# 24 C.F.R. § 401.302 (2026): PRA administrative requirements

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_302

## Section

- **Citation:** 24 C.F.R. § 401.302 (2026)
- **Heading:** PRA administrative requirements
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 24 CFR: Housing and Urban Development / Chapter IV: OFFICE OF HOUSING AND OFFICE OF MULTIFAMILY HOUSING ASSISTANCE RESTRUCTURING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT / Part 401: MULTIFAMILY HOUSING MORTGAGE AND HOUSING ASSISTANCE RESTRUCTURING PROGRAM (MARK-TO-MARKET) / Subpart B: Participating Administrative Entity (PAE) and Portfolio Restructuring Agreement (PRA) / § 401.302: § 401.302   PRA administrative requirements.

## Text

(a)
Inapplicability of certain requirements.
Part 200 of 2 CFR and contract procurement requirements do not apply to a PRA.
(b)
Recordkeeping.
The PAE must keep complete and accurate records of all activities related to the PAE's performance under the PRA. The PAE must retain the records for at least 3 years after the PRA terminates.
(c)
Inspection of records and audit.
Upon reasonable notice, the PAE must permit the Comptroller General of the United States and HUD (including representatives of the HUD Office of Inspector General) to inspect, audit, and copy any records required to be retained under this section.
[65 FR 15485, Mar. 22, 2000, as amended at 80 FR 75936, Dec. 7, 2015]

## Nearby sections

- [24 C.F.R. § 401.200 (2026) § 401.200   Who may be a PAE?](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_200.md)
- [24 C.F.R. § 401.201 (2026) § 401.201   How does HUD select PAEs?](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_201.md)
- [24 C.F.R. § 401.300 (2026) § 401.300   What is a PRA?](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_300.md)
- [24 C.F.R. § 401.301 (2026) § 401.301   Partnership arrangements.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_301.md)
- [24 C.F.R. § 401.302 (2026) § 401.302   PRA administrative requirements.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_302.md)
- [24 C.F.R. § 401.303 (2026) § 401.303   PRA indemnity provisions for SHFAs and HAs.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_303.md)
- [24 C.F.R. § 401.304 (2026) § 401.304   PRA provisions on PAE compensation.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_304.md)
- [24 C.F.R. § 401.309 (2026) § 401.309   PRA term and termination provisions; other provisions.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_309.md)
- [24 C.F.R. § 401.310 (2026) § 401.310   Conflicts of interest.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_310.md)
- [24 C.F.R. § 401.311 (2026) § 401.311   Standards of conduct.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_311.md)
- [24 C.F.R. § 401.312 (2026) § 401.312   Confidentiality of information.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_312.md)
- [24 C.F.R. § 401.313 (2026) § 401.313   Consequences of PAE violations; finality of HUD determination.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_313.md)
- [24 C.F.R. § 401.314 (2026) § 401.314   Environmental review responsibilities.](https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_314.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T24_P401_S401_302. Check the current official text before relying on it. Not legal advice.