24 CFR 232.1007

§ 232.1007 Operating expenses.

United States · 24 CFR — Housing and Urban Development · Status: effective

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Citation: 24 CFR 232.1007, § 232.1007 Operating expenses, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100035
Permanent ID: ys:prov:100035@1
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Full text

Goods and services purchased or acquired in connection with the project shall be reasonable and necessary for the operation or maintenance of the project, and the costs of such goods and services incurred by the borrower or operator shall not exceed amounts normally paid for such goods or services in the area where the services are rendered or the goods are furnished, except as otherwise permitted or approved by HUD.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.