Use of reserve
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
The reserve accumulated shall be available to meet vacancy and collection losses in any calendar quarter in which the actual losses exceed an amount equal to three per cent of the total dwelling rent schedule for such quarter. In any such quarter the reserve shall be drawn upon to meet such excesses to the extent of the balance available in the reserve.