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Agenda - 08-05-1991
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Agenda - 08-05-1991
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11/8/2017 11:46:37 AM
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BOCC
Date
8/5/1991
Meeting Type
Regular Meeting
Document Type
Agenda
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II <br />2. WEIt on Total Pa ment>s for Pro rani. The sus of HUD <br />Payments under section 1.4.6 for the Program over the <br />duration of the CACC (including any payments from the <br />CACC reserve Account as provided in section 1.4.E) shall <br />not be more than the sum of the budget authority amounts <br />reserved by HUD for the projects in the Progran from <br />amounts authorized and appropriated by the Congress. <br />D. Reduction of Amount Pa able. HUD may reduce the amount <br />payable by HUD for any project or for the Program, and-may <br />reduce the amount of the contract authority or budget authority <br />for any project, by giving the PHA written notice of reduction in <br />accordance with section 2.3 of this CACC. The notice by HUD <br />may include a revision of Exhibits 1 or 11 to state the reduction in <br />the amount of contract authority or budget authority for a' project. <br />E. CACC Reserve Account. A CACC reserve account shall be <br />established and maintained by HUD, in an amount as determined by <br />HUD consistent with its responsibilities under section 6(c)(6) of the <br />U.S. Housing Act of 1937. The CACC reserve account may be used <br />by HUD for payment of any portion of the payment approved by <br />HUD under section 1.4.8 for the Fiscal Year. <br />F. a arale ACC. HUD's commitment to make payments for each <br />project listed in Exhibit If shall constitute a separate ACC. <br />1.5 CACC. <br />A. The CACC consists of this CACC Part 1 (including Exhibits 1 and <br />11) and the form ACC Part If prescribed by HUD for the Housing <br />Certificate Program and Housing Voucher Progra-3, designated as <br />form HUD 52520 -E, and dated January 1990. These documents <br />constitute the whole CACC for the Program. <br />ACC Part l; Page 5 of 6 pages <br />HUD 52520 S (August 18x8) <br />
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