Page:United States Statutes at Large Volume 103 Part 2.djvu/982

 103 STAT. 1992 PUBLIC LAW 101-235—DEC. 15, 1989 state and local governments. Reports. (b) DISCLOSURES BY APPLICANTS. —The Secretary shall require the disclosure of information with respect to any application for assist- ance within the jurisdiction of the Department for a project applica- tion submitted to the Secretary or to any State or unit of general local government by any applicant who has received or, in the determination of the Secretary, can reasonably be expected to re- ceive assistance within the jurisdiction of the Department in excess of $200,000 in the aggr^ate during any fiscal year or such lower amount as the Secretary may establish by regulation. Such informa- tion shall include the following: (1) OTHER GOVERNMENT ASSISTANCE. —Information regarding any related assistance from the Federal Government, a State, or a unit of general local government, or any agency or instrumen- tality thereof, that is expected to be made available with respect to the project or activities for which the applicant is seeking assistance. Such related assistance shall include but not be limited to any loan, grant, guarantee, insurance, payment, rebate, subsidy, credit, tax benefit, or any other form of direct or indirect assistance. (2) INTERESTED PARTIES. —The name and pecuniary interest of any person who has a pecuniary interest in the project or activities for which the applicant is seeking assistance. Persons with a pecuniary interest in the project or activity shall include but not be limited to any developers, contractors, and consult- ants involved in the application for assistance or the planning, development, or implementation of the project or activity. For purposes of this paragraph, residency of an individual in hous- ing for which assistance is being sought shall not, by itself, be considered a pecuniary interest. (3) EXPECTED SOURCES AND USES. —A report satisfactory to the Secretary of the expected sources and uses of funds that are to be made available for the project or activity. (c) UPDATING OF DISCLOSURE. —During the period when an applica- tion is pending or assistance is being provided, the applicant shall update the disclosure required under the previous subsection within 30 days of any substantia change. (d) LIMITATION OF ASSISTANCE. — The Secretary shall certify that assistance within the jurisdiction of the Department to any housing project shall not be more than is necessary to provide affordable housing after taking account of assistance described in subsection (b)(l). ITie Secretary shall adjust the amount of assistance awarded or allocated to an applicant to compensate in whole or in part, as the Secretary determines to be appropriate, for any changes reported under subsection (c). (e) ADMINISTRATIVE REMEDIES. —I f the Secretary receives or ob- tains information providing a reasonable basis to believe that a violation of subsection (b) or (c) has occurred, the Secretary shall— (1) in the case of a selection that has not been made, deter- mine whether to terminate the selection process or take other appropriate actions; and (2) in the case of a selection that has been made, determine whether to— (A) void or rescind the selection, subject to review and determination on the record after opportunity for a hear- ing;

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