[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: 24CFR969.103]



[Page 530]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 969_PHA-OWNED PROJ- ECTS_CONTINUED OPERATION AS LOW-INCOME HOUSING 

AFTER COMPLETION OF DEBT SERVICE--Table of Contents

 

Sec.  969.103  Definitions.



    (a) ``ACC expiration date'' means the last day of the term during 

which a particular public housing project is subject to all or any of 

the provisions of the ACC. The ACC term for a particular project expires 

at the latest of:

    (1) The end of the ``Debt Service Completion Date,'' which is the 

last day of a one-year period beginning with, and inclusive of, the last 

debt service Annual Contribution Date for the project, as determined 

under the ACC (e.g., if the last debt service Annual Contribution Date 

is June 15, 1983, the one-year period continues through the end of the 

day on June 14, 1984, which is the Debt Service Completion Date); or

    (2) The end of the date of full repayment of any indebtedness of the 

PHA to the Federal government in connection with the project; or

    (3) The end of the last date of an extension of the term of the ACC 

provisions related to project operation, as effected under Sec.  969.105 

or Sec.  969.106.

    (b) ``Operating subsidy'' means additional annual contributions for 

operations under section 9 of the Act.