[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: 24CFR982.151]



[Page 582-583]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 982_SECTION 8 TENANT BASED ASSISTANCE: HOUSING CHOICE VOUCHER PROGRAM

--Table of Contents

 

   Subpart D_Annual Contributions Contract and PHA Administration of 

                                 Program

 

Sec.  982.151  Annual contributions contract.



    Source: 60 FR 34695, July 3, 1995, unless otherwise noted.





    (a) Nature of ACC. (1) An annual contributions contract (ACC) is a 

written contract between HUD and a PHA. Under the ACC, HUD agrees to 

make payments to the PHA, over a specified term, for housing assistance 

payments to owners and for the PHA administrative fee. The ACC specifies 

the maximum payment over the ACC term. The PHA agrees to administer the 

program in accordance with HUD regulations and requirements.

    (2) HUD's commitment to make payments for each funding increment in 

the PHA program constitutes a separate ACC. However, commitments for all 

the funding increments in a PHA program are listed in one consolidated



[[Page 583]]



contractual document called the consolidated annual contributions 

contract (consolidated ACC). A single consolidated ACC covers funding 

for the PHA tenant-based assistance program.

    (b) Budget authority. (1) Budget authority is the maximum amount 

that may be paid by HUD to a PHA over the ACC term of a funding 

increment. Before adding a funding increment to the consolidated ACC for 

a PHA program, HUD reserves budget authority from amounts authorized and 

appropriated by the Congress for the program.

    (2) For each funding increment, the ACC specifies the term over 

which HUD will make payments for the PHA program, and the amount of 

available budget authority for each funding increment. The amount to be 

paid to the PHA during each PHA fiscal year (including payment from the 

ACC reserve account described in Sec.  982.154) must be approved by HUD.



(Approved by the Office of Management and Budget under control number 

2577-0169)



[60 FR 34695, July 3, 1995, as amended at 60 FR 45661, Sept. 1, 1995; 64 

FR 26642, May 14, 1999]