§ 970.35. Reports and records.
166 words·~1 min read·
/us/cfr/t24/s§ 970.35·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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)\[Reserved\]