Public Housing Assessment System; Financial Condition Scoring Process, 40534-40536 [E6-11282]

Download as PDF 40534 Federal Register / Vol. 71, No. 136 / Monday, July 17, 2006 / Notices Number of respondents Reporting Burden: ............................................................................ Total Estimated Burden Hours: 3,328. Status: Extension of a currently approved collection. Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 35, as amended. Dated: July 10, 2006. Lillian L. Deitzer, Departmental Paperwork Reduction Act Officer, Office of the Chief Information Officer. [FR Doc. E6–11279 Filed 7–14–06; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [Docket No. FR–5066–N–02] Public Housing Assessment System; Financial Condition Scoring Process Office of the Assistant Secretary for Public and Indian Housing, HUD. ACTION: Final notice. rwilkins on PROD1PC63 with NOTICES AGENCY: SUMMARY: This final notice provides information to public housing agencies (PHAs) and members of the public about HUD’s process for issuing scores under the Financial Condition Indicator of the Public Housing Assessment System (PHAS). This notice includes revised threshold values and associated points/ scores for the expense management component of the Financial Condition Indicator based on available data for PHAs with fiscal years ending March 31, 2004, June 30, 2004, September 30, 2004, and December 31, 2004. The data analyzed is based on generally accepted accounting principles (GAAP) information submitted by PHAs as part of the financial data schedule submission. FOR FURTHER INFORMATION CONTACT: Contact the Office of Public and Indian Housing, Real Estate Assessment Center (REAC), Attention: Wanda Funk, Department of Housing and Urban Development, Real Estate Assessment Center, 550 12th Street, SW., Suite 100, Washington, DC 20410; telephone the PIH–REAC Technical Assistance Center at (888) 245–4860 (this is a toll free number). Persons with hearing or speech impairments may access this number through TTY by calling the tollfree Federal Information Relay Service at (800) 877–8339. Additional information is available from the PIH– VerDate Aug<31>2005 17:41 Jul 14, 2006 Jkt 208001 Annual responses 128 SUPPLEMENTARY INFORMATION: I. Background HUD published the first Public Housing Assessment System; Financial Condition Scoring Process notice in the Federal Register on May 13, 1999 (64 FR 26222). HUD republished the notice to coincide with the June 22, 1999, publication of the PHAS proposed rule. Subsequently, HUD revised the notice twice to reflect additional changes to the financial scoring process. The third notice was published on June 28, 2000 (65 FR 40008), and the fourth notice was published on December 21, 2000 (65 FR 80685). This notice is an update of the financial condition scoring process notice published on December 21, 2000. In the December 21, 2000, notice HUD stated that any changes to the scoring process and any modifications to the thresholds would be communicated through a subsequent Federal Register notice. Accordingly, this notice updates the December 21, 2000, notice and provides information on the revisions made to the financial condition scoring process. HUD revised the thresholds based on a full year’s worth of unaudited and available audited financial information. This change has been made in accordance with the threshold revaluation schedule set forth in the December 21, 2000, notice. The December 21, 2000, notice stated that the thresholds established in that notice would remain in effect for all unaudited and audited PHA financial submissions for PHAs for a three year period, unless REAC found a need for revisions. In October 2001, July 2003, November 2004, and May 2005, REAC conducted an analysis of the thresholds established in the December 21, 2000, notice and determined not to revise the established thresholds. In August 2005 another analysis was conducted of the threshold established in the December 21, 2000, notice and it was determined that a revision to the expense management component was warranted. II. Discussion of Public Comments There were three comments received on the May 2, 2006, notice, two from public housing industry groups and one from a PHA. Several of the issues addressed in the comments pertained to future Financial Condition Indicator Frm 00066 Fmt 4703 Sfmt 4703 Hours per response 1 REAC Internet site at https:// www.hud.gov/reac/. PO 00000 x 26 = Burden hours 3,328 changes as a result of asset management and project based accounting and budgeting, as well as related changes to PHAS. Those comments that were not directly related to the revision of the expense management component as set forth in the May 2, 2006, notice are not addressed in this final notice. Comment: One commenter suggested that the entire Financial Condition Indicator be suspended until a new, project-specific indicator is developed. Until that time, REAC may wish to continue providing scores on the indicator but these scores should be advisory only. HUD Response: HUD disagrees that the Financial Condition Indicator should be suspended until a new indicator is developed that addresses project based accounting and budgeting, and asset management. With HUD’s focus on asset management and project based accounting and budgeting, HUD realizes that there is a need for property based assessments and will develop a revised Public Housing Assessment System (PHAS) to accommodate asset management. Until that time, HUD will continue to score the Financial Condition Indicator, and the indicator score will be part of the overall PHAS score. Comment: One commenter stated that the thresholds for the expense management component, published on May 2, 2006, demonstrates that these have not been revised frequently enough over the past several years, and felt that more frequent reevaluations will be even more critical when the new funding formula is put in place beginning in 2007. Another commenter stated that the revision to the expense management component is long overdue, and these thresholds should be analyzed and indexed on an annual basis. HUD Response: The financial indicator scoring thresholds have been reevaluated in October 2001, July 2003, November 2004, May 2005 and August 2005. HUD determined that there was a need for revision as a result of the August 2005 analysis. HUD will continue to evaluate the thresholds and provide revisions as needed, at a maximum of every three years. Comment: One commenter stated that the proposed rule calls for the use of total units available to determine the size category, but HUD’s automated E:\FR\FM\17JYN1.SGM 17JYN1 Federal Register / Vol. 