§ 92.107. Revocation of designation as a participating jurisdiction.
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/us/cfr/t24/s§ 92.107·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
HUD may revoke a jurisdiction's designation as a participating jurisdiction if:
(a)HUD finds, after reasonable notice and opportunity for hearing as provided in § 92.552(b) that the jurisdiction is unwilling or unable to carry out the provisions of this part, including failure to meet matching contribution requirements; or
(b)The jurisdiction's formula allocation falls below \$750,000 (or below \$500,000 in fiscal years in which Congress appropriates less than \$1.5 billion for this part) for three consecutive years, below \$625,000 (or below \$410,000 in fiscal years in which Congress appropriates less than \$1.5 billion for this part) for two consecutive years, or the jurisdiction does not receive a formula allocation in any one year.
(c)When HUD revokes a participating jurisdiction's designation as a participating jurisdiction, HUD will reallocate any remaining funds in the jurisdiction's HOME Investment Trust Fund established under § 92.500 in accordance with § 92.451.
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§ 92.107
Revocation of designation as a participating jurisdiction.
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