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24 C.F.R. · Housing and Urban Development
24 C.F.R. § 570.494

Timely distribution of funds by states.

Title 24 C.F.R. ● ACTIVE Primary Source
Regulatory Text

24 C.F.R. § 570.494 — Timely distribution of funds by states.

§ 570.494 Timely distribution of funds by states. (a) States are encouraged to adopt and achieve a goal of obligating and announcing 95 percent of funds to units of general local government within 12 months of the state signing its grant agreement with HUD. (b) HUD will review each state to determine if the state has distributed CDBG funds in a timely manner. The state's distribution of CDBG funds is timely if: (1) All of the state's annual grant (excluding state administration) has been obligated and announced to units of general local government within 15 months of the state signing its grant agreement with HUD; and (2) Recaptured funds and program income received by the state are expeditiously obligated and announced to units of general local government. (c) HUD may collect necessary information from states to determine whether CDBG funds have been distributed in a timely manner.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-CFR24-SEC-068EB9
Entity Class
REGULATION / FEDERAL-CFR-SECTION
Domain Signature
boisestandard.org
Citation
24 C.F.R. § 570.494
Corpus
CFR — Code of Federal Regulations
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
bd177685a3331b2f...
Semantic Edges
Pending — corpus passes queued
The regulatory text of 24 C.F.R. § 570.494 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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Title 24 — Housing and Urban Development
24 C.F.R. § 0.124 C.F.R. § 1.124 C.F.R. § 1.224 C.F.R. § 1.324 C.F.R. § 1.424 C.F.R. § 1.524 C.F.R. § 1.624 C.F.R. § 1.724 C.F.R. § 1.824 C.F.R. § 1.924 C.F.R. § 1.1024 C.F.R. § 3.10024 C.F.R. § 3.10524 C.F.R. § 3.11024 C.F.R. § 3.11524 C.F.R. § 3.12024 C.F.R. § 3.12524 C.F.R. § 3.13024 C.F.R. § 3.13524 C.F.R. § 3.14024 C.F.R. § 3.20024 C.F.R. § 3.20524 C.F.R. § 3.21024 C.F.R. § 3.21524 C.F.R. § 3.22024 C.F.R. § 3.22524 C.F.R. § 3.23024 C.F.R. § 3.23524 C.F.R. § 3.30024 C.F.R. § 3.305
24 C.F.R. — public domain ← All Legislation
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boisestandard.org → United States → Law → CFR → Title 24 → 24 C.F.R. § 570.494