[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1486]

[Page 749]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1486_EMERGING MARKETS PROGRAM--Table of Contents
 
                      Subpart C_Program Operations
 
Sec.  1486.301  How is the working relationship established between CCC and 

the Recipient of program funding?

    (a) FAS will send an approval letter followed by a project agreement 
to each approved applicant. The approval letter and agreement will 
specify the terms and conditions applicable to the project, including 
the levels of EMP funding and cost-share contribution requirements. The 
applicant is authorized to begin implementation of the project as of the 
date of the approval letter, unless otherwise indicated.
    (b) An applicant who accepts the terms and conditions contained in 
the agreement should so indicate by having the appropriate authorizing 
official sign the agreement and submit it to the Director, Marketing 
Operations Staff, FAS, USDA. The applicant may not be reimbursed for 
approved project expenses until the Recipient's authorizing official and 
CCC have signed the agreement.