[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: 24CFR572.230]

[Page 188]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 572_HOPE FOR HOMEOWNERSHIP OF SINGLE FAMILY HOMES PROGRAM (HOPE 3)--Table of Contents
 
                            Subpart C_Grants
 
Sec. 572.230  Cash and Management Information (C/MI) System.

    Disbursement of HOPE 3 grant funds is managed through HUD's Cash and 
Management Information (C/MI) System for the HOPE 3 program. Funds that 
may be disbursed through the C/MI System include funds awarded to the 
recipient and obligated through the grant approval letter issued by HUD. 
HOPE 3 funds are drawn down by the recipient or its authorized designee 
from a United States Treasury account for the program, using the 
Treasury Automated Clearinghouse (ACH) System. Any drawdown of HOPE 3 
funds from the United States Treasury account is conditioned upon the 
submission of satisfactory information about the program and compliance 
with other procedures specified by HUD in HUD's forms and issuances 
concerning the C/MI System.

[62 FR 34145, June 24, 1997]