CFR > Title 24 - Housing and Urban Development > CHAPTER IX—OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT > PART 985—SECTION 8 MANAGEMENT ASSESSMENT PROGRAM (SEMAP) > SUBPART B—Program Operation (§985.101 to §985.109) > 985.109—Default under the Annual Contributions Contract (ACC).

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.