24 C.F.R. § 574.540 Deobligation of funds.
Title 24 - Housing and Urban Development
HUD may deobligate all or a portion of the amounts approved for eligible activities if such amounts are not expended in a timely manner, or the proposed activity for which funding was approved is not provided in accordance with the approved application or action plan and the requirements of this regulation. HUD may deobligate any amount of grant funds that have not been expended within a three-year period from the date of the signing of the grant agreement. The grant agreement may set forth other circumstances under which funds may be deobligated or sanctions imposed. [61 FR 7963, Feb. 29, 1996]
Title 24: Housing and Urban Development
PART 574—HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS
Subpart F—Grant Administration
§ 574.540 Deobligation of funds.
