§792.203. Application of amounts recovered.
24 C.F.R. § 792.203
The PHA may only use the amount of the recovery it is authorized to retain in support of the section 8 program in which the fraud occurred.
The remaining balance of the recovery proceeds (i.e., the portion of recovery the PHA is not authorized to retain) must be applied as directed by HUD.
Notes, amendments, and revision history
Authority
Authority: 42 U.S.C. 1437f note and 3535(d).
Source
Source: 59 FR 9409, Feb. 28, 1994, unless otherwise noted.