[Code of Federal Regulations]

[Title 24, Volume 4]

[Revised as of April 1, 2006]

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

[CITE: 24CFR884.124]



[Page 121]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

  CHAPTER VIII--OFFICE OF THE ASSISTANT SECRETARY FOR HOUSING-FEDERAL 

 

PART 884_SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM, NEW CONSTRUCTION 

SET-ASIDE FOR SECTION 515 RURAL RENTAL HOUSING PROJECTS--Table of Contents

 

            Subpart A_Applicability, Scope and Basic Policies

 

Sec.  884.124  Audit.



    (a) Where a State or local government is the eligible owner of a 

project, or is a contract administrator under Sec.  884.119 or Sec.  

884.120, receiving financial assistance under this part, the audit 

requirements in 24 CFR part 44 shall apply.

    (b) Where a nonprofit organization is the eligible owner of a 

project, receiving financial assistance under this part, the audit 

requirements in 24 CFR part 45 shall apply.



[50 FR 39092, Sept. 27, 1985; 51 FR 30480, Aug. 27, 1986, as amended at 

57 FR 33257, July 27, 1992]