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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 24 - Housing and Urban Development |
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Subtitle B - Regulations Relating to Housing and Urban Development |
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Chapter IX - Office of Assistant Secretary for Public and Indian Housing, Department of Housing and Urban Development |
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Part 985 - Section 8 Management Assessment Program (SEMAP) |
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Subpart B - Program Operation |
§ 985.109 - Default under the Annual Contributions Contract (ACC).
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§ 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.