§ 12753. Penalties for misuse of funds

157 words·~1 min read·/usc/title-42/section-12753

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If the Secretary finds after reasonable notice and opportunity for hearing that a participating jurisdiction has failed to comply substantially with any provision of this part and until the Secretary is satisfied that there is no longer any such failure to comply, the Secretary shall reduce the line of credit in the participating jurisdiction’s HOME Investment Trust Fund by the amount of any expenditures that were not in accordance with the requirements of this subchapter, and the Secretary may—

(1)prevent withdrawals from the participating jurisdiction’s HOME Investment Trust Fund for activities affected by such failure to comply;

(2)restrict the participating jurisdiction’s activities under this subchapter to activities that conform to one or more model programs made available under section 12743 of this title; or

(3)remove the participating jurisdiction from participation in allocations or reallocations of funds made available under this part.

(Pub. L. 101–625, title II, § 223, Nov. 28, 1990, 104 Stat. 4112.)

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Cited by 11 sections

U.S. Code

statute-compilations

Sec. 223
PENALTIES FOR MISUSE OF FUNDS

statutes-at-large

Public Law 101–625
To authorize a new HOME Investment Partnerships program, a National Homeownership Trust program, and HOPE programs, to amend and extend certain laws relating to housing, community and neighborhood preservation, and related programs, and for other purposes

bill

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U.S. Code

Development of model programs
§ 12743

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Pub. L. 101–625, title II, § 223
104 Stat. 4112

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§ 12753

Penalties for misuse of funds

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U.S.C.×2

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U.S.C.§ 12743

Pub. L.Pub. L. 101–625, title II, § 223

Stat.104 Stat. 4112

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