§12748. HOME Investment Trust Funds — Inbound Citations

Citations to 42 U.S.C. § 12748 as a whole

• 42 U.S.C. § 12746(9)

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  (9) The Secretary may revoke a jurisdiction’s designation as a participating jurisdiction if—

  (A) the Secretary finds, after reasonable notice and opportunity for hearing, that the jurisdiction is unwilling or unable to carry out the provisions of this subchapter, or

  (B) the jurisdiction’s allocation falls below $750,000 for 3 consecutive years, below $625,000 for 2 consecutive years, or the jurisdiction does not receive a formula allocation of $500,000 or more in any 1 year, except as provided in paragraph (10).

  If a jurisdiction’s designation as a participating jurisdiction is revoked, any remaining line of credit in the jurisdiction’s HOME Investment Trust Fund established under section 12748 of this title shall be reallocated in accordance with paragraph (6) of this section.