CDBG Funds definition

CDBG Funds has the meaning set forth in Paragraph B of the Recitals.

CDBG Funds means Community Development Block Grant funds, in the form of grants under this subpart in- cluding any reimbursements, program income, and loans guaranteed under section 108 of the Act.

CDBG Funds means Community Development Block Grant funds, in the form of grants under this subpart and program income, and loans guaranteed by the state under section 108 of the Act.(b) [Reserved][57 FR 53397, Nov. 9, 1992, as amended at 61 FR 5209, Feb. 9, 1996]§ 570.482 Eligible activities.

Examples of CDBG Funds in a sentence

• All CDBG Funds provided by County should be shown via explicit disclosure in the annual financial statements or the accompanying notes to the financial statements.

• If City is required to repay County any CDBG Funds pursuant to this section, City shall repay such funds from nonfederal resources within thirty (30) days after the notice provided by County, and if not paid, County may, in its sole discretion, elect to withhold payment on any subsequent request for payment by City, or reduce City’s obligation to repay County by making an administrative offset against any request for payment.

• If there is a conflict between any provisions set forth in this Agreement and a more stringent state or federal provision which is applicable to this Agreement, the CDBG Funds, or the Project, the more stringent state or federal provision shall prevail.

• City shall comply with requirements for use and disposition of equipment acquired in whole, or in part, with CDBG Funds under this Agreement in accordance with 2 C.F.R. Part 200.313; except that, pursuant to 24 C.F.R. Part 570.502(a)(8), if equipment is sold, the proceeds shall be Program Income.

• The Contract Administrator is hereby authorized to approve, in writing, line item budget changes to the information set forth in Exhibit B during the term of this Agreement, and for sixty (60) days after expiration or earlier termination of this Agreement, in order to reconcile City’s expenditures of CDBG Funds, provided such changes do not result in an increase in the total amount of the CDBG Funds.

More Definitions of CDBG Funds

CDBG Funds means community development block grant funds awarded to the department by the federal government under 42 USC 5301 to 5319.

CDBG Funds means Community Development Block Grant funds, in the form of grants under this subpart and program income, and loans guaranteed under section 108 of the Act.(b) [Reserved][57 FR 53397, Nov. 9, 1992, as amended at 61FR 5209, Feb. 9, 1996; 74 FR 36389, July 22,2009]§ 570.482 Eligible activities.

CDBG Funds means the CDBG Program (as defined herein) funds provided to City under this Agreement, as set forth in Exhibit B to this Agreement.

CDBG Funds means Community Development Block Grant funds, in the form of grants under this subpart and program income, and loans guaranteed under section 108 of the Act.

CDBG Funds means Community Development Block Grant Funds made available to the County pursuant to the Housing and Community Development Act of 1974, as amended for the purpose of dispensing these Funds for eligible CDBG

CDBG Funds means Community Development Block Grant Funds provided to the CITY by HUD and subsequently provided to Borrower by the CITY.

CDBG Funds means funds provided to the County from HUD under Title I of the Housing and Community Development Act of 1974, as amended which must be used by in accordance with 24 C.F.R. Part 570.