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Y <br />ACC Part 1 Number: A -2903 -- E <br />U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT <br />SECTION B EXISTING <br />CONSOLIDATED ANNUAL CONTRIBUTIONS CONTRACT <br />PART 1 <br />for <br />HOUSING CERTIFICATE PROGRAM <br />A. ACC. <br />As used in Part 1 of this CACC, "ACC' deans 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. The maxieua 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 It 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. ContraciAuthority. The amount of contract authority for each <br />project is listed in Exhibit I or Exhibit II of this CACC Part I <br />(subject to reduction in accordance with section 1.4.1) and section <br />2.3 of this CACC). <br />E. Cost Amendment. An a©enduent 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 HUD. <br />F. Fiscal Tear. The PHA Fiscal Year. <br />ACC Part 1: Page 1 of 6 pages <br />HUD 52520 8 (August 1950) <br />3 <br />