CDBG Grant Return Act of 2014

Bill: 113-hr-5653
Sponsor: full_name: Rep. Salmon, Matt [R-AZ-5]
Introduced: 2014-09-18
Policy area: Housing and Community Development
Subjects: Housing and community development funding

Intergovernmental relations

State and local finance
Latest action: action_date: 2014-09-18
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2014-09-18
action_desc: Introduced in House
text: <p>CDBG Grant Return Act of 2014 - Amends the Housing and Community Development Act of 1974 to authorize any metropolitan city, urban county, local government, Indian tribe, or insular area that directly or indirectly receives amounts from a community development block grant (CDBG), at its sole discretion, to return to the Treasury any or all of such amounts.</p> <p>Allows each entity, at its discretion, to retain and use for any purpose up to 10% of such returned funds.</p> <p>Requires the returned funds to be covered into the Treasury General Fund. Prohibits them from being reallocated, redistributed, or otherwise made available under the Act.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 5653 IN THE HOUSE OF REPRESENTATIVES September 18, 2014 Mr. Salmon introduced the following bill; which was referred to the Committee on Financial Services A BILL To provide for recipients of community development block grant funds to return such funds to the Treasury of the United States without prejudice, and for other purposes.

1. Short title This Act may be cited as the CDBG Grant Return Act of 2014 . 2. Return of unused grant funds Section 106 of the Housing and Community Development Act of 1974 ( 42 U.S.C. 5306 ) is amended by adding at the end the following new subsection: (g) Return of unused grant funds (1) Authority Any metropolitan city, urban county, unit of general local government, Indian tribe, or insular area that directly or indirectly receives amounts pursuant to this section may, at the sole discretion of such entity, return to the Treasury any or all of such amounts, subject to paragraph (2). (2) Retention and use of 10 percent of return amount In returning any amounts pursuant to this subsection, a metropolitan city, urban county, unit of general local government, Indian tribe, or insular area, such city, county unit, tribe, or insular area may retain and use for any purpose, at the discretion of such city, county unit, tribe, or insular area and notwithstanding any other provision of this title, an amount not exceeding 1/10 of the total of such amounts otherwise to be returned. (3) Treatment of future grant amounts Any return of amounts pursuant to this subsection shall not in any manner affect the future eligibility of such entity for grant funds under this title or the amount of such grant funds provided. (4) Treatment of returned amounts Any amounts returned to the Treasury pursuant to this subsection shall be covered into the general fund and shall not be reallocated, redistributed, or otherwise made available under this title. .