[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR511.33]

[Page 21-22]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 511_RENTAL REHABILITATON GRANT PROGRAM--Table of Contents
 
             Subpart D_Allocation Formula and Reallocations
 
Sec. 511.33  Deobligation of rental rehabilitation grant amounts.

    (a) Before deobligating grant amounts, HUD will consult with the 
affected grantee and take into account factors such as timing of the 
grantee's program year; the timing of State distributions to State 
recipients, if applicable; the timing of expected project approvals for 
projects in the grantee's pipeline; climatic or other considerations 
affecting rehabilitation work schedules; and other relevant 
considerations. In addition to any remedial deobligation under Sec. 
511.82, HUD may deobligate any rental rehabilitation grant amounts that 
are not:
    (1) Committed to specific local projects within 3 years of the date 
of obligation of the grant under Sec. 511.21(d) (4 years in the case of 
a State that distributes rental rehabilitation grant amounts to State 
recipients); or
    (2) Expended for eligible costs within 5 years of such date of 
obligation (6 years in the case of a State that distributes rental 
rehabilitation grant amounts to State recipients).
    (b) After such consultation, the HUD field office may direct the 
grantee to proceed with program closeout and may deobligate remaining 
unexpended grant amounts if the field office determines that any 
uncommitted funds will not be committed within a reasonable time, only 
small amounts of funds remain unexpended, or completion of uncompleted 
projects appears infeasible within a reasonable time. None of the time 
periods referred to in this section are extended by any suspensions of

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project set-ups or other remedial action imposed by HUD under this part.

[61 FR 7062, Feb. 23, 1996]