§985.109. Default under the Annual Contributions Contract (ACC).
24 C.F.R. § 985.109
HUD may determine that an PHA's failure to correct identified SEMAP deficiencies or to prepare and implement a corrective action plan required by HUD constitutes a default under the ACC.
Notes, amendments, and revision history
Authority
Authority: 42 U.S.C. 1437a, 1437c, 1437f, 1437z-10, and 3535(d).
Source
Source: 63 FR 48555, Sept. 10, 1998, unless otherwise noted.