[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: 24CFR990.101]

[Page 686]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 
               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 990--THE PUBLIC HOUSING OPERATING FUND PROGRAM--Table of Contents
 
                  Subpart A--The Operating Fund Formula
 
Sec. 990.101  Purpose.

    Source: 66 FR 17287, Mar. 29, 2001, unless otherwise noted.


    This subpart implements section 9(f) of the United States Housing 
Act of 1937 (42 U.S.C. 1437g) (referred to as ``the 1937 Act''). Section 
9(f) establishes an Operating Fund for the purposes of making assistance 
available to public housing agencies (PHAs) for the operation and 
management of public housing. The assistance made available from the 
Operating Fund is determined using a formula developed through 
negotiated rulemaking procedures. This subpart describes the policies 
and procedures for operating subsidy calculations under the Operating 
Fund Formula.