[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: 24CFR92.103]



[Page 601]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 92_HOME INVESTMENT PARTNERSHIPS PROGRAM--Table of Contents

 

  Subpart C_Consortia; Designation and Revocation of Designation as a 

                       Participating Jurisdiction

 

Sec.  92.103  Notification of intent to participate.



    (a) Not later than 30 days after receiving notice of its formula 

allocation amount, a jurisdiction must notify HUD in writing of its 

intention to become a participating jurisdiction.

    (b) A unit of general local government that has a formula allocation 

of less than $750,000, or less than $500,000 in fiscal years in which 

Congress appropriates less than $1.5 billion for this part, must submit, 

with its notice, one or more of the following, as appropriate, as 

evidence that it has met the threshold allocation requirements in Sec.  

92.102(b):

    (1) Authorization from the State to transfer a portion of its 

allocation to the unit of general local government;

    (2) A letter from the governor or designee indicating that the 

required funds have been approved and budgeted for the unit of general 

local government;

    (3) A letter from the chief executive officer of the unit of general 

local government indicating that the required funds have been approved 

and budgeted.