[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR17.71]



[Page 216]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 17_ADMINISTRATIVE CLAIMS--Table of Contents

 

   Subpart C_Procedures for the Collection of Claims by the Government

 

Sec.  17.71  Suspension or revocation of eligibility.



    (a) Where a contractor, grantee, or other participant in programs 

sponsored by the Department fails to pay his debts to the Department 

within a reasonable time after demand, the fact shall be reported by the 

Assistant Secretary for Administration to the Inspector General, who 

shall place such defaulting participant's name on the Department's list 

of debarred, suspended and ineligible contractors and grantees and the 

participant will be so advised.

    (b) The failure of any surety to honor its obligations in accordance 

with 6 U.S.C. 11 is to be reported at once to the Assistant Secretary 

for Administration who shall so advise the Treasury Department. The 

Treasury Department will notify this Department when a surety's 

certificate of authority to do business with the Government has been 

revoked or forfeited.