[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1465.24]

[Page 678-679]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1465_AGRICULTURAL MANAGEMENT ASSISTANCE--Table of Contents
 
                           Subpart B_Contracts
 
Sec. 1465.24  Contract modification, extension, and transfer of land.

    (a) The participant and NRCS may modify a contract if the 
participant and NRCS agree to the contract modification.
    (b) Contracts that run less than ten years may be extended for up to 
the 10-year limit in order for the participant to complete the practices 
scheduled in

[[Page 679]]

the contract, if such extension is requested by the participant before 
the contract expires.
    (c) The parties may mutually agree to transfer a contract to a new 
participant. The transferee must be determined by NRCS to be eligible to 
participate in the AMA Program and shall assume full responsibility 
under the contract, including operation and maintenance of those 
conservation practices already installed and to be installed as a 
condition of the contract.
    (d) NRCS may require a participant to refund all or a portion of any 
assistance earned under the AMA Program if the participant sells or 
loses control of the land under an AMA Program contract and the new 
owner or controller is not eligible to participate in the AMA Program or 
refuses to assume responsibility under the contract.