Section 401.101 - Which owners are ineligible to request Restructuring Plans?(a)Mandatory rejection. The request of an owner of an eligible project will not be considered for a Restructuring Plan if the owner is debarred or suspended under 2 CFR part 2424.(b)Discretion to reject. HUD may also decide not to accept a request for a Restructuring Plan if:(1) An affiliate is debarred or suspended under 2 CFR part 2424; or(2) HUD notifies the owner that HUD is engaged in a pending suspension, debarment or other enforcement action against an owner or affiliate, and the grounds for the pending action are included in § 401.403(b)(2)(ii) .(c)Exception for sale. This section does not apply if a sale or transfer of the property is proposed in accordance with § 401.480 .(d)Notice to tenants. The PAE or HUD will give notice to tenants of a rejection in accordance with §§ 401.500(f)(2) , 401.501 , and 401.502 . 65 FR 15485 , Mar. 22, 2000, as amended at 72 FR 66038 , Nov. 26, 2007; 72 FR 73496 , Dec. 27, 2007