(a) In cases of serious financial mismanagement, fraud, or defalcation of funds, the Corporation shall refer the matter to the Office of Inspector General, and may take appropriate action pursuant toparts 1606, 1623, 1625, and 1640 of this chapter.
(b) The recovery of a disallowed cost according to the procedures of this part does not constitute a permanent reduction in the annualized funding level of the recipient, nor does it constitute a termination of financial assistance underpart 1606, a suspension of funding under part 1623, or a denial of refunding under part 1625.
Title 45 published on 2014-10-01.
No entries appear in the Federal Register after this date, for 45 CFR Part 1630.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.