§ 943.115 What programs are covered under this subpart?
§ 943.118 What is a consortium?
§ 943.120 What programs of a PHA are included in a consortium’s functions?
§ 943.122 How is a consortium organized?
§ 943.124 What elements must a consortium agreement contain?
§ 943.126 What is the relationship between HUD and a consortium?
§ 943.128 How does a consortium carry out planning and reporting functions?
§ 943.130 What are the responsibilities of participating PHAs?

Terms Used In CFR > Title 24 > Subtitle B > Chapter IX > Part 943 > Subpart B - Consortia

  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.