(a) Any funds paid to a Cooperator in excess of the amount to which the Cooperator is finally determined to be entitled under the terms and conditions of the award constitute a debt to the Federal Government. If not paid within a reasonable period after the demand for payment, the REE Agency may in accordance with 7 CFR part 3, reduce the debt by--
(1) Making an administrative offset against other requests for reimbursements, or
(2) Withholding advance payments otherwise due to the Cooperator, or
(3) Taking other action permitted by statute.
(b) Except as otherwise provided by law, the REE Agency shall charge interest on an overdue debt in accordance with 31 CFR part 900, ``Federal Claims Collection Standards.''
PARTS 551 599 [RESERVED]