Orange County NC Website
D. <br />a. <br />1.5 CACC, <br />2. <br />Limit on Total Pa nts for Pr am. The sum of BDD <br />payments under section 1.4.8 for the Program over the <br />duration of the ca= (including any payments free the <br />CACC reserve account as provided in section 1.4.2) shall <br />dot be more than the sum of the budget authority amounts <br />reserved by Em for the projects in the Program fnm <br />amounts authorized and appropriated by the Congress. <br />Reduction of Amount Pa able. Bvp may reduce the amount <br />payable by BDp for any project or for the Pr <br />reduce the amount of the contract authority oorbudgaetauthority <br />for any project, by giving the pHA written notice of reduction in <br />accordance with section 2.3 of this crâ–ºcc. The notice by MW <br />may include a revision of Exhibits I or II to state the reduction in <br />the amount of contract authority or budget authority for a project, <br />CACC Reserve A CACC reserve account shall be <br />establi ve Account and maintained by MD, in au amount as determined by <br />HID consistent with its responsibilities under section 8(c)(6) of the <br />U.S. Housing act of 1937. The CACC reserve account may be used <br />by'WM for payment of any portion of the payment approved by <br />MvD under section 1.4.B for the Fiscal Year. <br />se orate ACC. BUD,s caamitment to make payments for each <br />Project listed in Bzhibit xx shall constitute a separate am. <br />A. The CACC consists of this CACC Part I (including 2xhibits I and <br />Certificate cate Program and HoueLngevoucbber <br />by BUD for the Housing <br />form HIM 52520 -2, and dated Jaau Program, designated as <br />constitute the whole CACC for the Program. These documents <br />ACC Part It Page 5 of 6 pages <br />EM 52520 B (August 1988) <br />L'I <br />N <br />