49 CFR 29.806 - Upon termination, what happens to the funds associated with the terminated portions of the compact or funding agreement?

Regulations last checked for updates: Nov 25, 2024

Title 49 - Transportation last revised: Nov 18, 2024

View all text of Subpart I [§ 29.800 - § 29.806]

§ 29.806 - Upon termination, what happens to the funds associated with the terminated portions of the compact or funding agreement?

Upon termination, the Department will reassume the remaining funds associated with the terminated portions of the compact or funding agreement. The Department may:

(a) Transfer funds associated with transportation services provided by the Department of the Interior to the Department of the Interior; or

(b) Distribute any funds not transmitted to the Department of the Interior in accordance with applicable law.

authority: 23 U.S.C. 207

source: 85 FR 33504, June 1, 2020, unless otherwise noted.

cite as: 49 CFR 29.806