[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 754]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1486_EMERGING MARKETS PROGRAM--Table of Contents
 
             Subpart E_Reporting, Evaluation, and Compliance
 
Sec.  1486.504  How does a Recipient respond to a compliance report?

    (a) A Recipient shall, within 60 days of the date of the compliance 
report, submit a written response to the Director, CRS. The Director, 
CRS, at his or her discretion, may extend the period for response up to 
an additional 30 days. The response shall include:
    (1) Repayment of any funds determined to be due to CCC;
    (2) Submission of documentation or evidence of any other required 
action; or
    (3) A request for reconsideration of any finding and the supporting 
justification.
    (b) If after review of the compliance report and response, the 
Director, CRS determines that the Recipient owes money to CCC, the 
Director, CRS, will so inform the Recipient and provide a detailed basis 
for the decision. The Recipient has 30 days from the date of the 
Director's, CRS, determination to submit any money owed to CCC or to 
request reconsideration.
    (c) If the Recipient does not respond to the compliance report 
within the required time period, the Director, CRS, may initiate action 
to collect any amount owed to CCC pursuant to 7 CFR Part 1403, Debt 
Settlement Policies.