LHA Management of Capital Funds

Each LHA shall: (a) Keep accurate books and records, as prescribed by the Department in accordance with 760 CMR 4.00: General Administration of Local Housing Authorities, subject to review by the Department and auditors; (b) Maintain separate accounts so as to separate Capital Funds from other LHA funds, and; (c) Report, as directed by the Department, on the status of Capital Funds received by the LHA, including interest.