7 CFR 400.206

§ 400.206 Financial qualifications for acceptability.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 400.206, § 400.206 Financial qualifications for acceptability, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/18730
Permanent ID: ys:prov:18730@1
SHA-256: 57ab4e6cf63725b189d26767ac479d4da03d10450131a6b94a3e21340a308cac

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Full text

The financial statement of an entity must show total allowable assets in excess of liabilities and the ability of the entity to meet current liabilities by the use of current assets.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.