RD new regulations

ID Status Date Public/Private Industry AHACPA Contact
#9196 Closed public Rural Development Les Sparks
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Is the new regulation for for profit entities based on units or subsidy? The regulation says no audit requirement if less than $500,000 are received,  but the letter issued 01/24/2018 still references units?

I attached both, thanks.

Les Sparks

The new rule will reference only subsidy – $500k for audit and 500K for major programs.  IF you have a copy of the proposed chapter 4, then just understand that for some strange reason it still references units and the AUP.  Don’t ask me why, as I have asked and did not get a great answer.  It is confusing.  However, the rule is dollars and will be exactly like HUD.

The draft Handbook should clarify this.


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