1. Regulations
  2. title 24
  3. chapter IX
  4. part 985
  5. subpart B
  6. § 985.109

View all text of Subpart B [§ 985.101 - § 985.109]

§ 985.109 - Default under the Annual Contributions Contract (ACC).

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.

AUTHORITY: 42 U.S.C. 1437a, 1437c, 1437f, 1437z-10, and 3535(d).

SOURCE: 63 FR 48555, Sept. 10, 1998, unless otherwise noted.

CITE AS: 24 CFR 985.109