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§970.35. Reports and records.

24 C.F.R. § 970.35

(a)
After HUD approval of demolition or disposition of all or part of a project, the PHA shall provide information on the following:
(1)
Actual completion of each demolition contract by entering the appropriate information into HUD's applicable data system, or providing the information by another method HUD may require, within a week of making the final payment to the demolition contractor, or expending the last remaining funds if funded by force account;
(2)
Execution of sales or lease contracts by entering the appropriate information into HUD's applicable data system, or providing the information by another method HUD may require, within a week of execution;
(3)
The PHA's use of the proceeds of sale by providing a financial statement showing how the funds were expended by item and dollar amount;
(4)
Amounts expended for closing costs and relocation expenses, by providing a financial statement showing this information for each property sold; and
(5)
Such other information as HUD may from time to time require.
(b)
[Reserved]
Notes, amendments, and revision history

Authority

Authority: 42 U.S.C. 1437p and 3535(d).

Source

Source: 71 FR 62362, Oct. 24, 2006, unless otherwise noted.