[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR4.11]



[Page 33-34]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 4_HUD REFORM ACT--Table of Contents

 

       Subpart A_Accountability in the Provision of HUD Assistance

 

Sec.  4.11  Updating of disclosure.



    (a) During the period in which an application for assistance covered 

under Section 102(b) is pending, or in which such assistance is being 

provided, the applicant must report to the Department, or to the State 

or unit of general local government, as appropriate:

    (1) Any information referred to in Section 102(b) that the applicant 

should have disclosed with respect to the application, but did not 

disclose;

    (2) Any information referred to in Section 102(b) that initially 

arose after the time for making disclosures under that subsection, 

including the name and pecuniary interest of any person who did not have 

a pecuniary interest in the project or activity that exceeded the 

threshold in Section 102(b) at the time of the application, but that 

subsequently exceeded the threshold.

    (b) With regard to changes in information that was disclosed under 

Sections 102(b) or 102(c):

    (1) For programs administered by the Assistant Secretary for 

Community Planning and Development:

    (i) Any change in other government assistance covered by Section 

102(b) that exceeds the amount of all assistance that was previously 

disclosed by the lesser of $250,000 or 10 percent of the assistance;

    (ii) Any change in the expected sources or uses of funds that exceed 

the amount of all previously disclosed sources or uses by the lesser of 

$250,000 or 10 percent of previously disclosed sources;

    (2) For all other programs:

    (i) Any change in other government assistance under Section 

102(b)(1) that exceeds the amount of assistance that was previously 

disclosed;

    (ii) Any change in the pecuniary interest of any person under 

Section 102(b)(2) that exceeds the amount of all previously disclosed 

interests by the lesser of $50,000 or 10 percent of such interest;

    (iii) For all projects receiving a tax credit under Federal, Sate or 

local law, any change in the expected sources or uses of funds that were 

previously disclosed;

    (iv) For all other projects:

    (A) Any change in the expected source of funds from a single source 

that exceeds the lesser of the amount previously disclosed for that 

source of funds by $250,000 or 10 percent of the funds previously 

disclosed for that source;



[[Page 34]]



    (B) Any change in the expected sources of funds from all sources 

previously disclosed that exceeds the lesser of $250,000 or 10 percent 

of the amounts previously disclosed from all sources of funds;

    (C) Any change in a single expected use of funds that exceeds the 

lesser of $250,000 or 10 percent of the previously disclosed use;

    (D) Any change in the use of all funds that exceeds the lesser of 

$250,000 or 10 percent of the previously disclosed uses for all funds.

    (c) Period of coverage. For purposes of updating of Section 102(c), 

an application for assistance will be considered to be pending from the 

time the application is submitted until the Department communicates its 

decision with respect to the selection of the applicant.



(Approved by the Office of Management and Budget under control number 

2510-0011)