Code of Maine Rules
19 - DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT
498 - OFFICE OF TOURISM AND COMMUNITY DEVELOPMENT
Chapter 19 - COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM: 2000 FINAL STATEMENT
Section 498-19-5 - REDISTRIBUTION OF GRANT FUNDS
Current through 2024-38, September 18, 2024
This section describes the methods by which undistributed funds, disencumbered funds, additional funds received from HUD, and program income will be redistributed.
A. ADMINISTRATIVE REDISTRIBUTION OF GRANT FUNDS
Unexpended funds remaining in the grantee's CDBG account at grant closeout, funds remaining in a grantee's award but not drawndown upon grant closeout and funds returned to DECD because of disallowed costs may be added to any open CDBG contract, used to make additional awards in any 2000 CDBG program or added to the available monies for the 2000 or 2001 competition.
In no case will the total of the original grant award and any redistributed funds to that grant exceed the maximum grant award for that program.
B. PROGRAM INCOME
As used in this Proposed Statement, "Program Income" means the gross income received by a grantee from any grant-supported activity. Applicants will refer to the CDBG Regulations and the Maine Office of Community Development policies on program income.