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Code · BILL · 113th Congress · S. 437 (Introduced in Senate) — To authorize the Department of Housing and Urban Development to transform neighborhoods of extreme poverty into susta... · Sec. 13

Sec. 13. Withdrawal of funding

123 words·~1 min read·/bill/113/s/437/is/section-13

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If a grantee under this Act does not proceed within a reasonable time frame in implementing its transformation plan, or does not otherwise comply with the requirements of this Act or the grant agreement, as determined by the Secretary, the Secretary is authorized to withdraw any grant amounts under this Act that have not been obligated by the grantee. The Secretary may redistribute any withdrawn amounts to one or more other eligible entities capable of proceeding expeditiously in the same locality in carrying out the transformation plan of the original grantee, or as such plan may be modified and approved by the Secretary, or, if that is not feasible, to one or more other applicants that has already received assistance under this Act.
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