Contract Value of Donated Foods [FNS] Law and Legal Definition

According to 7 CFR 250.3 [Title 7—Agriculture; Subtitle B -- Regulations of the Department of Agriculture; Chapter II -- Food and Nutrition Service, Department of Agriculture; Subchapter B -- General Regulations and Policies -- Food Distribution; Part 250 -- Donation of Foods for Use in the United States, its Territories and Possessions and Areas under its Jurisdiction; Subpart A – General], contract value of the donated foods means “the price assigned by the Department to a donated food which shall reflect the Department's current acquisition price, transportation and, if applicable, processing costs related to the food.”