[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: 24CFR573.9]

[Page 197]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 573_LOAN GUARANTEE RECOVERY FUND--Table of Contents
 
Sec. 573.9  Other requirements.

    (a) Nondiscrimination and equal opportunity. The nondiscrimination 
and equal opportunity requirements described in 24 CFR part 5, subpart A 
apply to this part.
    (b) 24 CFR part 84. The provisions of 24 CFR part 84 apply to 
guaranteed loans under this part.
    (c) Lead-based paint. Housing assisted under this part is subject to 
the lead-based paint requirements described in part 35, subparts A, B, 
E, G, and R of this title.
    (d) Labor standards--(1) Davis-Bacon. All laborers and mechanics 
employed by contractors or subcontractors in the performance of 
construction work financed in whole or in part with Guaranteed Loan 
Funds under this part shall be paid wages at rates not less than those 
prevailing on similar construction in the locality as determined by the 
Secretary of Labor in accordance with the Davis-Bacon Act, as amended 
(40 U.S.C. 276a-276a-5). This paragraph shall apply to the 
rehabilitation of residential property only if such property contains 
not less than 8 units.
    (2) Volunteers. The provisions of paragraph (d)(1) of this section 
shall not apply to volunteers under the conditions set forth in 24 CFR 
part 70. In applying part 70, loan guarantees under this part shall be 
treated as a program for which there is a statutory exemption for 
volunteers.
    (3) Labor standards. Any contract, subcontract, or building loan 
agreement executed for a project subject to Davis-Bacon wage rates under 
paragraph (d)(1) of this section shall comply with all labor standards 
and provisions of 29 CFR parts 1, 3 and 5 that would be applicable to a 
loan guarantee program to which Davis-Bacon wage rates are made 
applicable by statute.

[61 FR 47405, Sept. 6, 1996, as amended at 64 FR 50226, Sept. 15, 1999]