[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: 24CFR965.507]



[Page 477]

 

                 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 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).