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Recommendation Details
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
Recommendation Status
Recommendation Questioned Costs
Recommendation Funds for Better Use
Associated Report Details
Submitting OIG
Report Title
Corporacion para el Fomento Economico 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
Report Date Issued
Thursday, September 15, 2005
Report Questioned Costs
Report Funds for Better Use