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A TRUE Copy CERTIFICATION CRI LAST PAGE J . K . BARTON , CLERK Applicant : Indian River County Board of Commissioners 32960 Project : FL-509 - Ren - New Chronics FL0119C4H090802 Sec . 582 . 400 Grant agreement . (a ) General . The grant agreement will be between HUD and the recipient . HUD will hold the recipient responsible for the overall administration of the program , including overseeing any subrecipients or contractors . Under the grant agreement , the recipient must agree to operate the program in accordance with the provisions of this part and other applicable HUD regulations . ( b ) Enforcement . HUD will enforce the obligations in the grant agreement through such action as may be necessary , including recapturing assistance awarded under the program . Sec . 582 . 405 Program changes . ( a ) Changes . HUD must approve , in writing , any significant changes to an approved program . Significant changes that require approval include , but are not limited to , a change in sponsor, a change in the project site for SRO or PRA with rehabilitation projects , and a change in the type of persons with disabilities to be served . Depending on the nature of the change , HUD may require a new certification of consistency with the CHAS (see Sec . 582 . 120 ) . ( b ) Approval . Approval for such changes is contingent upon the application ranking remaining high enough to have been competitively selected for funding in the year the application was selected . Sec . 582 . 410 Obligation and deobligation of funds . ( a ) Obligation of funds . When HUD and the applicant execute a grant agreement , HUD will obligate funds to cover the amount of the approved grant. The recipient will be expected to carry out the activities as proposed in the application . After the initial obligation of funds , HUD is under no obligation to make any upward revisions to the grant amount for any approved assistance . ( b ) Deobligation . ( 1 ) HUD may deobligate all or a portion of the approved grant amount if such amount is not expended in a timely manner , or the proposed housing for which funding was approved or the supportive services proposed in the application are not provided in accordance with the approved application , the requirements of this part , and other applicable HUD regulations . The grant agreement may set forth other circumstances under which funds may be deobligated , and other sanctions may be imposed . ( 2 ) HUD may readvertise , in a notice of fund availability , the availability of funds that have been deobligated , or may reconsider applications that were submitted in response to the most recently published notice of fund availability and select applications for funding with the deobligated funds . Such selections would be made in accordance with the selection process described in Sec . 582 . 220 of this part . Any selections made using deobligated funds will be subject to applicable appropriation act requirements governing the use of deobligated funding authority . (Approved by the Office of Management and Budget under control number 2506 -0118 ) Consolidated Grant Agreement Page 21 03/08/2010