Section 380.108 Authority Administrative Expenses
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Illinois Administrative Code › Title 47 HOUSING AND COMMUNITY DEVELOPMENT › CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY › Part 380 RENTAL HOUSING SUPPORT PROGRAM › Section 380.108 Authority Administrative Expenses
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Section 380.108 Authority Administrative Expenses
When funding for administrative expenses has not been
separately appropriated, the Authority shall be entitled to deduct from the
Annual Receipts, before any distribution of funds under the RHS Program, an
amount not to exceed 7% of the Annual Receipts for expenses associated with the
administration of the RHS Program, including, without limitation, expenses for
staff salaries and benefits for time spent on design and administration of the
RHS Program; training and marketing expenses incurred in performing outreach
activities and providing technical assistance to LAAs; the use of the Authority's
equipment for RHS Program purposes; the cost of office space and utilities
incurred in connection with the RHS Program; and any other expenses incurred in
the administration of the RHS Program; provided, that only administrative
expenses specifically related to the RHS Program within a Municipality may be
deducted from the Annual Receipts required by law to be distributed to
Municipalities. The Authority shall maintain a detailed accounting of all
administrative expenses, which shall be available to the applicable Agency,
LAAs or the public for review.
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