Urgent: Cut-off Date to Drawdown Funds
Fiscal Year 2009 grant funds are expiring at the end of this month. The cut-off date for a grantee to approve a drawdown of these funds is September 16, 2016. For other funds not approaching expiration, grantees can continue to enter draw down requests to September 28th and the draw will be processed before HUD’s accounting system closes. If a disbursement is received by the Line of Credit Control System (LOCCS) (directly, or via IDIS or DRGR) after September 28th, the request will not be processed until HUD’s accounting system is reopened. HUD’s accounting system is expected to reopen in early October.