1. Regulations
  2. title 24
  3. chapter IV
  4. part 401
  5. subpart B
  6. § 401.303

View all text of Subpart B [§ 401.200 - § 401.314]

§ 401.303 - PRA indemnity provisions for SHFAs and HAs.

When a PRA requires HUD to indemnify a PAE in accordance with section 513(a)(2)(G) of MAHRA, any payment under this indemnity is contingent upon the availability of funds that are permitted by law to be used for this purpose.

AUTHORITY: 12 U.S.C. 1715z-1 and 1735f-19(b); 42 U.S.C. 1437(c)(8), 1437f(t), 1437f note, and 3535(d).

SOURCE: 65 FR 15485, Mar. 22, 2000, unless otherwise noted.

CITE AS: 24 CFR 401.303