suspension by FAS has been satisfied; or
    2. (2)The continuation of the assistance provided under the agreement is no longer necessary or desirable.
  2. (b)If an agreement is terminated, the Cooperator:
    1. (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. (2)Must comply with any closeout and post-closeout procedures specified in the agreement and 2 CFR 200.344 and 200.345.