[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: 24CFR572.420]

[Page 191-192]
 
                 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 E_Other Federal Requirements
 
Sec. 572.420  Miscellaneous requirements.

    (a) Application of OMB Circulars. (1) The policies, guidelines, and 
requirements of OMB Circular Nos. A-87 (Cost Principles Applicable to 
Grants, Contracts and Other Agreements with State and Local Governments) 
and 24 CFR part 85 (Administrative Requirements for Grants and 
Cooperative Agreements to State, Local and Federally Recognized Indian 
Tribal Governments) apply to the award, acceptance, and use of 
assistance under this part by applicable entities, and to the remedies 
for non-compliance, except where inconsistent with the provisions of 
NAHA, other Federal statutes, or this part. Part 84 of this title 
(Grants and Agreements with Institutions of Higher Education, Hospitals, 
and Other Nonprofit Organizations) and OMB Circular Nos. A-122 (Cost 
Principles Applicable to Grants, Contract and Other Agreements with 
Nonprofit Institutions) and, as applicable, A-21 (Cost Principles for 
Educational Institutions) apply to the acceptance and use of assistance 
under this part by covered organizations, except where inconsistent with 
the provisions of Federal statutes or this part. Recipients are also 
subject to the audit requirements of OMB Circular A-128 (Audits of State 
and Local Governments) implemented at 24 CFR part 44, and OMB Circular 
A-133 (Audits of Institutions of Higher Learning and Other Nonprofit 
Institutions), implemented at 24 CFR part 45, as applicable.
    (2) Copies of OMB Circulars may be obtained from E.O.P. 
Publications, room 2200, New Executive Office Building, Washington, DC 
20503, telephone (202) 395-7332 (this is not a toll-free number). There 
is a limit of two free copies.
    (b) Requirements in 24 CFR part 5. The Disclosure requirements; 
provisions on Debarred, suspended or ineligible contractors; and Drug-
Free Workplace requirements, as identified in Sec. 5.105 (b), (c), and 
(d) of this title, apply to this program.
    (c)-(d) [Reserved]
    (e) Labor standards. If other Federal programs are used in 
connection with

[[Page 192]]

the HOPE 3 homeownership program, labor standards requirements apply to 
the extent required by such other Federal programs.
    (f) Flood insurance. Pursuant to the Flood Disaster Protection Act 
of 1973 (42 U.S.C. 4001-4128), the recipient may not provide financial 
assistance for acquisition or rehabilitation of properties located in an 
area identified by the Federal Emergency Management Agency (FEMA) as 
having special flood hazards, unless:
    (1) The community in which the area is situated is participating in 
the National Flood Insurance program (see 44 CFR parts 59 through 79), 
or less than one year has passed since FEMA notification regarding such 
hazards; and
    (2) Flood insurance is obtained as a condition of the acquisition or 
rehabilitation of the property.
    (g) Coastal Barrier Resources Act. Pursuant to the Coastal Barrier 
Resources Act (16 U.S.C. 3601), HUD will not approve use of properties 
in the Coastal Barrier Resources System.
    (h) Lead-based paint activities. The Lead-Based Paint Poisoning 
Prevention Act (42 U.S.C. 4821-4846), the Residential Lead-Based Paint 
Hazard Reduction Act of 1992 (42 U.S.C. 4851-4856), and implementing 
regulations at part 35, subparts A, B, J, K and R of this title apply to 
activities under these programs.

[58 FR 36526, July 7, 1993, as amended at 59 FR 2738, Jan. 19, 1994; 61 
FR 48798, Sept. 16, 1996; 62 FR 34145, June 24, 1997; 64 FR 50226, Sept. 
15, 1999]