Orange County NC Website
Browse       Search
4 <br /> ACC Part I Numbers A-2903-E <br /> U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT <br /> SECTION 8 EXISTING <br /> CONSOLIDATED ANNUAL CONTRIBUTIONS CONTRACT <br /> PART I <br /> for <br /> .HOUSING CERTIFICATE PROGRAM <br /> 1.1. DEFINITIONS. <br /> A. ACC. <br /> As used in Part I of this CACC, "ACC" means the Annual <br /> Contributions Contract for each project. <br /> As used in Part 11 of this CACC, "ACC" means the CACC. <br /> B. Budget Authority, she maximum aggregate amount which may be <br /> paid by HUD for each project in the Program over the duration of <br /> the CACC. Budget Authority is reserved by HUD from amounts <br /> authorized and appropriated by the Congress. (Exhibit II lists <br /> budget authority for projects funded with amounts appropriated in <br /> Federal Fiscal Year 1988 and later years.) <br /> C. CACC. Consolidated Annual Contributions Contract. <br /> D. Contract Authority. The amount of contract authority for each <br /> project is listed in Exhibit I or Exhibit 11 of this CACC Part I <br /> (subject to reduction in accordance with section 1.*.D and section <br /> 2.3 of this CACC). <br /> E. Cost Amendment. An amendment to the CACC which provides <br /> additional contract or budget authority to cover increased Program <br /> Expenditures to maintain the Program at the number of units <br /> originally approved by HOD. <br /> F. Fiscal Year. The PHA Fiscal Year. <br /> ACC Part Is Page 1 of 6 pages <br /> HUD 32520 B (August 1988) <br />