Rural Development Raises the Threshold for Requiring Multiple Bids on Reserve for Replacement Work Orders
CARH’s BROADCAST EMAIL—Regulatory Alert December 16, 2024 On December 13, 2024, Rural Development (RD) published Procedural Notice (PN) 632 announcing changes to Chapter 4, Section 4.13 of the MFH Asset Management Handbook (HB-2-3560), which revises the “Withdrawal Approval Process” by changing the threshold for requiring multiple bids on reserve for replacement work orders from $5,000…