§ 570.481. Definitions.

142 words·~1 min read·/us/cfr/t24/s§ 570.481·

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(a)Except for terms defined in applicable statutes or this subpart, the Secretary will defer to a state's definitions, provided that these definitions are explicit, reasonable and not plainly inconsistent with the Act. As used in this subpart, the following terms shall have the meaning indicated:

(1)Act means title I of the Housing and Community Development Act of 1974 (42 U.S.C. 5301 et seq.).

(2)CDBG funds means Community Development Block Grant funds, in the form of grants under this subpart including any reimbursements, program income, and loans guaranteed under section 108 of the Act.

(3)Origin year means the specific Federal fiscal year during which the annual grant funds were appropriated.

(b)\[Reserved\] \[57 FR 53397, Nov. 9, 1992, as amended at 61 FR 5209, Feb. 9, 1996; 74 FR 36389, July 22, 2009; 80 FR 69871, Nov. 12, 2015\]

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