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<br /> Communities will adhere to Section 5304(f) of Title I of the Housing and Community <br /> Development Act of 1974, as amended. Communities shall prepare a written Environmental <br /> Assessment on their activities in accordance with 24 C.F.R. Part 58, Subpart F. When the <br /> Environmental Assessment is completed, Communities must follow one of the fol/owing two (2) <br /> procedures. . The first is a Finding of Significant Impact, in which the Request for Release of <br /> Funds for the project is an action which may significantly affect the quality of the human <br /> environment. If this is the case, Communities must then prepare an Environmental Impact <br /> Statement in accordance with Subpart H or Subpart I of 24 C.F ,R Part 58. The second and <br /> more common procedure must be followed for all projects not requiring an Environmental <br /> Impact Statement. Communities in this instance must publish, in the manner prescribed in 24 <br /> C.F.R. Sections 58.43 and 58.44, a combined legal notice in a single publication: A Finding <br /> of No Significant Impact, and a Notice of Intent to Request Release of Funds. In the first part <br /> of this notice, Communities certify that, as a result of the Environmental Assessment, the project <br /> is not an action which mayor will significantly affect the quality of the human environment. <br /> Contractor shall then provide the public with at least 15 calendar days to comment on this <br /> combined notice following its publication date, unless exceptional circumstances exist as <br /> specified in 24 C.F.R. Section 58.46. <br /> Communities must comply with all other applicable environmental requirements as specified in <br /> Exhibit A of this revolving loan fund guideline. Communities shall document their compliance <br /> with such other requirements in their environmental review files. <br /> Administration <br /> Communities are allowed to retain a percentage ..of the recaptured program income for <br /> administration costs of the RLF. The allowable percent which the city/county may retain shall <br /> be the greater of the percent which was applicable for administration under the original contract <br /> to the city/county or ten percent (10%). <br /> If more than one original contract has been awarded, then the administration costs should be <br /> traced back on a pro-rata basis to each original contract that resulted in the program income. <br /> Uniform Administrative. Requirements. Cost <br /> Principles, and Audit <br /> <br /> Communities must comply with the Office of Management and Budget (OMB) Circular A-102. <br /> The allowableness of costs incurred for performances rendered hereunder shall be determined <br /> in accordance with OMB Circular A-87, by the rules promulgated by the Office of the Governor <br /> under the Uniform Grants and Contract Management Act of 1981 t (hereinafter referred to as the <br /> Management Standards). <br /> Communities must comply with the standards set forth in Attachment E of OMB Circular A-102 <br /> as supplemented by Section 5.156 of the Management Standards to account for program <br /> income. <br /> - 9- <br />