Utility Allowance. If the Utility Allowance, as defined in 2.26 of this SPRAC, exceeds the Family Rent, the Owner shall pay the Family the amount of the excess. The CA will pay funds to the Owner in trust solely for the purpose of making this payment. The Owner’s acknowledgement and acceptance of responsibility for payments payable under this SPRAC shall not be construed to include payments specifically covered by this paragraph. (See 24 C.F.R § 880.610 or any successor SPRAC regulations).
Appears in 3 contracts
Sources: Senior Preservation Rental Assistance Contract (Sprac Ii), Senior Preservation Rental Assistance Contract (Sprac Ii), Senior Preservation Rental Assistance Contract (Sprac Ii)