| Text of Recommendation | Require the Municipality to obtain and submit all supporting documentation and HUD determine the eligibility and compliance with national objectives of the $631,195 the Corporation disbursed for the four loans. Any amounts determined ineligible must be reimbursed to the Block Grant program from nonfederal funds. |
|---|---|
| Recommendation Number | 2005-AT-1013-003-A |
| Recommendation Status | Open |
| Recommendation Questioned Costs | $631,195 |
| Recommendation Funds for Better Use | $0 |
| Submitting OIG | |
|---|---|
| Report Title | Corporacion para el Fomento EcoNmico de la Ciudad Capital, San Juan, Puerto Rico, Did not Administer Its Independent Capital Fund in Accordance with HUD Requirements. |
| Report Submitting OIG-Specific Report Number | 2005-AT-1013 |
| Report Date Issued | Thursday, September 15, 2005 |
| Report Questioned Costs | $0 |
| Report Funds for Better Use | $0 |