[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: 24CFR965.305]



[Page 472]

 

                 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 C_Energy Audits and Energy Conservation Measures

 

Sec.  965.305  Funding.



    (a) The cost of accomplishing cost-effective energy conservation 

measures, including the cost of performing energy audits, shall be 

funded from operating funds of the PHA to the extent feasible. When 

sufficient operating funds are not available for this purpose, such 

costs are eligible for inclusion in a modernization program, for funding 

from any available development funds in the case of projects still in 

development, or for other available funds that HUD may designate to be 

used for energy conservation.

    (b) If a PHA finances energy conservation measures from sources 

other than modernization or operating reserves, such as a loan from a 

utility entity or a guaranteed savings agreement with a private energy 

service company, HUD may agree to provide adjustments in its calculation 

of the PHA's operating subsidy eligibility under the PFS for the project 

and utility involved based on a determination that payments can be 

funded from the reasonably anticipated energy cost savings (See Sec.  

990.107(g) of this chapter).



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