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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 42 U.S.C. § 12753 Penalties for misuse of funds us united_states_code code_section 42 THE PUBLIC HEALTH AND WELFARE 130 NATIONAL AFFORDABLE HOUSING 12753 42 U.S.C. § 12753 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip /us/usc/t42/s12753 data/legal/raw/us/code/title-42/usc42.xml 5c618a096c1ba2a332bf355803f86c94601c5ad113f3d5cd35bdf406a307046e 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e 6c4a935942813976fa59f7df63b9baec95531443bcc5e416c4bfa93fe87d97e3 2026-07-04 official
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42 U.S.C. § 12753 - Penalties for misuse of funds

Text

If the Secretary finds after reasonable notice and opportunity for hearing that a participating jurisdiction has failed to comply substantially with any provision of this part and until the Secretary is satisfied that there is no longer any such failure to comply, the Secretary shall reduce the line of credit in the participating jurisdictions HOME Investment Trust Fund by the amount of any expenditures that were not in accordance with the requirements of this subchapter, and the Secretary may—

(1) prevent withdrawals from the participating jurisdictions HOME Investment Trust Fund for activities affected by such failure to comply;

(2) restrict the participating jurisdictions activities under this subchapter to activities that conform to one or more model programs made available under section 12743 of this title; or

(3) remove the participating jurisdiction from participation in allocations or reallocations of funds made available under this part.

(Pub. L. 101625, title II, § 223, Nov. 28, 1990, 104 Stat. 4112.)