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<br />. <br /> <br />. <br /> <br />B. The Nominating Entities will be paid on an advance basis provided that they <br />minimize the time elapsing between transfer of the grant funds and disbursement for <br />project purposes and otherwise follow the requirements of 24 CFR Part 85 and TreasUlY <br />Circular 1075 (31 CFR Part 205). <br /> <br />ARTICLE Iv. Progress Repolis. <br /> <br />A. The Nominating Entities shall submit annual reports on progress against the EZ <br />Strategic Plan, as required in 24 CFR 598.415. Annual reports shall be in a format <br />required by HUD. <br /> <br />B. Revocation of designation. The Secretary may revoke the designation on the basis <br />of the periodic progress determination described at CFR 24598.420, subject to the <br />requirements of598.430 (c), (d), and (e). <br />