C.F.R. » Title 24 » CHAPTER IX—OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT › PART 982—SECTION 8 TENANT-BASED ASSISTANCE: HOUSING CHOICE VOUCHER PROGRAM › Subpart D—Annual Contributions Contract and PHA Administration of Program

24 C.F.R. § 982.156

Depositary for program funds

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(a) Unless otherwise required or permitted by HUD, all program receipts must be promptly deposited with a financial institution selected as depositary by the PHA in accordance with HUD requirements.

(b) The PHA may only withdraw deposited program receipts for use in connection with the program in accordance with HUD requirements.

(c) The PHA must enter into an agreement with the depositary in the form required by HUD.

(d)(1) If required under a written freeze notice from HUD to the depositary:

(i) The depositary may not permit any withdrawal by the PHA of funds held under the depositary agreement unless expressly authorized by written notice from HUD to the depositary; and

(ii) The depositary must permit withdrawals of such funds by HUD.

(2) HUD must send the PHA a copy of the freeze notice from HUD to the depositary.

(Approved by the Office of Management and Budget under control number 2577-0169) [60 FR 34695, July 3, 1995, as amended at 60 FR 45661, Sept. 1, 1995]
Notes of Decisions
Cited in 1 case, 2019–2019 · leading case: Weeks v. United States (Fed. Cl. 2019).
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Weeks v. United States (Fed. Cl. 2019). · cites it 2× “PX 14 at 1; accord 24 C.F.R. § 982.156 (d). C. HUD Reviews the Opp Housing Authority On June 7, 2010, HUD began reviews of the Opp Housing Authority’s program management and civil rights compliance.”
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