[Code of Federal Regulations]
[Title 24, Volume 4]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR902.30]

[Page 264-265]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 
               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 902--PUBLIC HOUSING ASSESSMENT SYSTEM--Table of Contents
 
            Subpart C--PHAS Indicator #2: Financial Condition
 
Sec. 902.30  Financial condition assessment.


    (a) Objective. The objective of the Financial Condition Indicator is 
to measure the financial condition of a PHA for the purpose of 
evaluating whether it has sufficient financial resources and

[[Page 265]]

is capable of managing those financial resources effectively to support 
the provision of housing that is decent, safe, sanitary and in good 
repair.
    (b) Financial reporting standards. A PHA's financial condition will 
be assessed under this indicator by measuring the PHA's entity-wide 
performance in each of the components listed in Sec. 902.35, on the 
basis of the annual financial report provided in accordance with 
Sec. 902.33.