Section 1487.16 - 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(2) Must comply with any closeout and post-closeout procedures specified in the agreement and 2 CFR 200.343 and 200.344 .