71, No. 136 / Monday, July 17, 2006 / Notices system appears to utilize total units leased instead. HUD Response: Peer groupings are established according to the size of the PHA, based on the total number of units operated by the PHA, for all programs and activities. Accordingly, the Financial Condition Indicator of PHAS calculates the peer groupings based on the PHA’s financial data schedule (FDS) input for line 1120, units months available. FDS line 1120 is defined as the number of months available for all low rent, Section 8, and other subsidized units except those unit months vacant due to demolition, conversion, ongoing modernization, and units approved for non-dwelling purposes. After the PHA’s peer group size has been determined, scoring for the six financial components of the Financial Condition Indicator are based on the threshold value for the PHA’s size as discussed, above. Expense management/utility consumption measures the PHA’s ability to manage key areas of its annual expenditures at a level relative to its peers, adjusted for size and geographic location. This component compares summary expenditures to unit months leased for the fiscal year for the Low-Rent Public Housing Program only. Total routine expenses measured include the following six expense categories: Administrative, tenant services, utilities, ordinary maintenance and operation, protective services, and general expenses. The summed number is compared to the threshold for the PHA’s size as discussed, above, and regional peer group. This component enables PHA management to determine if the per unit cost is reasonable or if unnecessary operating expenditures should be reduced and/or further analyzed. III. Appendix 2, Expense Management, Revision The analysis of the thresholds conducted in August 2005 is based on the financial information submitted by PHAs with fiscal years ending March 31, 2004, June 30, 2004, September 30, 2004, and December 31, 2004. As a result of this analysis, it was determined that a revision to the expense management thresholds was warranted, but not to the remaining component thresholds for current ratio, months expendable fund balance, tenants receivable outstanding, occupancy loss and net income and loss. The thresholds for the five financial condition components that will not be changed are included in Appendix 2, Thresholds for Entity-Wide GAAP Scoring, of the December 21, 2000, Public Housing 40535 Assessment System; Financial Condition Scoring Process. The table, below, includes the new thresholds for expense management. The revised expense management thresholds included in this notice, and the remaining five component thresholds included in the December 21, 2000, financial condition notice, which are based on a full year of unaudited and audited financial data based on GAAP, will remain in effect for all unaudited and audited PHA financial submissions for PHAs with fiscal year end on or after September 30, 2006, for a three year period, unless the REAC finds a need for revisions. Any revisions to the thresholds will be communicated through a notice. The expense management table can be interpreted in the following manner: • Identify a size category for expense management; • The rows under that size category identify ranges of possible values for expense management; and • The column to the right labeled ‘‘Points/Score’’ identifies the points/ scores that is awarded to each expense management value for that size category. The thresholds presented here have been rounded for presentation purposes, whereas those used to calculate scores at the REAC are not rounded. EXPENSE MANAGEMENT (EM) Very small and small Low medium and high medium Large and extra large ............................................................................................................................. 0 .......................................................................................................................... 1 .......................................................................................................................... 1 .......................................................................................................................... 2 .......................................................................................................................... 2 .......................................................................................................................... 3 .......................................................................................................................... 3 .......................................................................................................................... 4 .......................................................................................................................... 4 .......................................................................................................................... 5 .......................................................................................................................... 5 .......................................................................................................................... 6 .......................................................................................................................... 6 .......................................................................................................................... 7 .......................................................................................................................... 7 .......................................................................................................................... 8 .......................................................................................................................... 8 .......................................................................................................................... 9 .......................................................................................................................... 