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2010-04-06
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Section 108 Community Development Loan Guarantee Program: Participation of States as Borrowers Pursuant to Section 222 of the Omnibus Appropriations Act, 2009
Rules and Regulations
D09002ee1bdd20143
D09002ee1bdd201a9
United States
Department of Housing and Urban Development
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org
United States Government Agency or Subagency
This final rule follows publication of a July 22, 2009, interim rule that implemented section 222 in Division I of the Omnibus Appropriations Act, 2009. Section 222 authorizes HUD, to the extent of its Fiscal Year (FY) 2009 loan guarantee authority, to provide community development loan guarantees, under section 108 of the Housing and Community Development Act of 1974, to States borrowing on behalf of local governments in nonentitlement areas (governments that do not receive annual Community Development Block Grants (CDBGs) from HUD). Section 108 authorizes HUD to guarantee notes issued by such nonentitlement local governments or their designated public agencies supported by the respective State's pledge of its CDBG funds. Prior to the enactment of section 222, HUD lacked authority to guarantee notes issued by States on behalf of local governments in nonentitlement areas. HUD received a single public comment on the July 22, 2009, interim rule, which expressed support for the interim regulatory amendments. HUD is adopting the interim rule without change.
75 FR 17303
https://www.govinfo.gov/app/details/FR-2010-04-06/2010-7767
2010-7767
FR06AP10-5
RIN 2506-AC28
4210-67-P
Docket No. 5326-F-02
https://www.govinfo.gov/app/details/FR-2010-04-06/2010-7767
https://www.govinfo.gov/content/pkg/FR-2010-04-06/html/2010-7767.htm
https://www.govinfo.gov/content/pkg/FR-2010-04-06/pdf/2010-7767.pdf
Administrative Practice and Procedure
American Samoa
Community Development Block Grants
Grant Programs-Education
Grant Programs-Housing and Community Development
Guam
Indians
Loan Programs-Housing and Community Development
Low and Moderate Income Housing
Northern Mariana Islands
Pacific Islands Trust Territory
Puerto Rico
Reporting and Recordkeeping Requirements
Student Aid
Virgin Islands
2 p.
17303
17304
75 FR 17303
Code of Federal Regulations
Title 24 Part 570
24 CFR Part 570
Regulation Identification Number 2506-AC28
RIN 2506-AC28
Section 108 Community Development Loan Guarantee Program: Participation of States as Borrowers Pursuant to Section 222 of the Omnibus Appropriations Act, 2009; Federal Register Vol. 75, Issue
RULE
2010-7767
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
2010-05-06
Docket No. 5326-F-02
4210-67-P
2010-7767
Final rule.
This final rule follows publication of a July 22, 2009, interim rule that implemented section 222 in Division I of the Omnibus Appropriations Act, 2009. Section 222 authorizes HUD, to the extent of its Fiscal Year (FY) 2009 loan guarantee authority, to provide community development loan guarantees, under section 108 of the Housing and Community Development Act of 1974, to States borrowing on behalf of local governments in nonentitlement areas (governments that do not receive annual Community Development Block Grants (CDBGs) from HUD). Section 108 authorizes HUD to guarantee notes issued by such nonentitlement local governments or their designated public agencies supported by the respective State's pledge of its CDBG funds. Prior to the enactment of section 222, HUD lacked authority to guarantee notes issued by States on behalf of local governments in nonentitlement areas. HUD received a single public comment on the July 22, 2009, interim rule, which expressed support for the interim regulatory amendments. HUD is adopting the interim rule without change.
Effective Date: May 6, 2010.
Paul Webster, Director, Financial Management Division, Office of Community Planning and Development, Department of Housing and Urban Development, 451 7th Street, SW., Room 7186, Washington, DC 20410; telephone number 202-708-1871 (this is not a toll-free number). Individuals with speech or hearing impairments may access this number through TTY by calling the toll-free Federal Information Relay Service at 800-877-8339.
Administrative Practice and Procedure
American Samoa
Community Development Block Grants
Grant Programs-Education
Grant Programs-Housing and Community Development
Guam
Indians
Loan Programs-Housing and Community Development
Low and Moderate Income Housing
Northern Mariana Islands
Pacific Islands Trust Territory
Puerto Rico
Reporting and Recordkeeping Requirements
Student Aid
Virgin Islands
Section 108 Community Development Loan Guarantee Program:
Participation of States as Borrowers Pursuant to Section 222 of the Omnibus Appropriations Act (2009)
,
Federal Register
Vol. 75, no. 65
Office of the Federal Register, National Archives and Records Administration
2010-04-06
continuing
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281 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2010-04-06
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0042-1219
0364-1406
769-004-00000-9
000582072
f:FR06AP10
https://www.govinfo.gov/app/details/FR-2010-04-06
https://www.govinfo.gov/content/pkg/FR-2010-04-06/pdf/FR-2010-04-06.pdf
https://www.govinfo.gov/content/pkg/FR-2010-04-06/xml/FR-2010-04-06.xml
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