1. Regulations
  2. title 24
  3. chapter VIII
  4. part 891
  5. subpart E
  6. subjgrp 4
  7. § 891.710

View all text of Subjgrp 4 [§ 891.655 - § 891.790]

§ 891.710 - Term of PAC.

The term of the PAC shall be 20 years. If the project is completed in stages, the term of the PAC for each stage shall be 20 years. The term of the PAC for stages of a project shall not exceed 22 years.

AUTHORITY: 12 U.S.C. 1701q; 42 U.S.C. 1437f, 3535(d), and 8013.

SOURCE: 61 FR 11956, Mar. 22, 1996, unless otherwise noted.

CITE AS: 24 CFR 891.710