LHA Management of Capital Funds
Effective Jul 14, 2017Mass. Register #1343MGL c. 23B, § 6 MGL c. 121B, § 26C MGL c. 121B, § 29Executive Office of Housing and Livable Communities
Each LHA shall:
- (a) Keep accurate books and records, as prescribed by the Department in accordance with 760 CMR 4.00: General Administration of Local Housing Authorities, subject to review by the Department and auditors;
- (b) Maintain separate accounts so as to separate Capital Funds from other LHA funds, and;
- (c) Report, as directed by the Department, on the status of Capital Funds received by the LHA, including interest.