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Electronic Code of Federal Regulations

e-CFR data is current as of February 13, 2020

Title 45Subtitle ASubchapter BPart 149Subpart B → §149.45


Title 45: Public Welfare
PART 149—REQUIREMENTS FOR THE EARLY RETIREE REINSURANCE PROGRAM
Subpart B—Requirements for Eligible Employment-Based Plans


§149.45   Funding limitation.

(a) Based on the projected or actual availability of program funding, the Secretary may deny applications that otherwise meet the requirements of this part, and if an application is approved, may deny all or part of a sponsor's reimbursement request.

(b) The Secretary's decision to stop accepting applications or satisfying reimbursement requests based on the availability of funding is final and binding, and is not appealable.

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