| ID | Status | Date | Public/Private | Industry | AHACPA Contact |
|---|---|---|---|---|---|
| #10704 | Closed | public | Multifamily | _General Support |
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A Property in 2018 made disallowed distributions in the second half of the year (distributed more than surplus cash at 6.30.18), but at year end, surplus cash is more than the disallowed distributions. Are they permitted to make a distribution at year end for the surplus cash over the disallowed distributions? And is this considered a finding? The regulatory agreement is the HUD-92466M (6/14). Are the rules more relaxed under this regulatory agreement? I don’t see where it is stated in the agreement for the more relaxed rules. Thanks! |
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