and to detect and prevent waste, fraud, and abuse of funds. (2) Review of performance In exercising the Secretary's obligation and responsibility to review a grantees’s performance, the maximum feasible deference standard under section 570.480(c) of the Secretary’s regulations (24 C.F.R. 570.480(c)) shall not apply to a grantee’s interpretation of the statutory and regulatory requirements. (f) Use of funds (1) Grantee and subgrantee administrative costs A State or unit of general local government receiving a grant under this section, and a grantee or subgrantee of such a State or unit of general local government, may use not more than 5 percent of the amount of grant funds received for administrative costs. (2) Limitation on use Amounts from a grant under this section may not be used for activities reimbursable by, or for which funds are made available by, the Federal Emergency Management Agency, the Army Corps of Engineers, or the Small Business Administration. (3) HUD administrative costs Of any funds made available for use under this section, 5 percent may be used, in aggregate, by the Secretary for necessary costs, including information technology costs, of administering and overseeing the obligation and expenditure of amounts made available for use under this section. (4) Inspector general Of any funds made available for use under this section, 0.5 percent shall be transferred to the Office of the Inspector General for necessary costs of audits, reviews, oversight, evaluation, and investigations relating to amounts made available for use under this section. (5) Independent monitors The Secretary shall require each grantee and subgrantee that receives $10,000,000 or more, in the aggregate, of assistance made available under this section to maintain an independent party to monitor compliance with this section and the regulations issued to carry out this section and any applicable State laws, regulations, and requirements. The costs of providing such an independent monitor shall be considered administrative