[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: 7CFR1487]

[Page 758]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1487_TECHNICAL ASSISTANCE FOR SPECIALTY CROPS--Table of Contents
 
Sec.  1487.8  How are payments made?

    (a) Reimbursement. (1) Following the implementation of a project for 
which the CCC has agreed to provide funding, a participant may submit 
claims for reimbursement of eligible expenses to the extent that the CCC 
has agreed to pay such expenses. Any changes to approved activities must 
be approved in writing by the FAS before any reimbursable expenses 
associated with the change can be incurred. A participant will be 
reimbursed after the CCC reviews the claim and determines that it is 
complete.
    (2) All claims for reimbursement must be received no later than 90 
calendar days following the expiration or termination date of the 
program agreement. For program agreements which extend beyond twelve 
months, all claims for reimbursement must be received no later than 90 
calendar days following the next anniversary of the effective date of 
the agreement.
    (3) Participants shall maintain complete records of all program 
expenditures, identified by TASC agreement number, program year, country 
or region, activity number and cost category. Such records shall be 
accompanied by original documentation which supports the expenditure and 
shall be made available to the FAS upon request.
    (4) Participants shall maintain all records and documents relating 
to TASC projects, including the original documentation which supports 
reimbursement claims, for a period of three calendar years following the 
expiration or termination date of the program agreement. Such records 
and documents will be subject to verification by the FAS Compliance 
Review Staff and shall be made available upon request to authorized 
officials of the U.S. Government. The FAS may deny a claim for 
reimbursement if the claim is not supported by acceptable documentation.
    (5) In the event that a reimbursement claim is overpaid or is 
disallowed after payment already has been made, the participant shall 
return the overpayment amount or the disallowed amount to the CCC within 
30 days after realizing the overpayment or receiving notification of the 
overpayment or disallowed amount.
    (b) Advances. Participants may request advances of funds, not to 
exceed 85 percent of the funding approved in any given program year. All 
advanced funds must be either fully expended or the balance returned by 
check made payable to the CCC no later than the 90th calendar day 
following the date of disbursement of the advance to the participant. 
Upon the expenditure of advance funds, participants must submit 
reimbursement claims to offset the advance charged to them.
    (c) Interest. Participants shall deposit and maintain advanced funds 
in insured, interest-bearing accounts. Interest earned on outstanding 
advances must be returned by check made payable to the CCC at the time 
the advance is either fully expended or itself returned.

[68 FR 42564, July 18, 2003]