[Code of Federal Regulations]
[Title 24, Volume 4]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR965.507]

[Page 482-483]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 
               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 965_PHA-OWNED OR LEASED PROJECTS_GENERAL PROVISIONS--Table of Contents
 
               Subpart E_Resident Allowances for Utilities
 
Sec. 965.507  Review and revision of allowances.

    (a) Annual review. The PHA shall review at least annually the basis 
on which utility allowances have been established and, if reasonably 
required in order to continue adherence to the standards stated in Sec. 
965.505, shall establish revised allowances. The review shall include 
all changes in circumstances (including completion of modernization and/
or other energy conservation measures implemented by the PHA) indicating 
probability of a significant change in reasonable consumption 
requirements and changes in utility rates.
    (b) Revision as a result of rate changes. The PHA may revise its 
allowances for resident-purchased utilities between annual reviews if 
there is a rate change (including fuel adjustments) and shall be 
required to do so if such change, by itself or together with prior rate 
changes not adjusted for, results in a change of 10 percent or more from 
the rates on which such allowances were

[[Page 483]]

based. Adjustments to resident payments as a result of such changes 
shall be retroactive to the first day of the month following the month 
in which the last rate change taken into account in such revision became 
effective. Such rate changes shall not be subject to the 60 day notice 
requirement of Sec. 965.502(c).