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This entry was published on 2014-09-22
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SECTION 51-A
Federal rental assistance program administrative fees
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 3
§ 51-a. Federal rental assistance program administrative fees. All
administrative fee monies received by the agency from the federal
government pursuant to section eight of the United States housing act of
1937, as amended by the Housing and Community Development Act of 1974
and subsequent amendments, shall be allocated according to the following
schedule:

1. ninety percent of such fees shall be allocated to the
not-for-profit corporations or local government agencies providing
services under such section eight;

2. ten percent of such fees shall be retained by the state and unless
otherwise allocated pursuant to an agreement between the agency and the
division of housing and community renewal:

(a) ninety-five percent of such amount shall be allocated to the
division of housing and community renewal; and

(b) five percent shall be retained by the agency.