1975-01 HA - Laserfiche WebLink

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. . . '. . --..- -- ~ 1,4. ~. . . : 1 '~ .. " " . . r Fiscal Year II'ßY exceed the maximum amount st~lted in parar.raph (a) of tlda Section by ~uch amount, if an)', us may be. required íor incrells"s reflccted in the e.stimates of required annual contributions ap?licable to such Fiscal Yellr as approved by the Government in accordance with Section 1.7 below. Any 'amount re",aining in said eccount after pa)'ment of the last Annual Contribution with respect to the. Project shall be applied by the Government as a receipt in accordance with Section 18 of the Act. (d) The Government ",ill make periodic payments on account of the Annual Contributions upon requisition therefor by the Local Authority in the form prescribed by the Government. Each requisition ahall include ce.rtifications by the Local Au- thority that housing assistance payments have been or will be made only ,dth respect to uni~s which: (1) are under lease by Families at the time such housing assistance payments are made except as other\-lise provided in the Contracts; and (2) the Local Authority has inspected or caused to be inspected purHuant to Section 2.7 of Part II of this ACC, \lithin one year prior to thc making of such housing assistance payments. (e) Following the end of each Fiscal Year, the. Lpcal Authority ohall promptly pay to the Government, unless othe.r dis- position is approved by the Governil1Cnt, the. ar.>ount, if any, by which the total emount of periodic payments èuril13 the ¡"Ü:cal Year e"c"eds the total amount of the Annual Contribution payable for such Fiscal Year in accordence \lith this Se.ction. nsclIl Y..ar. The. Fiscal Year for the Project shall be. the i;iscal lenr e.s\;nblished by Se.ction 0.3 of'this ACC; Provided, however, that the first Fiscal Year for the Project oha11 be the period beginning with thO! Date of Execution :md cndú1ß on the las\; day of said estnblishcd Fiscal Year which is not less than 12 months after the. Date of E"e.cution. If the 'first Fiscal Year exceedo 12 monthn, the IIID"j.mum Annual Contri- bution in Section 1. 3(a) may be adjusted by the add'ition of the pro ,rata all'~ullt applicable to the pe.riod of operation in excess of 12 months. 3 ;, " '. . r. , , I