2014 US Code
Title 42 - The Public Health and Welfare (Sections 1 - 18445)
Chapter 130 - National Affordable Housing (Sections 12701 - 12899i)
Subchapter II - Investment in Affordable Housing (Sections 12721 - 12840)
Part A - Home Investment Partnerships (Sections 12741 - 12756)
Sec. 12753 - Penalties for misuse of funds
| Publication Title | United States Code, 2012 Edition, Supplement 2, Title 42 - THE PUBLIC HEALTH AND WELFARE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 130 - NATIONAL AFFORDABLE HOUSING SUBCHAPTER II - INVESTMENT IN AFFORDABLE HOUSING Part A - HOME Investment Partnerships Sec. 12753 - Penalties for misuse of funds |
| Contains | section 12753 |
| Date | 2014 |
| Laws In Effect As Of Date | January 5, 2015 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 101-625, title II, §223, Nov. 28, 1990, 104 Stat. 4112. |
| Statutes at Large Reference | 104 Stat. 4112 |
| Public and Private Law | Public Law 101-625 |
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If the Secretary finds after reasonable notice and opportunity for hearing that a participating jurisdiction has failed to comply substantially with any provision of this part and until the Secretary is satisfied that there is no longer any such failure to comply, the Secretary shall reduce the line of credit in the participating jurisdiction's HOME Investment Trust Fund by the amount of any expenditures that were not in accordance with the requirements of this subchapter, and the Secretary may—
(1) prevent withdrawals from the participating jurisdiction's HOME Investment Trust Fund for activities affected by such failure to comply;
(2) restrict the participating jurisdiction's activities under this subchapter to activities that conform to one or more model programs made available under section 12743 of this title; or
(3) remove the participating jurisdiction from participation in allocations or reallocations of funds made available under this part.
(Pub. L. 101–625, title II, §223, Nov. 28, 1990, 104 Stat. 4112.)
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