Common use of Capital Funds Program Clause in Contracts

Capital Funds Program. A. The HABC’s formula characteristics and grant amount will continue to be calculated in accordance with applicable law and regulations. B. For capital funds provided in years prior to the execution of this Restated Agreement, the HABC may submit, and HUD will, as permitted by law, approve, a request to reprogram, by grant year, any unobligated funds for eligible MTW purposes. Such requests will be made in accordance with current procedures governing amendments to the Annual MTW Plan, except that no public consultation will be necessary prior to submission of the request. C. All funds programmed for MTW purposes will be recorded and drawn from MTW- designated line items on relevant HUD forms.

Capital Funds Program. A. The HABCPHA’s formula characteristics and grant amount will continue to be calculated in accordance with applicable law and regulations. B. For capital funds provided in years prior to the execution of this Restated Agreement, the HABC PHA may submit, and HUD will, as permitted by law, approve, a request to reprogram, by grant year, any unobligated funds for eligible MTW purposes. Such requests will be made in accordance with current procedures governing amendments to the Annual MTW Plan, except that no public consultation will be necessary prior to submission of the request. C. All funds programmed for MTW purposes will be recorded and drawn down from MTW- MTW-designated line items on relevant HUD forms.