[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: 24CFR990.320]

[Page 724-725]
 
                 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

[[Page 725]]

elects to reconfigure its system of cost centers.

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