§400.206. Financial qualifications for acceptability.
7 C.F.R. § 400.206
The financial statement of an entity must show total allowable assets in excess of liabilities and the ability of the entity to meet current liabilities by the use of current assets.
Notes, amendments, and revision history
Authority
Authority: 7 U.S.C. 1506, 1516.
Source
Source: 53 FR 24015, June 27, 1988, unless otherwise noted.
Authority
Authority: 7 U.S.C. 1506(1), 1506(o).