13.07.2015 Views

ADMINISTRATIVE PLAN - San Antonio Housing Authority

ADMINISTRATIVE PLAN - San Antonio Housing Authority

ADMINISTRATIVE PLAN - San Antonio Housing Authority

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

PART I: <strong>ADMINISTRATIVE</strong> FEE RESERVE [24 CFR 982.155]The PHA must maintain an administrative fee reserve for the program to pay programadministrative expenses in excess of administrative fees paid by HUD for a PHA fiscal year. Iffunds in the administrative fee reserve are not needed to cover PHA administrative expenses, thePHA may use these funds for other housing purposes permitted by Federal, State and local law.If the PHA has not adequately administered any Section 8 program, HUD may prohibit use offunds in the administrative fee reserve, and may direct the PHA to use funds in the reserve toimprove administration of the program or to reimburse ineligible expenses. HUD also mayprohibit use of the funds for certain purposes.HUD requires the PHA Board of Commissioners or other authorized officials to establish themaximum amount that may be charged against the administrative fee reserve without specificapproval.PHA PolicyExpenditures from the administrative fee reserve will be made in accordance with allapplicable Federal requirements. Expenditures will not exceed $50,000 per occurrencewithout the prior approval of the PHA’s Board of Commissioners.© Copyright 2008 Nan McKay & Associates, Inc. Page 16-2Revised/Approved 04/08/10 (Eff: 07/01/10)Unlimited copies may be made for internal use.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!