[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: 24CFR990.121]

[Page 706]
 
                 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. 990.121  Effect of rescission.

    If there is a rescission of appropriated funds that reduces the 
level of funding under the Public Housing Capital Fund program, to the 
extent that the PHA can document that it is not possible to complete all 
the vacant unit rehabilitation in the PHA's approved Annual Statement, 
the PHA may seek and HUD may grant a waiver for 1 fiscal year to permit 
full eligibility under the Operating Fund Formula for those units 
approved but not funded. (See part 905 of this title for additional 
information regarding the Capital Fund program.)