§ 54.644   Multi-year commitments.

   (a) Participants in the Healthcare Connect Fund are permitted to enter
   into multi-year contracts for eligible expenses and may receive funding
   commitments from the Administrator for a period that covers up to three
   funding years.

   (b) If a long-term contract covers a period of more than three years,
   the applicant may also have the contract designated as "evergreen"
   under § 54.642(h)(4) which will allow the applicant to re-apply for a
   funding commitment under the contract after three years without having
   to undergo additional competitive bidding.

   [ 78 FR 13991 , Mar. 1, 2013]

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