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        <title>Changes to Accounting Requirements for the Community Development Block Grants (CDBG) Program</title>
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    <abstract>This rule makes several changes to the existing Community Development Block Grant (CDBG) program regulations in order to better track the use of grant funds and improve accounting procedures in the program. Through this rule, HUD requires grantees to commence tracking the obligations and expenditures of funds for each specific fiscal year grant, rather than track such information cumulatively. In order to effectively implement this accounting change, changes are needed to the regulations applicable to affected grants, such as the program-specific regulations, consolidated plan regulations, and methods to calculate the cap on administrative and planning expenses. While amending these regulations to conform to and support this accounting practice in applicable regulations, HUD is also making certain grammatical and other technical corrections in those regulations.</abstract>
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        <topic>Administrative Practice and Procedure</topic>
        <topic>American Samoa</topic>
        <topic>Community Development Block Grants</topic>
        <topic>Grant Programs-Education</topic>
        <topic>Guam</topic>
        <topic>Indians</topic>
        <topic>Loan Programs-Housing and Community Development</topic>
        <topic>Northern Mariana Islands</topic>
        <topic>Pacific Islands Trust Territory</topic>
        <topic>Puerto Rico</topic>
        <topic>Student Aid</topic>
        <topic>Virgin Islands</topic>
        <topic>Aged</topic>
        <topic>Grant Programs-Housing and Community Development</topic>
        <topic>Homeless</topic>
        <topic>Individuals with Disabilities</topic>
        <topic>Low and Moderate Income Housing</topic>
        <topic>Reporting and Recordkeeping Requirements</topic>
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        <summary>This rule makes several changes to the existing Community Development Block Grant (CDBG) program regulations in order to better track the use of grant funds and improve accounting procedures in the program. Through this rule, HUD requires grantees to commence tracking the obligations and expenditures of funds for each specific fiscal year grant, rather than track such information cumulatively. In order to effectively implement this accounting change, changes are needed to the regulations applicable to affected grants, such as the program-specific regulations, consolidated plan regulations, and methods to calculate the cap on administrative and planning expenses. While amending these regulations to conform to and support this accounting practice in applicable regulations, HUD is also making certain grammatical and other technical corrections in those regulations.</summary>
        <dates>Effective date: December 14, 2015.</dates>
        <contact>Stanley Gimont, Director, Office of Block Grant Assistance, Department of Housing and Urban Development, Office of Community Planning and Development, 451 7th Street SW., Suite 7286, Washington, DC 20410 at 202-708-3587, (this is not a toll-free number). Individuals with speech or hearing impairments may access this number via TTY by calling the Federal Information Relay Service, toll- free, at 800-877-8339.</contact>
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            <subject>Administrative Practice and Procedure</subject>
                                    
            <subject>American Samoa</subject>
                                    
            <subject>Community Development Block Grants</subject>
                                    
            <subject>Grant Programs-Education</subject>
                                    
            <subject>Guam</subject>
                                    
            <subject>Indians</subject>
                                    
            <subject>Loan Programs-Housing and Community Development</subject>
                                    
            <subject>Northern Mariana Islands</subject>
                                    
            <subject>Pacific Islands Trust Territory</subject>
                                    
            <subject>Puerto Rico</subject>
                                    
            <subject>Student Aid</subject>
                                    
            <subject>Virgin Islands</subject>
                                
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            <subject>Homeless</subject>
                                    
            <subject>Individuals with Disabilities</subject>
                                    
            <subject>Low and Moderate Income Housing</subject>
                                    
            <subject>Reporting and Recordkeeping Requirements</subject>
                                
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        <tocDoc>Changes to Accounting Requirements for the Community Development Block Grants Program
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