§401.303. PRA indemnity provisions for SHFAs and HAs.
24 C.F.R. § 401.303
When a PRA requires HUD to indemnify a PAE in accordance with section 513(a)(2)(G) of MAHRA, any payment under this indemnity is contingent upon the availability of funds that are permitted by law to be used for this purpose.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 1715z-1 and 1735f-19(b); 42 U.S.C. 1437(c)(8), 1437f(t), 1437f note, and 3535(d).
Source
Source: 65 FR 15485, Mar. 22, 2000, unless otherwise noted.