[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR574.200]

[Page 202]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 574_HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS--Table of Contents
 
                      Subpart C_Competitive Grants
 
Sec. 574.200  Amounts available for competitive grants.


    (a) The Department will set aside 10 percent of the amounts 
appropriated under this program to fund on a competitive basis:
    (1) Special projects of national significance; and
    (2) Other projects submitted by States and localities that do not 
qualify for formula grants.
    (b) Any competitively awarded funds that become available as a 
result of deobligations or the imposition of sanctions, as provided in 
Sec. 574.540, will be added to the funds available for competitive 
grants in the next fiscal year.
    (c) The competitive grants are awarded based on applications, as 
described in subpart C of this part, submitted in response to a Notice 
of Funding Availability published in the Federal Register. All States 
and units of general local government and nonprofit organizations are 
eligible to apply for competitive grants to fund projects of national 
significance. Only those States and units of general local government 
that do not qualify for formula allocations are eligible to apply for 
competitive grants to fund other projects.
    (d) If HUD makes a procedural error in a funding competition that, 
when corrected, would warrant funding of an otherwise eligible 
application, HUD will select that application for potential funding when 
sufficient funds become available.

[57 FR 61740, Dec. 28, 1992, as amended at 61 FR 7963, Feb. 29, 1996]