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• <br /> 1-4 ganual Ca I CributiOCms c <br /> (a) Notwithstanding any other provisions of this'other contract paragraph and <br /> of ibis Section) or any provisions of any ontrac Cbetw en BUD <br /> or <br /> the FHA, EUI! ;hall not be obligated to make any <br /> payment with respect to any Fiscal Year in excess of the MaxiittU <br /> any other gay¢ project specified in <br /> Annual Contribution Contract Commitment for each p j <br /> Exht)it i. However, this amount shall be reduced commenaurately with any <br /> red4tion in the meaber of ttxcCOatracts.�it 147,46 or <br /> pars nt to any other provision of <br /> the saxi:mum dollar limitation in paragraph (a) of this Section, <br /> (b) S ub j ct to for each Fiscal Tear an Annual Contribution to the PRA in <br /> 8e shall pay l to the sum of the following <br /> rem Ct to each Project ithe amount equal Project Receipts other than <br /> {su'bec t to reduction by Receipts shall be <br /> Ana l Contributions (such as interest income) which <br /> zvaiiable for Project Expenditures): <br /> (1) The amount of housing assistance payments payable during each Fiscal, <br /> Year (see Section 1.5) by the PRA pursuant to the Contracts, as <br /> authorized in Section 1.2. <br /> (2) The allowance, in the amount approved by HUD, for preliminary costs <br /> of administration. <br /> (3) The allowance, in the amount approved by BUD, for the regular costs <br /> of administration including costs of HUD required audits of Owners <br /> and the PRA. <br /> (c) <br /> To assure that housing assistance payments will be increased on a timely <br /> bas 's to cover increases in Contract Rents or decreases in Gross Family <br /> Con ributians: <br /> (1) j A Project Account shall be established and maintained fors each <br /> Project under this ACC, iu an amount as determined by <br /> with its responsibilities under Section 8(c)(6) of the Act, out of <br /> 42ounts by which the 'MAX/121.1m ACC Commitment per year account exceeds a ohsll <br /> paid under the ACC for each Project for any year. <br /> be established and 'maintained by MD as a specifically identified and <br /> segregated account. To the extent funds are available inrthis any <br /> account, the maximum Annual Contribution otherwise payable Huey <br /> Fiscal Year may be increased by an amount, if any, as may Q <br /> for increases reflected in the estimate of required b in <br /> a <br /> Contribution applicable to the Fiscal Year as approved the t�RUT) it <br /> accordance with Section 2.11. Any amount remaining c... u.. <br />