7 CFR 1752.31 – Authorized signatories
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Only the RUS Administrator can bind the Government to the expenditure of funds. Notwithstanding anything contained in this part, however, any settlement resulting in the reduction of $500,000 or more in payment to the Government, inclusive of attorney’s fees, shall be approved by the Under Secretary for Rural Development, or higher.
Terms Used In 7 CFR 1752.31
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.