25 CFR 900.253 – What shall the written notice include?
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The written notice shall include the following:
Terms Used In 25 CFR 900.253
- Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
(a) A detailed statement of the findings which support the Secretary’s determination;
(b) A statement explaining the contractor’s right to a hearing on the record under § 900.171 within 10 days of the emergency reassumption or such later date as the contractor may approve;
(c) An explanation that the contractor may be reimbursed for actual and reasonable “wind up costs” incurred after the effective date of the rescission; and
(d) A request for the return of property, if any.