[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: 24CFR990.320]

[Page 708]
 
                 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 C--Project-Based Accounting
 
Sec. 990.320  Certifications.

    (a) The PHA shall certify, by the effective date specified in 
Sec. 990.325, in a form acceptable to HUD, that the PHA is aware of and 
is taking steps to implement project-based accounting and will produce 
the fiscal year-end reports required under Sec. 990.315. The 
certification shall identify each project or other cost center, the 
basis upon which each project or other cost center has been established 
and determined to be in compliance with the definitions of Sec. 990.305, 
above, and where a cost center consists of units in two or more projects 
(as identified by HUD-assigned development project number) the PHA shall 
identify the individual development project numbers, the number of 
units, and a characterization (i.e., high-rise family, mid-rise family, 
scattered-site, etc.) of each numbered project included in the cost 
center.
    (b) A certification made in accordance with this section shall be 
updated if the PHA deletes units, adds additional units or projects (as 
identified by HUD-assigned development project numbers) to its 
inventory, or otherwise elects to reconfigure its system of cost 
centers.

(Approved by the Office of Management and Budget under control number 
2577-0159)