2502-AJ25 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 2502 Office of Housing OH 2500 Department of Housing and Urban Development HUD Federal Housing Administration (FHA): Section 232 Healthcare Facility Insurance Program--Aligning Operator Financial Reports with HUD's Uniform Financial Reporting Standards (FR-5794)

Through a final rule published on September 7, 2012, HUD revised the regulations for FHA's program for insurance of health care facilities under section 232 of the National Housing Act (Section 232 program). In the September 7, 2012, final rule, HUD retained the longstanding requirement that owners and borrowers participating in the Section 232 program submit audited financial statements to HUD, and added the requirement that operators of Section 232 facilities also submit financial statements to HUD on a quarterly and annual basis. However, the September 7, 2012, rule placed operators on a different submission deadline than that required of owners. This interim rule revises the financial reporting deadlines for operators to bring them in-line with the reporting periods prescribed in HUD's Uniform Financial Reporting Standards, to which owners and borrowers are subject.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Final Rule Stage No No 24 CFR 5 24 CFR 232 42 USC 3535(d) No Interim Rule 09/16/2014 79 FR 55360 Public Comment Deadline 11/17/2014 Final Action 02/00/2015 No No None No No No Ivy Jackson Special Assistant, Office of Health Care Programs 2502 Office of Housing OH 202 708-0599 451 7th Street SW., Washington DC 20410