Duplicated benefits must be applied to allowable costs or remitted
What the document says“``(ii) remit any excess amounts to the Secretary to be credited to the obligated, undisbursed balance of the grant consistent with requirements on Federal payments applicable to such grantee; and”
The new section 124 requires funds to be used in line with section 312 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act. Where use of the funds duplicates a benefit, the grantee must apply an equal amount to allowable costs of the award, remit any excess to the Secretary to be credited to the grant's undisbursed balance, and remit excess found after the period of performance or closeout to the Fund. A grantee that fails to comply or to satisfy penalties is subject to the remedies in section 111, unless the Secretary publishes a finding in the Federal Register that pursuing them is not in the government's best interest.
What the document actually says“``(ii) remit any excess amounts to the Secretary to be credited to the obligated, undisbursed balance of the grant consistent with requirements on Federal payments applicable to such grantee; and”
Extra money must be sent back to the housing agency. It is credited to the part of the grant not yet paid out. Federal payment rules still apply.
A duplicate benefit is help paid twice for the same loss. The first step is to put the amount toward allowed costs. What is left over goes back.
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