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. ~ . " . . . .. fþ . , . -.- -- _.- 1.3 Annual Contributions. (a) NotWithstandingany'otber'provisions of this ACC (other than ,paragraph (c) of this Section) or any provisions of any other contract )etweeri the Government and the Local Authority, the Government . ahall not be obligated to make any Annual Contributions or any other payment in respect to the Project in ~cess of $,7R6,ooo.OO Provided, however, that this amount shall be reduced commensurate with any reduction in the number of units under the Housing Assist~nce Payments Contract or pursuant to sny other provision of this ACC. - - . . "." (b) Subject to the max1mum dollar 11mitation in paragraph (a) of' this Section; the Government shall pay Annual Contributions to tbe Local Authority in respect to the Project in an amount' equal to the 8UIII of the following: --, -- ., (1) The amount of housing assistance payments payabl~ during the Fiscal Year (see Sect ton 1.4) by the Local Authority pursuant to the Contract, as authorized in Section 1.2. " . (2) The allowance, in the amount approved by the Gove,rn- for security and utility deposits. _to -.. (3) The allowance, in the amount approved by the Government, for preliminary costs of adminiatration. (4) The allowance, in the amount approved by .for .theregular costs of administration. the Government, --- .-_. _..._- (c) Subject to the maximum amount stated in paragraph (a) of this Section, the Anpual Contribution for any Fiscal Year may include such amount as the Government may determine to be , Decessary to assure that the low-rent character of the Project win be maintained, which amount shall be credited to an account 88intained by the Local Authority or the Government as determined by,the Government, To the extent funds are available in said account. the Annual Contribution for any Fis~al Year'mây exceed the maximum amount stated in paragraph (a) of this Section by such'amount, if any, as may be required for increases reflected in the estimates of required annual contributions applicable to such Fiscal Year as approved by the Government in accordance ,with' Section 1,7 below. Any amount remaining in said account after' payment of the last Annual Contribution with respect to the Project eball be applied by the Government aS,a receipt in accordance with Section 18 of the Act. (d) The Government will make periodic payments on account of the ADnual Contributions upon requisition therefor by the Local Authority in the form prescribed by the Government. Each requisition shall include certifications by the Local Authority that housing assistance payments have been or will be made only with respect to units which: (1) are under lease by Families at the time such housing assistance payments are made except as otherwise provided in the Contract; and . (2) the Local Authority has inspected or caused to be inspected, pursuant to Section 2.7 of Part II of this ACC, within ~ne year prior to the making of such housing assistance payments. (e) F~l1owÍit;i the end of :e.lch Fi~cal Year, ~~e Local Authority shall promptly pay to the Gove~nment, unless other disposition is approved by the, Government, the amount, if any, by which the total, amount of periodic payments during the Fiscal Year exceeds the total amount of the Annual Contribution payable for such Fiscal Year in accordance with this Section. 2 ..