Administrative Rulemaking, Guidance, and Enforcement Procedures, 1747 [C1-2019-26672]
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Federal Register / Vol. 85, No. 8 / Monday, January 13, 2020 / Rules and Regulations
FAS programs during such fiscal year;
or
(2) An audit that meets the
requirements contained in subpart F of
2 CFR part 200.
(c) A Participant or subrecipient that
is a for-profit entity or a subrecipient
that is a foreign organization and that
expends, during its fiscal year, a total
that is less than the audit requirement
threshold in 2 CFR 200.501 in Federal
awards, is exempt from requirements
under this section for an audit for that
year, except as provided in paragraphs
(d) and (f) of this section, but it must
make records available for review by
appropriate officials of Federal agencies.
(d) FAS may require an annual
financial audit of an agreement or
subaward when the audit requirement
threshold in 2 CFR 200.501 is not met.
In that case, FAS must provide funds
under the agreement for this purpose,
and the Participant or subrecipient, as
applicable, must arrange for such audit
and submit it to FAS.
(e) When a Participant or subrecipient
that is a for-profit entity or a subrecipiet
that is a foreign organization is required
to obtain a financial audit under this
section, it must provide a copy of the
audit to FAS within 60 days after the
end of its fiscal year.
(f) FAS, the USDA Office of Inspector
General, or GAO may conduct or
arrange for additional audits of any
Participants or subrecipients, including
for-profit entities and foreign
organizations. Participants and
subrecipients must promptly comply
with all requests related to such audits.
If FAS conducts or arranges for an
additional audit, such as an audit with
respect to a particular agreement, FAS
will fund the full cost of such an audit,
in accordance with 2 CFR 200.503(d).
khammond on DSKJM1Z7X2PROD with RULES
§ 1485.36 Suspension and termination of
agreements.
(a) An agreement or subaward may be
suspended or terminated in accordance
with 2 CFR 200.338 or 200.339. FAS
may suspend or terminate an agreement
if it determines that:
(1) One of the bases in 2 CFR 200.338
or 200.339 for termination or
suspension by FAS has been satisfied;
or
(2) The continuation of the assistance
provided under the agreement is no
longer necessary or desirable.
(b) If an agreement is terminated, the
Participant:
(1) Is responsible for using or
returning any CCC-provided funds,
interest, or program income that have
not been disbursed, as agreed to by FAS;
and
VerDate Sep<11>2014
15:46 Jan 10, 2020
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(2) Must comply with any closeout
and post-closeout procedures specified
in the agreement and 2 CFR 200.343 and
200.344.
§ 1485.37 Noncompliance with an
agreement.
(a) If a MAP Participant fails to
comply with any term in its agreement
or approval letter, CCC may take one or
more of the enforcement actions in 2
CFR part 200 and, if appropriate, initiate
a claim against the MAP Participant,
following the procedures set forth in
this subpart. CCC may also initiate a
claim against a MAP Participant if
program income or CCC-provided funds
are lost due to an action or omission of
the MAP Participant. If any MAP
Participant has engaged in fraud with
respect to the MAP, or has otherwise
violated program requirements under
this subpart, CCC may:
(1) Hold such MAP Participant liable
for any and all losses to CCC resulting
from such fraud or violation;
(2) Require a refund of any assistance
provided to such MAP Participant plus
interest as determined by FAS; and
(3) Collect liquidated damages from
such MAP Participant in an amount
determined appropriate by FAS.
(b) The provisions of this section shall
be without prejudice to any other
remedy that is available under any other
provision of law.
1747
DEPARTMENT OF TRANSPORTATION
Office of the Secretary
14 CFR Parts 11, 300, and 302
49 CFR Parts 1, 5, 7, 106, 211, 389, 553,
and 601
RIN 2105–AE84
Administrative Rulemaking, Guidance,
and Enforcement Procedures
Correction
In rule document 2019–26672,
appearing on pages 71714 through
71734, in the issue of Friday, December
27, 2019 make the following correction:
§ 5.25
General.
On page 71726, in the second column,
in the footnotes, footnote 8 should read,
‘‘ 8 See Appendix A to ‘‘Memorandum
on the Review and Clearance of
Guidance Documents,’’ available at
https://cms.dot.gov/sites/dot.gov/files/
docs/regulations/328566/gen-counselmem-guidance-documentssigned122018.pdf.’’
[FR Doc. C1–2019–26672 Filed 1–10–20; 8:45 am]
BILLING CODE 1301–01–D
COMMODITY FUTURES TRADING
COMMISSION
17 CFR Part 143
RIN 3038–AE82
§ 1485.38 Paperwork reduction
requirements.
Annual Adjustment of Civil Monetary
Penalties To Reflect Inflation—2020
The paperwork and recordkeeping
requirements imposed by this subpart
have been approved by OMB under the
Paperwork Reduction Act of 1980. OMB
has assigned control number 0551–0026
for this information collection.
AGENCY:
Dated: December 6, 2019.
Robert Stephenson,
Executive Vice President, Commodity Credit
Corporation.
In concurrence with:
Dated: December 6, 2019.
Ken Isley,
Administrator, Foreign Agricultural Service.
[FR Doc. 2019–27965 Filed 1–10–20; 8:45 am]
BILLING CODE 3410–10–P
PO 00000
Commodity Futures Trading
Commission.
ACTION: Final rule.
The Commodity Futures
Trading Commission (Commission) is
amending its rule governing the
maximum amount of civil monetary
penalties to adjust for inflation. This
rule sets forth the maximum, inflationadjusted dollar amount for civil
monetary penalties (CMPs) assessable
for violations of the Commodity
Exchange Act (CEA) and Commission
rules, regulations, and orders
thereunder. The rule, as amended,
implements the Federal Civil Penalties
Inflation Adjustment Act of 1990, as
amended.
SUMMARY:
This rule is effective on January
13, 2020 and is applicable to penalties
assessed after January 15, 2020.
FOR FURTHER INFORMATION CONTACT:
Edward J. Riccobene, Associate Chief
Counsel, Division of Enforcement, at
(202) 418–5327 or ericcobene@cftc.gov,
DATES:
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[Federal Register Volume 85, Number 8 (Monday, January 13, 2020)]
[Rules and Regulations]
[Page 1747]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: C1-2019-26672]
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DEPARTMENT OF TRANSPORTATION
Office of the Secretary
14 CFR Parts 11, 300, and 302
49 CFR Parts 1, 5, 7, 106, 211, 389, 553, and 601
RIN 2105-AE84
Administrative Rulemaking, Guidance, and Enforcement Procedures
Correction
In rule document 2019-26672, appearing on pages 71714 through
71734, in the issue of Friday, December 27, 2019 make the following
correction:
Sec. 5.25 General.
On page 71726, in the second column, in the footnotes, footnote 8
should read, `` \8\ See Appendix A to ``Memorandum on the Review and
Clearance of Guidance Documents,'' available at https://cms.dot.gov/
sites/dot.gov/files/docs/regulations/328566/gen-counsel-mem-guidance-
documentssigned-122018.pdf.''
[FR Doc. C1-2019-26672 Filed 1-10-20; 8:45 am]
BILLING CODE 1301-01-D
