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HUD/CPD RIN: 2506-AC39 Publication ID: Spring 2018 
Title: Updating Accounting Requirements for the Community Development Block Grants (CDBG) Program (FR-5797) 
Abstract:

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.

 
Agency: Department of Housing and Urban Development(HUD)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 24 CFR 91    24 CFR 570   
Legal Authority: 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   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  11/12/2015  80 FR 69864   
Interim Final Rule Comment Period End  01/11/2016 
Final Action  12/00/2018 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Local, State 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jessie Handforth Kome
Director, Office of Block Grant Assistance
Department of Housing and Urban Development
Office of Community Planning and Development
451 7th Street SW, Room 7286,
DC 20410
Phone:202 708-3587