[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: 24CFR886.131]



[Page 143]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

 

PART 886_SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM_SPECIAL ALLOCATIONS

--Table of Contents

 

 Subpart A_Additional Assistance Program for Projects With HUD-Insured 

                         and HUD-Held Mortgages

 

Sec.  886.131  Audit.



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

project, or is a contract administrator under Sec.  886.120, 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 of 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]