9 .......................................................................................................................... rwilkins on PROD1PC63 with NOTICES Region EM<$112.39 EM≥$112.39 EM<$114.12 EM≥$114.12 EM<$94.59 EM≥$94.59 EM<$89.22 EM≥$89.22 EM<$91.51 EM≥$91.51 EM<$86.66 EM≥$86.66 EM<$79.96 EM≥$79.96 EM<$99.87 EM≥$99.87 EM<$111.02 EM≥$111.02 EM<$120.96 EM≥$120.96 EM<$108.52 EM≥$108.52 EM<$107.69 EM≥$107.69 EM<$118.23 EM≥$118.23 EM<$86.68 EM≥$86.68 EM<$97.55 EM≥$97.55 EM<$95.36 EM≥$95.36 EM<$82.36 EM≥$82.36 EM<$71.81 EM≥$71.81 EM<$133.50 EM≥$133.50 EM<$109.90 EM≥$109.90 EM<$128.15 EM≥$128.15 EM<$112.87 EM≥$112.87 EM<$117.07 EM≥$117.07 EM<$101.71 EM≥$101.71 EM<$103.73 EM≥$103.73 EM<$110.68 EM≥$110.68 EM<$122.17 EM≥$122.17 EM<$86.02 EM≥$86.02 EM<$97.86 EM≥$97.86 EM<$136.55 EM≥$136.55 VerDate Aug<31>2005 17:41 Jul 14, 2006 Jkt 208001 PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 E:\FR\FM\17JYN1.SGM 17JYN1 Points/score 1.5 0 1.5 0 1.5 0 1.5 0 1.5 0 1.5 0 1.5 0 1.5 0 1.5 0 1.5 0 40536 Federal Register / Vol. 71, No. 136 / Monday, July 17, 2006 / Notices Dated: June 29, 2006. Orlando J. Cabrera, Assistant Secretary for Public and Indian Housing. [FR Doc. E6–11282 Filed 7–14–06; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF THE INTERIOR Bureau of Indian Affairs Submission of Paperwork Reduction Act Request to Office of Management and Budget Bureau of Indian Affairs, Interior. ACTION: Notice. AGENCY: SUMMARY: This notice announces that the Information Collection Request for Bureau of Indian Affairs (BIA) for a Certificate of Degree of Indian or Alaska Native Blood (CDIB) has been submitted to the Office of Management and Budget (OMB) for approval under the provisions of the Paperwork Reduction Act. The BIA is soliciting public comments on the subject proposal. DATES: Written comments must be submitted on or before August 16, 2006. ADDRESSES: Written comments should be sent directly to the Desk Officer for the Department of the Interior, by facsimile at (202) 395–5806 or you may send an e-mail to: OIRA_DOCKET@omb.eop.gov. Send a copy of your comments to Ms. Carolyn Newman, Tribal Enrollment Specialist, Division of Tribal Government Services, Office of Tribal Services, Bureau of Indian Affairs, 1849 C Street, NW., Mail Stop 4513–MIB, Washington, DC 20240. FOR FURTHER INFORMATION CONTACT: Copies of the information collection may be obtained by contacting Ms. Carolyn Newman, Tribal Enrollment Specialist, at 202–513–7641. SUPPLEMENTARY INFORMATION: No comments on the workload burden or the form itself (OMB Control No. 1076– 0153) were received during or before the close of the public comment period on March 13, 2006, as requested in the notice published January 13, 2006 in the Federal Register (71 FR 2268). rwilkins on PROD1PC63 with NOTICES Abstract The purpose of this collection is to assist in determining the eligibility of individuals for various programs and services available to American Indians and Alaska Natives. This part specifies the requirements for the documentation of degree of Indian blood and uniform standards by which we may issue, VerDate Aug<31>2005 17:41 Jul 14, 2006 Jkt 208001 amend, or invalidate a Certificate of Degree of Indian or Alaska Native Blood. Disclosure of information may be given to the Department of the Interior and the Department of Justice when required for litigation or anticipated litigation. Notification of inquiries or access must be addressed to the appropriate Regional Director, Bureau of Indian Affairs. Submission of this information is voluntary. However, not providing information may result in a determination that an individual is not eligible to receive program services based upon his/her status as an American Indian or Alaska Native. The information to be collected includes: certificates of birth and death, probate determinations, court orders, affidavits, Federal or tribal census records and Social Security records. Request for Comments The Department of the Interior, Bureau of Indian Affairs, invites comments on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) The accuracy of the agency’s estimate of the burden (including the hours and cost) of the proposed collection of information, including the validity of the methodology and assumption used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; and (d) Ways to minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other collection techniques or other forms of information technology. The Office of Management and Budget has up to 60 days to approve or disapprove the information collection but may respond after 30 days; therefore, comments submitted in response to this notice should be submitted to OMB within 30 days in order to assure their maximum consideration. Please note: comments, names, addresses of commentators are available for public review during regular business hours. If you wish us to withhold any information, you must state this prominently at the beginning of your comment. We will honor your request to the extent allowable by law. Please note that an agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless a currently valid OMB control number is displayed. You PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 may request copies of the information collection forms and our submission to OMB from the person listed in FOR FURTHER INFORMATION CONTACT section. This notice provides the public with 30 days in which to comment on the following information collection activity: Title: Request for Certificate of Degree of Indian or Alaska Native Blood, 25 CFR part 70. OMB Control Number: 1076–0153. Type of review: Renewal. Description of respondents: Individual Indians who may be eligible to receive program services based upon their status and/or degree of Indian or Alaska Native blood. Frequency: All information and documentation is to be collected once from each requester. Estimated completion time: The reporting and recordkeeping burden for this collection of information is estimated to average 1.5 hours for each response for an estimated 154,980 requests per year or 232,470 hours, including the time for reviewing instructions, searching existing data sources and gathering needed data. Thus, the estimated total annual reporting and recordkeeping burden for this entire collection is estimated to be 232,470 hours. Total annual burden: 232,470 hours. Estimated non-hour cost: $6,199,200. The cost covers certification of documents and postage and the cost of duplicating the original application form. Dated: June 8, 2006. Michael D. Olsen, Acting Principal Deputy Assistant Secretary— Indian Affairs. [FR Doc. E6–11211 Filed 7–14–06; 8:45 am] BILLING CODE 4310–4J–P DEPARTMENT OF THE INTERIOR Bureau of Land Management [WY–920–09–1320–EL, WYW172908] Coal Lease Exploration License, WY Bureau of Land Management, Interior. ACTION: Notice of invitation for coal exploration license. AGENCY: SUMMARY: Pursuant to section 2(b) of the Mineral Leasing Act of 1920, as amended by section 4 of the Federal Coal Leasing Amendments Act of 1976, 90 Stat. 1083, 30 U.S.C. 201(b), and to the regulations adopted as 43 CFR part 3410, all interested parties are hereby invited to participate with Kiewit Mining Properties Inc. on a pro rata cost E:\FR\FM\17JYN1.SGM 17JYN1

