2506-AC39 202304 Unified Agenda of Federal Regulatory and Deregulatory Actions 2506 Office of Community Planning and Development CPD 2500 Department of Housing and Urban Development HUD Updating Accounting Requirements for the Community Development Block Grants (CDBG) Program (FR-5797)

This rule revises the CDBG regulations to align CDBG accounting methods to the grant accounting system specified in HUD’s handbook on CDBG grants. The rule requires grantees, beginning with fiscal year 2015 grants, to track their obligations and expenditures of funds for each specific grant year. This rule makes the necessary regulatory changes to conform to the grant accounting system, such as the time periods of affected grants, records retention, and the calculation of the cap on administrative and planning expenses. These changes are necessary to effectively implement the accounting changes.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No 24 CFR 91 24 CFR 570 Cranston-Gonzalez National Affordable Housing Act 42 U.S.C. 3535 42 U.S.C. 3601 to 3619 42 U.S.C. 5301 to 5315 42 U.S.C. 11331 to 11388 42 U.S.C. 12701 to 12711 42 U.S.C. 12741 to 12756 42 U.S.C. 12901 to 12912 No Interim Final Rule 11/12/2015 80 FR 69864 Interim Final Rule Effective 12/14/2015 Interim Final Rule Comment Period End 01/11/2016 Final Action 12/00/2023 No No Local State No No No No James Hoëmann Director, Entitlement Communities Division 2506 Office of Community Planning and Development CPD 202 708-3587 451 7th Street SW, Washington DC 20410