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1/6/2022 4:22:54 PM
"USDA-FNS suggested requiring a bond or letter of credit for all authorized stores
associated with a permanently disqualified owner and for new stores
when such stores have an owner associated with a store permanently disqualified for trafficking.
The value of these bonds or letters of credit is equal to 10% of the SNAP business
conducted by the store in the previous 12-month period. "
Section 12(d) of the FNA (codified 7 U.S.C. §2021(d) and implemented at 7 C.F.R.§278.1(b)(4))."
AskUSDA’s website can be found at https://ask.usda.gov/
and can be contacted via phone at 1-833-663-USDA and email at askusda@usda.gov.
Good Luck!
associated with a permanently disqualified owner and for new stores
when such stores have an owner associated with a store permanently disqualified for trafficking.
The value of these bonds or letters of credit is equal to 10% of the SNAP business
conducted by the store in the previous 12-month period. "
Section 12(d) of the FNA (codified 7 U.S.C. §2021(d) and implemented at 7 C.F.R.§278.1(b)(4))."
AskUSDA’s website can be found at https://ask.usda.gov/
and can be contacted via phone at 1-833-663-USDA and email at askusda@usda.gov.
Good Luck!
