[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: 24CFR968.115] [Page 507] TITLE 24--HOUSING AND URBAN DEVELOPMENT CHAPTER IX--OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PART 968_PUBLIC HOUSING MODERNIZATION--Table of Contents Subpart A_General Sec. 968.115 Modernization and energy conservation standards. All improvements funded under this part shall: (a) Meet the modernization standards as prescribed by HUD; (b) Incorporate cost-effective energy conservation measures, identified in the PHA's most recently updated energy audit, conducted pursuant to part 965, subpart C; (c) Where changing or installing a new utility system, conduct a life-cycle cost analysis, reflecting installation and operating costs; and (d) Provide decent, safe, and sanitary living conditions in PHA- owned and PHA-operated public housing. [61 FR 8740, Mar. 5, 1996]