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Agenda - 02-18-1986
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Agenda - 02-18-1986
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10/6/2016 11:26:00 AM
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BOCC
Date
2/18/1986
Meeting Type
Regular Meeting
Document Type
Agenda
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- I <br /> _ reduction in the amount of contract authority for a project. BUD <br /> notice of the revision shall constitute an amendment of Exhibit I, <br /> - and the revised Exhibit I supersedes any previous Exhibit I far the <br /> Program. <br /> F. ACC Reserve Account. An A C C reserve account may be <br /> established and maintained by BUD in an amount as determined by <br /> BUD. The ACC reserve account may be used by H U D far payment <br /> of any portion of the annual contribution payment approved by <br /> BUD. <br /> G. Portability Procedures: Preliminary Fee-of Receiving PHA. _ In <br /> addition to the maximum annual contribution commitment under <br /> section 1.3.D, and payments from the ACC reserve account under <br /> action 1.3.F, BUD may approve additional annual cant ibution <br /> -peym eats to the PHA for the purpree of paying preliminary fees to <br /> another PHA acting as Receiving PEA in accordance with HUD <br /> requirements under the portability procedures. <br /> B. Limit on Total Payments for Project. The total of annual <br /> contributions payments by BUD for each project (nc'uxling any <br /> payments from the ACC reserve account as provided in section <br /> 1.3.F, but rot including any payments under section 1.3.G) shall rot <br /> be more than five times the Maximum Annual Contribution <br /> Com mitmennt for the project <br /> 1.4. ACC. <br /> A. This ACC fear the Program consists of this ACC Part I (including <br /> Exhibit 1) and the form ACC Part II prescribed by BUD for the <br /> 'Rous'ing Certificate Program and Housing Voucher Program, <br /> designated as form BUD 52520 E, and dated June 1985. The <br /> locum ents constitute the whale ACC fcr the Program. <br /> • <br /> Page 3 of 5 pages HUD 52520 D (June 1985) <br />
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