[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: 24CFR990.285]



[Page 724-725]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

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

               DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

 

PART 990_THE PUBLIC HOUSING OPERATING FUND PROGRAM--Table of Contents

 

                       Subpart H_Asset Management

 

Sec.  990.285  Records and reports.



    (a) Each PHA shall maintain project-based budgets and fiscal year-

end financial statements prepared in accordance with GAAP and shall make 

these budgets and financial statements available for review upon request 

by interested members of the public.

    (b) Each PHA shall distribute the project-based budgets and year-end 

financial statements to the Chairman and to each member of the PHA Board 

of Commissioners, and to such other state and local public officials as 

HUD may specify.

    (c) Some or all of the project-based budgets and financial 

statements and



[[Page 725]]



information shall be required to be submitted to HUD in a manner and 

time prescribed by HUD.