[Code of Federal Regulations]

[Title 45, Volume 1]

[Revised as of October 1, 2006]

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

[CITE: 45CFR77.4]



[Page 279]

 

                        TITLE 45--PUBLIC WELFARE

 

                    SUBTITLE A--DEPARTMENT OF HEALTH

                           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.