CDBG Grant Return Act of 2014

CDBG Grant Return Act of 2014 - Amends the Housing and Community Development Act of 1974 to authorize any metropolitan city, urban county, local government, Indian tribe, or insular area that directly or indirectly receives amounts from a community development block grant (CDBG), at its sole discretion, to return to the Treasury any or all of such amounts.

Allows each entity, at its discretion, to retain and use for any purpose up to 10% of such returned funds.

Requires the returned funds to be covered into the Treasury General Fund. Prohibits them from being reallocated, redistributed, or otherwise made available under the Act.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5653 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5653

To provide for recipients of community development block grant funds to 
    return such funds to the Treasury of the United States without 
                   prejudice, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 18, 2014

  Mr. Salmon introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To provide for recipients of community development block grant funds to 
    return such funds to the Treasury of the United States without 
                   prejudice, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``CDBG Grant Return Act of 2014''.

SEC. 2. RETURN OF UNUSED GRANT FUNDS.

    Section 106 of the Housing and Community Development Act of 1974 
(42 U.S.C. 5306) is amended by adding at the end the following new 
subsection:
    ``(g) Return of Unused Grant Funds.--
            ``(1) Authority.--Any metropolitan city, urban county, unit 
        of general local government, Indian tribe, or insular area that 
        directly or indirectly receives amounts pursuant to this 
        section may, at the sole discretion of such entity, return to 
        the Treasury any or all of such amounts, subject to paragraph 
        (2).
            ``(2) Retention and use of 10 percent of return amount.--In 
        returning any amounts pursuant to this subsection, a 
        metropolitan city, urban county, unit of general local 
        government, Indian tribe, or insular area, such city, county 
        unit, tribe, or insular area may retain and use for any 
        purpose, at the discretion of such city, county unit, tribe, or 
        insular area and notwithstanding any other provision of this 
        title, an amount not exceeding \1/10\ of the total of such 
        amounts otherwise to be returned.
            ``(3) Treatment of future grant amounts.--Any return of 
        amounts pursuant to this subsection shall not in any manner 
        affect the future eligibility of such entity for grant funds 
        under this title or the amount of such grant funds provided.
            ``(4) Treatment of returned amounts.--Any amounts returned 
        to the Treasury pursuant to this subsection shall be covered 
        into the general fund and shall not be reallocated, 
        redistributed, or otherwise made available under this title.''.
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