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76 FR 10149, Feb. 23, 2011, unless otherwise noted.
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(a) Scoring. The Capital Fund program indicator score provides an assessment of a PHA's ability to obligate Capital Fund program grants in a timely manner on capital and modernization needs.
(b) Thresholds.
(1) The PHA's Capital Fund program score is based on a maximum of 10 points.
(2) In order to receive a passing score under the Capital Fund program indicator, a PHA must achieve a score of at least 5 points, or 50 percent.