Text of Recommendation | Recover from the borrowers and reimburse $1,080,242 to the applicable loan guarantee account from non-Federal funds for ineligible disbursements that were not related to the approved projects and used to finance local government operations. |
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Recommendation Number | 2015-AT-1001-002-A |
Recommendation Status | Open |
Recommendation Questioned Costs | $1,080,242 |
Recommendation Funds for Better Use | $0 |
Submitting OIG | |
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Report Title | The Office of the Commissioner for Municipal Affairs Needs To Make Improvements in Administering Its Section 108 Loan Guarantee Program |
Report Submitting OIG-Specific Report Number | 2015-AT-1001 |
Report Date Issued | Thursday, December 4, 2014 |
Report Questioned Costs | $0 |
Report Funds for Better Use | $0 |