Code of Federal Regulations · Section
§ 259.5 — Maximum Deposit Amounts And Time To Deposit
50 C.F.R. § 259.5
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(a) Other than the maximum annual ceilings established by the Act, the Secretary shall not establish an annual ceiling. However, deposits can no longer be made once a party has deposited 100 percent of the anticipated cost of all Schedule B objectives unless the Agreement is then amended to establish additional Schedule B objectives.
(b) Ordinarily, the Secretary shall permit deposits to accumulate prior to commencement of any given Schedule B objective for a maximum of ten years. However, at the Secretary's sole discretion and based on good and sufficient cause shown, the time period may be extended.
Authorizing Statute
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Definitions46 U.S.C. § 53501