24 CFR 576.300

§ 576.300 In general.

United States · 24 CFR — Housing and Urban Development · Status: effective

Cite this

Citation: 24 CFR 576.300, § 576.300 In general, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100980
Permanent ID: ys:prov:100980@1
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Full text

(1) Funds not awarded by HUD due to failure by the recipient to submit and obtain HUD approval of a consolidated plan will be reallocated in accordance with §§ 576.301 through 576.303. (2) Recaptured funds will be awarded by formula. In October and April each year, HUD will determine if the amount of recaptured funds is at least 30 percent of the most recent fiscal year appropriation. If so, HUD will amend all existing grants and reallocate the funds. If the amount is less than 30 percent of the most recent fiscal year appropriation, the funds will be reallocated in conjunction with the next fiscal year's allocation of funding.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.