Agencies

[Federal Register Volume 71, Number 136 (Monday, July 17, 2006)]
[Notices]
[Pages 40534-40536]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-11282]


-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5066-N-02]


Public Housing Assessment System; Financial Condition Scoring 
Process

AGENCY: Office of the Assistant Secretary for Public and Indian 
Housing, HUD.

ACTION: Final notice.

-----------------------------------------------------------------------

SUMMARY: This final notice provides information to public housing 
agencies (PHAs) and members of the public about HUD's process for 
issuing scores under the Financial Condition Indicator of the Public 
Housing Assessment System (PHAS). This notice includes revised 
threshold values and associated points/scores for the expense 
management component of the Financial Condition Indicator based on 
available data for PHAs with fiscal years ending March 31, 2004, June 
30, 2004, September 30, 2004, and December 31, 2004. The data analyzed 
is based on generally accepted accounting principles (GAAP) information 
submitted by PHAs as part of the financial data schedule submission.

FOR FURTHER INFORMATION CONTACT: Contact the Office of Public and 
Indian Housing, Real Estate Assessment Center (REAC), Attention: Wanda 
Funk, Department of Housing and Urban Development, Real Estate 
Assessment Center, 550 12th Street, SW., Suite 100, Washington, DC 
20410; telephone the PIH-REAC Technical Assistance Center at (888) 245-
4860 (this is a toll free number). Persons with hearing or speech 
impairments may access this number through TTY by calling the toll-free 
Federal Information Relay Service at (800) 877-8339. Additional 
information is available from the PIH-REAC Internet site at https://
www.hud.gov/reac/.

