Tenn. Comp. R. & Regs. 0770-06-05-.11 - COMPLIANCE REPORTING AND RECAPTURE

(1) Grant allocations made under this section shall be recaptured by the Agency and returned to the Housing Program Fund if not committed to an identified recipient within one year of the grant award. At the discretion of the Agency Board and upon written request by the local grantee, the grant period may be extended for a period of time not to exceed one year.

(2) Local grantees shall develop methods for monitoring compliance with all rules established and shall develop rules for recapture of program funds not properly used. Funds recaptured from individual recipients shall be returned to the local housing program fund and shall be used for housing activities contained in the approved grant application.

(3) Local grantees shall also develop rules for the use of program funds repaid to the local program fund.

(4) Should a local housing program cease to exist, the balance of the state portion of the local housing program fund shall revert to the state housing program fund. Local matching funds shall revert to the local political jurisdiction.

Notes

Tenn. Comp. R. & Regs. 0770-06-05-.11

Original rule filed August 30, 1988; effective October 14, 1988.

Authority: T.C.A. § 13-23-115(18).