[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: 7CFR1484.57]

[Page 746]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1484_PROGRAMS TO HELP DEVELOP FOREIGN MARKETS FOR AGRICULTURAL 
 
               Subpart D_Contributions and Reimbursements
 
Sec. 1484.57  Will FAS make advance payments to a Cooperator?

    (a) Policy. In general, FAS operates the Cooperator program on a 
reimbursable basis.
    (b) Exception. Upon request, FAS may make two types of advance 
payments to a Cooperator. The first is a revolving fund operating 
advance provided by FAS only to Cooperators with foreign offices 
supported with project funds. The second is a special advance payment 
used to pay an impending large cost item. FAS will provide this type of 
advance expense payment in lieu of direct payments by FAS to vendors or 
other third parties. All Cooperators, with or without project fund-
supported foreign offices, are eligible to request special advance 
payments. Normally, special advance payments received from FAS must be 
liquidated by the Cooperator within 90 days from the date of receipt. 
Prior to making an advance, FAS may require the participant to submit 
security in a form and amount acceptable to FAS to protect FAS' 
financial interests. FAS will not make any special advance payment to a 
Cooperator where a special advance is outstanding from a prior marketing 
plan year. Cooperators shall deposit and maintain advances in insured, 
interest-bearing accounts, unless such accounts are prohibited by law or 
custom of a host country.
    (c) Refunds due FAS. A participant shall return any unexpended 
portion of an advance, plus any interest earned, either by submitting a 
check payable to FAS or by offsetting its next reimbursement claim. All 
checks shall be mailed to the Director, Marketing Operations Staff, FAS, 
USDA.