[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: 24CFR968.428]



[Page 529]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 968_PUBLIC HOUSING MODERNIZATION--Table of Contents

 

                   Subpart D_Vacancy Reduction Program

 

Sec.  968.428  Program closeout.



    (a) Requirements for grantees. Upon completion of the activities 

funded in accordance with this part, the grantee shall submit to HUD, 

and in a form prescribed by HUD, the actual modernization cost 

certificate for HUD's review, audit verification, and approval. The 

grantee shall immediately remit any excess funds provided by HUD. If the 

audited modernization cost certificate discloses unauthorized 

expenditures, the grantee shall take such corrective actions as HUD may 

direct.

    (b) Audit. The audit shall follow the guidelines prescribed in 24 

CFR part 44, Non-Federal Government Audit Requirements.



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

2577-0181)