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• <br /> oar <br /> E. Reduction of Amount Payable . BUD may reduce the <br /> amount of the annual contributions payable by BUD <br /> for any project or for the Program, and may <br /> reduce the amount of the contract authority for <br /> any project, by giving the PEA written notice of <br /> reduction to the PEA in accordance with section <br /> 2.3 of this ACC. The notice by BUD may include a <br /> revision of Exhibit I of this ACC Part I to <br /> reflect the reduction in the amount of contract <br /> authority for a project. BUD notice of the <br /> revision shall constitute an amendment of Exhibit <br /> I and the revised Exhibit I supersedes any <br /> previous Exhibit I for the Program. <br /> P. ACC Reserve Account. An ACC reserve account <br /> shall be established and maintained by BUD, in an <br /> amount as determined by BUD consistent with its <br /> responsibilities under section 8(c) (6) of the <br /> D.S. Housing Act of 1937. The ACC reserve <br /> account may be used by BUD for payment of any <br /> portion of the annual contribution payment <br /> approved by HUD. <br /> 1.8. ACC. <br /> A. This ACC consists of this ACC Part I (including <br /> Ezbibit I) and the form ACC Part II prescribed by <br /> BUD for the Housing Certificate Program and <br /> Housing Voucber Program, designated as form BUD <br /> 52520 E, and dated Jane 1985. These documents <br /> constitute the whole ACC for the Program. <br /> Page 4 of 6 pages HUD 52520 B (June 1985) <br />