[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: 24CFR943.124]



[Page 393]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 943_PUBLIC HOUSING AGENCY CONSORTIA AND JOINT VENTURES--Table of 

Contents

 

                           Subpart B_Consortia

 

Sec.  943.124  What elements must a consortium agreement contain?



    (a) The consortium agreement among the participating PHAs governs 

the formation and operation of the consortium. The consortium agreement 

must be consistent with any payment agreements between the participating 

PHAs and HUD and must specify the following:

    (1) The names of the participating PHAs and the program categories 

each PHA is including under the consortium agreement;

    (2) The name of the lead agency;

    (3) The functions to be performed by the lead agency and the other 

participating PHAs during the term of the consortium;

    (4) The allocation of funds among participating PHAs and 

responsibility for administration of funds paid to the consortium; and

    (5) The period of existence of the consortium and the terms under 

which a PHA may join or withdraw from the consortium before the end of 

that period. To provide for orderly transition, addition or withdrawal 

of a PHA and termination of the consortium must take effect on the 

anniversary of the consortium's fiscal year.

    (b) The agreement must acknowledge that the participating PHAs are 

subject to the joint PHA Plan submitted by the lead agency.

    (c) The agreement must be signed by an authorized representative of 

each participating PHA.