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e-CFR data is current as of February 24, 2021 |
Title 7 → Subtitle B → Chapter IV → Part 400 → Subpart M → §400.206 |
Title 7: Agriculture
PART 400—GENERAL ADMINISTRATIVE REGULATIONS
Subpart M—Agency Sales and Service Contract—Standards for Approval
§400.206 Financial qualifications for acceptability.
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.