[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: 24CFR5.107]



[Page 42]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 5_GENERAL HUD PROGRAM REQUIREMENTS; WAIVERS--Table of Contents

 

  Subpart A_Generally Applicable Definitions and Federal Requirements; 

                                 Waivers

 

Sec.  5.107  Audit requirements for non-profit organizations.



    Non-profit organizations subject to regulations in the part 200 and 

part 800 series of title 24 of the CFR shall comply with the audit 

requirements of revised OMB Circular A-133, ``Audits of States, Local 

Governments, and Non-profit Organizations'' (see 24 CFR 84.26). For HUD 

programs, a non-profit organization is the mortgagor or owner (as these 

terms are defined in the regulations in the part 200 and part 800 

series) and not a related or affiliated organization or entity.



[62 FR 61617, Nov. 18, 1997]