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Title 7: Agriculture
Subtitle B: Regulations of the Department of Agriculture (Continued)
CHAPTER XIV: COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
SUBCHAPTER B: LOANS, PURCHASES, AND OTHER OPERATIONS
PART 1499: FOOD FOR PROGRESS PROGRAM
1499.15 - Suspension, termination, and closeout of agreements.
(a) An agreement may be suspended or terminated by CCC if it determines that:
(1) The continuation of the assistance provided under the agreement is no longer necessary or desirable; or
(2) Storage facilities are inadequate to prevent spoilage or waste, or distribution of the donated commodities will result in substantial disincentive to, or interference with, domestic production or marketing in the targeted country.
(b) An agreement may be terminated in accordance with ? 3019.61 of this title. If an agreement is terminated, the participant shall:
(1) Be responsible for the safety of any undistributed donated commodities and dispose of such commodities only as agreed to by FAS; and
(2) Follow the closeout procedures in ?? 3019.71 through 3019.73 of this title.
(c) An agreement will be considered completed when CCC and the participant have fulfilled their responsibilities under the agreement or the agreement has been terminated. The procedures in sections ?? 3019.71 through 3019.73 of this title will apply to the closeout of a completed agreement.
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