SUPPLEMENTARY INFORMATION:

I. Background

    HUD published the first Public Housing Assessment System; Financial 
Condition Scoring Process notice in the Federal Register on May 13, 
1999 (64 FR 26222). HUD republished the notice to coincide with the 
June 22, 1999, publication of the PHAS proposed rule. Subsequently, HUD 
revised the notice twice to reflect additional changes to the financial 
scoring process. The third notice was published on June 28, 2000 (65 FR 
40008), and the fourth notice was published on December 21, 2000 (65 FR 
80685). This notice is an update of the financial condition scoring 
process notice published on December 21, 2000. In the December 21, 
2000, notice HUD stated that any changes to the scoring process and any 
modifications to the thresholds would be communicated through a 
subsequent Federal Register notice. Accordingly, this notice updates 
the December 21, 2000, notice and provides information on the revisions 
made to the financial condition scoring process. HUD revised the 
thresholds based on a full year's worth of unaudited and available 
audited financial information.
    This change has been made in accordance with the threshold 
revaluation schedule set forth in the December 21, 2000, notice. The 
December 21, 2000, notice stated that the thresholds established in 
that notice would remain in effect for all unaudited and audited PHA 
financial submissions for PHAs for a three year period, unless REAC 
found a need for revisions. In October 2001, July 2003, November 2004, 
and May 2005, REAC conducted an analysis of the thresholds established 
in the December 21, 2000, notice and determined not to revise the 
established thresholds. In August 2005 another analysis was conducted 
of the threshold established in the December 21, 2000, notice and it 
was determined that a revision to the expense management component was 
warranted.

II. Discussion of Public Comments

    There were three comments received on the May 2, 2006, notice, two 
from public housing industry groups and one from a PHA. Several of the 
issues addressed in the comments pertained to future Financial 
Condition Indicator changes as a result of asset management and project 
based accounting and budgeting, as well as related changes to PHAS. 
Those comments that were not directly related to the revision of the 
expense management component as set forth in the May 2, 2006, notice 
are not addressed in this final notice.
    Comment: One commenter suggested that the entire Financial 
Condition Indicator be suspended until a new, project-specific 
indicator is developed. Until that time, REAC may wish to continue 
providing scores on the indicator but these scores should be advisory 
only.
    HUD Response: HUD disagrees that the Financial Condition Indicator 
should be suspended until a new indicator is developed that addresses 
project based accounting and budgeting, and asset management. With 
HUD's focus on asset management and project based accounting and 
budgeting, HUD realizes that there is a need for property based 
assessments and will develop a revised Public Housing Assessment System 
(PHAS) to accommodate asset management. Until that time, HUD will 
continue to score the Financial Condition Indicator, and the indicator 
score will be part of the overall PHAS score.
    Comment: One commenter stated that the thresholds for the expense 
management component, published on May 2, 2006, demonstrates that these 
have not been revised frequently enough over the past several years, 
and felt that more frequent reevaluations will be even more critical 
when the new funding formula is put in place beginning in 2007. Another 
commenter stated that the revision to the expense management component 
is long overdue, and these thresholds should be analyzed and indexed on 
an annual basis.
    HUD Response: The financial indicator scoring thresholds have been 
reevaluated in October 2001, July 2003, November 2004, May 2005 and 
August 2005. HUD determined that there was a need for revision as a 
result of the August 2005 analysis. HUD will continue to evaluate the 
thresholds and provide revisions as needed, at a maximum of every three 
years.
    Comment: One commenter stated that the proposed rule calls for the 
use of total units available to determine the size category, but HUD's 
automated

[[Page 40535]]

system appears to utilize total units leased instead.
    HUD Response: Peer groupings are established according to the size 
of the PHA, based on the total number of units operated by the PHA, for 
all programs and activities. Accordingly, the Financial Condition 
Indicator of PHAS calculates the peer groupings based on the PHA's 
financial data schedule (FDS) input for line 1120, units months 
available. FDS line 1120 is defined as the number of months available 
for all low rent, Section 8, and other subsidized units except those 
unit months vacant due to demolition, conversion, ongoing 
modernization, and units approved for non-dwelling purposes. After the 
PHA's peer group size has been determined, scoring for the six 
financial components of the Financial Condition Indicator are based on 
the threshold value for the PHA's size as discussed, above. Expense 
management/utility consumption measures the PHA's ability to manage key 
areas of its annual expenditures at a level relative to its peers, 
adjusted for size and geographic location. This component compares 
summary expenditures to unit months leased for the fiscal year for the 
Low-Rent Public Housing Program only. Total routine expenses measured 
include the following six expense categories: Administrative, tenant 
services, utilities, ordinary maintenance and operation, protective 
services, and general expenses. The summed number is compared to the 
threshold for the PHA's size as discussed, above, and regional peer 
group. This component enables PHA management to determine if the per 
unit cost is reasonable or if unnecessary operating expenditures should 
be reduced and/or further analyzed.

