[Code of Federal Regulations]

[Title 24, Volume 4]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR902.30]



[Page 270-271]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, 

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 902_PUBLIC HOUSING ASSESSMENT SYSTEM--Table of Contents

 

            Subpart C_PHAS Indicator #2: Financial Condition

 

Sec.  902.30  Financial condition assessment.





    (a) Objective. The objective of the Financial Condition Indicator is 

to measure the financial condition of a PHA for the purpose of 

evaluating whether it has sufficient financial resources and



[[Page 271]]



is capable of managing those financial resources effectively to support 

the provision of housing that is decent, safe, sanitary and in good 

repair.

    (b) Financial reporting standards. A PHA's financial condition will 

be assessed under this indicator by measuring the PHA's entity-wide 

performance in each of the components listed in Sec.  902.35, on the 

basis of the annual financial report provided in accordance with Sec.  

902.33.