49 C.F.R. § 29.601

When does a withdrawal from a consortium become effective?

Last amended: 2020Year: 2026Length: 92 wordsOfficial source

Cite as 49 C.F.R. § 29.601 (2026)

A withdrawal from a consortium becomes effective within the time frame specified in the resolution that authorizes the Tribe to withdraw from the consortium. In the absence of a specific time frame set forth in the resolution, such withdrawal becomes effective on: (a) The earlier of 1 year after the date of submission of such request, or the date on which the funding agreement expires; or (b) Such date as may be mutually agreed upon by the Department, the withdrawing Tribe, and the consortium that has executed the compact and funding agreement.
49 C.F.R. § 29.601: When does a withdrawal from a consortium become effective? | Justis AI