[Code of Federal Regulations]
[Title 45, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 45CFR77.4]

[Page 262]
 
                        TITLE 45--PUBLIC WELFARE
 
                           AND HUMAN SERVICES
 
PART 77--REMEDIAL ACTIONS APPLICABLE TO LETTER OF CREDIT ADMINISTRATION--Table of Contents
 
Sec. 77.4  Remedial actions.

    If, after the conclusion of the procedures set forth in Sec. 77.5 or 
Sec. 77.6 the Department finds that one or more of the conditions set 
forth in Sec. 77.3 is or has been present, the Department may take the 
following remedial actions against a recipient organization's use of its 
letter of credit:
    (a) The Department may place special limits, restrictions, or 
controls upon the recipient organization's use of its letter of credit.
    (b) The Department may require more frequent or more detailed 
financial reporting from the recipient organization.
    (c) The Department may suspend, reduce, or terminate the recipient 
organization's use of its letter of credit.