[Code of Federal Regulations]
[Title 14, Volume 5]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR1260.56]

[Page 294]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
                   CHAPTER V--NATIONAL AERONAUTICS AND
                          SPACE ADMINISTRATION
 
PART 1260_GRANTS AND COOPERATIVE AGREEMENTS--Table of Contents
 
                            Subpart A_General
 
Sec.  1260.56  Withholding.

                               Withholding

                               August 2003

    If a Recipient fails to comply with the project objectives, the 
terms and conditions of this award, or reporting requirements under this 
or previous NASA awards, NASA may withhold advance payments under this 
award including its augmentations, and may also withhold advance 
payments under future awards to the Recipient, pending correction of the 
deficiency by the Recipient. Upon determination that the deficiency has 
been corrected, the cognizant NASA Financial Management Office shall 
resume advance payments and release of previously withheld amounts after 
coordination with the Grant Officer.

[68 FR 50469, Aug. 21, 2003]

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