24 CFR 583.130 - Commitment of grant amounts for leasing, supportive services, and operating costs.

Regulations last checked for updates: May 18, 2024

Title 24 - Housing and Urban Development last revised: May 07, 2024

View all text of Subpart B [§ 583.100 - § 583.155]

§ 583.130 - Commitment of grant amounts for leasing, supportive services, and operating costs.

Upon execution of a grant agreement covering assistance for leasing, supportive services, or operating costs, HUD will obligate amounts for a period not to exceed five operating years. The total amount obligated will be equal to an amount necessary for the specified years of operation, less the recipient's share of operating costs.

(Approved by the Office of Management and Budget under OMB control number 2506-0112) [59 FR 36891, July 19, 1994]

authority: 42 U.S.C. 11389 and 3535(d)

source: 58 FR 13871, Mar. 15, 1993, unless otherwise noted.

cite as: 24 CFR 583.130