RD new regulations

ID Status Date Public/Private Industry AHACPA Contact
#9196 Closed public Rural Development Les Sparks
Customer Reply

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.

Les

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