B-170971: Jul 9, 1976

WHOSE DEBENTURES HAVE BEEN GUARANTEED BY HUD. IS IN SERIOUS FINANCIAL DIFFICULTY AND HUD HAS ACQUIRED THE PROPERTY. EXPENDITURES AUTHORIZED UNDER SECTION 726(3) WOULD THUS APPEAR TO BE "PROGRAM EXPENDITURES" FOR WHICH REVOLVING FUND IS AVAILABLE. NEW COMMUNITY DEVELOPMENT PROGRAM: THIS DECISION TO THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT IS IN RESPONSE TO A REQUEST DATED JUNE 28. THE SPECIFI...

B-170971: Jul 9, 1976

A determination was requested as to whether the Secretary of Housing and Urban Development (HUD) may use funds from the revolving fund established by the Urban Growth and New Community Development Act of 1970 to acquire, handle, and dispose of property for which debentures were guaranteed by HUD if it is anticipated that such action will result in losses for HUD greater than those which would be i...

B-170971: Jan 22, 1976

IS IN RESPONSE TO A REQUEST FROM THE GENERAL COUNSEL OF HUD REGARDING USE OF THE REVOLVING FUND ESTABLISHED BY SECTION 717 OF THE URBAN GROWTH AND NEW COMMUNITY DEVELOPMENT ACT OF 1970 (TITLE VII OF THE HOUSING AND URBAN DEVELOPMENT ACT OF 1970). THE SPECIFIC QUESTION RAISED BY HUD IS: "WHETHER. TAX AND OTHER LIENORS WHOSE LIENS MAY HAVE PRIORITY OVER THE GOVERNMENT'S LIEN.". WE DO NOT BELIEVE THE...

B-170971: Jan 22, 1976

The agency requested guidance regarding the use of the revolving fund established by the Urban Growth and New Community Development Act of 1970. This fund may not be used by the agency to make payments to the developer as "program expenditures" to enable him to repair, maintain, and operate a development project except subsequent to a bona fide determination by the Department of Housing and Urban...

B-170971: Published: Nov 15, 1974. Publicly Released: Nov 15, 1974.

No summary is currently available...

B-170971: Published: Nov 30, 1970. Publicly Released: Nov 12, 1982.

No summary is currently available...