(a) If a Participant fails to comply with any term in its project agreement, approval letter, or this part, CCC may take one or more of the enforcement actions in 2 CFR part 200 and, if appropriate, initiate a claim against the Participant, following the procedures set forth in this part. CCC may also initiate a claim against a Participant if program income or CCC-provided funds are lost due to an action or omission of the Participant. If any Participant has engaged in fraud with respect to the TASC program, or has otherwise violated program requirements under this part, CCC may:

1. (1) Hold such Participant liable for any and all losses to CCC resulting from such fraud or violation;
2. (2) Require a refund of any assistance provided to such Participant plus interest as determined by FAS; and
3. (3) Collect liquidated damages from such Participant in an amount determined appropriate by FAS.