[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 752-753]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1486_EMERGING MARKETS PROGRAM--Table of Contents
 
               Subpart D_Contributions and Reimbursements
 
Sec.  1486.405  How are Recipients reimbursed for project expenditures?

    (a) After implementation of an EMP project for which CCC has agreed 
to provide funding, Recipients may submit claims for reimbursement of 
the expenses incurred to the extent CCC has agreed to pay for such 
costs. Reimbursement for approved project expenses is limited to 85 
percent of the amount specified in the project agreement. The Recipient 
may be reimbursed for the remaining 15 percent of the funds after the 
final performance report containing the information required by the 
agreement is submitted to and approved by FAS.
    (b) A format for reimbursement claims is available from the 
Marketing Operations Staff, FAS, USDA.
    (c) Final reimbursement claims must be made no later than 90 days 
after the completion date of the project, and are

[[Page 753]]

subject to a complete final performance report acceptable to FAS.
    (d) Any duplicate payment or overpayment made by CCC shall be 
returned by the Recipient promptly after discovery of the overpayment by 
the Recipient or within 30 days after notification by FAS, either by 
submitting a check made payable to the Commodity Credit Corporation and 
referencing the applicable project, or by offsetting as a credit on the 
next reimbursement claim. All checks shall be mailed to the Director, 
Marketing Operations Staff, FAS, USDA.