APPROVED WITH
THE UNDERSTANDING THAT HUD IS PROGESSING IN THE IMPLEMENTATION OF A
PAYMENT SYSTEM BASED ON REIMBURSING IHAs AND PHAs BASED ON INVOICES
ON HAND, RATHER THAN THE CURRENT ADVANCE LOAN PROCEDURES. FURTHER,
OMB UNDERSTANDS THAT ALL IHAs ARE CURRENTLY UNDER THIS NEW SYSTEM
AND THAT HUD WILL SUBMIT TO OMB, BY THE CLOSE OF THIS FISCAL YEAR,
A DETAILED WORKPLAN (INCLUDING MILESTONES AND TIMETABLES) TO
IMPLEMENT THIS NEW PAYMENT SYSTEM FOR ALL PHAs. WE HOPE THAT ALL
PHAs WILL BE INCLUDED IN THIS NEW PAYMENT SYSTEM BY THE CLOSE OF FY
1988. IF HUD DISCERNS THAT THERE WILL BE DELAYS IN IMPLEMENTATION
OF THE NEW SYSTEM FOR PHAs, OR THAT THE WORKPLAN WILL NOT BE
AVAILABLE TO OMB BY THE CLOSE OF THIS FISCAL YEAR, IT IS TO INFORM
OMB AS SOON AS POSSIBLE AND ARRANGE A BRIEFING OF OMB STAFF ON THE
REASONS FOR THE DELAY AND THE NEW SCHEDULE FOR IMPLEMENTATION.
Inventory as of this Action
Requested
Previously Approved
01/31/1988
01/31/1988
01/31/1987
6,000
0
6,000
9,000
0
9,000
0
0
0
UNDER THE U.S. HOUSING ACT OF 1937 AS
AMENDMENT, HUD IS EMPOWERED TO MAKE LOANS PHAS TO ASSIST IN
FINANCING THEIR PROJECT NOTES. THESE ADVANCE LOANS MAY BE OBTAINED
BY THE PHA SUBMITTING TO HUD AN APPROVED REQUISITION FOR FUNDS
(HUD-5420) TO FINANCE DEVELOPMENT AND MODERNIZATION
CONSTRUCTION.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.