[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR305.10]

[Page 619]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 305_PUBLIC WORKS AND ECONOMIC DEVELOPMENT INVESTMENTS--Table of Contents
 
              Subpart B_Requirements for Approved Projects
 
Sec.  305.10  Bid underrun.

    If at the construction contract bid opening, the lowest responsive 
bid is less than the total Project cost, the Recipient will notify EDA 
to determine whether Investment funds should be deobligated from the 
Project.