1. Regulations
  2. title 24
  3. chapter VII
  4. part 792
  5. subpart B
  6. § 792.203

View all text of Subpart B [§ 792.201 - § 792.204]

§ 792.203 - Application of amounts recovered.

(a) 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.

(b) 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.

AUTHORITY: 42 U.S.C. 1437f note and 3535(d).

SOURCE: 59 FR 9409, Feb. 28, 1994, unless otherwise noted.

CITE AS: 24 CFR 792.203