Date Published: March 2012
No. The FY2011 funds must be accounted for separately from the FY2012 funds. Also, HUD must sign the FY11 grant agreement amendment for the second allocation. However, recipients may combine the second allocation of FY2011 funds with FY2012 funds for the purposes of a subrecipient competition, as long as the funds are accounted for separately AND recipients track and meet all of the obligation deadlines separately (60 days for States and 180 days for local jurisdictions and territories).