III. Appendix 2, Expense Management, Revision

    The analysis of the thresholds conducted in August 2005 is based on 
the financial information submitted by PHAs with fiscal years ending 
March 31, 2004, June 30, 2004, September 30, 2004, and December 31, 
2004. As a result of this analysis, it was determined that a revision 
to the expense management thresholds was warranted, but not to the 
remaining component thresholds for current ratio, months expendable 
fund balance, tenants receivable outstanding, occupancy loss and net 
income and loss. The thresholds for the five financial condition 
components that will not be changed are included in Appendix 2, 
Thresholds for Entity-Wide GAAP Scoring, of the December 21, 2000, 
Public Housing Assessment System; Financial Condition Scoring Process. 
The table, below, includes the new thresholds for expense management.
    The revised expense management thresholds included in this notice, 
and the remaining five component thresholds included in the December 
21, 2000, financial condition notice, which are based on a full year of 
unaudited and audited financial data based on GAAP, will remain in 
effect for all unaudited and audited PHA financial submissions for PHAs 
with fiscal year end on or after September 30, 2006, for a three year 
period, unless the REAC finds a need for revisions. Any revisions to 
the thresholds will be communicated through a notice.
    The expense management table can be interpreted in the following 
manner:
     Identify a size category for expense management;
     The rows under that size category identify ranges of 
possible values for expense management; and
     The column to the right labeled ``Points/Score'' 
identifies the points/scores that is awarded to each expense management 
value for that size category.
    The thresholds presented here have been rounded for presentation 
purposes, whereas those used to calculate scores at the REAC are not 
rounded.

                                             Expense Management (EM)
----------------------------------------------------------------------------------------------------------------
                                     Very small and    Low medium and high    Large and extra
             Region                      small                medium               large           Points/score
----------------------------------------------------------------------------------------------------------------
                                  EM<$112.39           EM<$108.52           EM<$128.15                       1.5
0...............................  EM>=$112.39          EM>=$108.52          EM>=$128.15                      0
1...............................  EM<$114.12           EM<$107.69           EM<$112.87                       1.5
1...............................  EM>=$114.12          EM>=$107.69          EM>=$112.87                      0
2...............................  EM<$94.59            EM<$118.23           EM<$117.07                       1.5
2...............................  EM>=$94.59           EM>=$118.23          EM>=$117.07                      0
3...............................  EM<$89.22            EM<$86.68            EM<$101.71                       1.5
3...............................  EM>=$89.22           EM>=$86.68           EM>=$101.71                      0
4...............................  EM<$91.51            EM<$97.55            EM<$103.73                       1.5
4...............................  EM>=$91.51           EM>=$97.55           EM>=$103.73                      0
5...............................  EM<$86.66            EM<$95.36            EM<$110.68                       1.5
5...............................  EM>=$86.66           EM>=$95.36           EM>=$110.68                      0
6...............................  EM<$79.96            EM<$82.36            EM<$122.17                       1.5
6...............................  EM>=$79.96           EM>=$82.36           EM>=$122.17                      0
7...............................  EM<$99.87            EM<$71.81            EM<$86.02                        1.5
7...............................  EM>=$99.87           EM>=$71.81           EM>=$86.02                       0
8...............................  EM<$111.02           EM<$133.50           EM<$97.86                        1.5
8...............................  EM>=$111.02          EM>=$133.50          EM>=$97.86                       0
9...............................  EM<$120.96           EM<$109.90           EM<$136.55                       1.5
9...............................  EM>=$120.96          EM>=$109.90          EM>=$136.55                      0
----------------------------------------------------------------------------------------------------------------



[[Page 40536]]

    Dated: June 29, 2006.
Orlando J. Cabrera,
Assistant Secretary for Public and Indian Housing.
 [FR Doc. E6-11282 Filed 7-14-06; 8:45 am]
BILLING CODE 4210-67-P
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