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Federal Register / Vol. 86, No. 8 / Wednesday, January 13, 2021 / Proposed Rules iii Did not end that calendar year in a funding shortfall or receive shortfall prevention funding from HUD.
2 HUD shall publish the calculation for determining excess HAP reserve in the Federal Register, and such notice shall provide for public comment before becoming effective.
b Standard performer designation. A
PHA that passed all for indicators but did not meet the funding utilization criteria for a high performer designation in paragraph a is designated as a standard performer.
c Troubled PHA designation. A PHA
that failed any of the four indicators under 985.201 is designated as troubled PHA under the small rural PHA assessment.
985.207

Frequency of assessments.

a Frequency of small rural PHA
assessments. 1 Initial Assessment. The initial small rural PHA assessment will be effective when the PHAs next SEMAP assessment would have been applied. For PHAs that under SEMAP
qualify for biennial review as a small PHA less than 250 assisted units, the transition to the small rural PHA
assessment will occur when the PHAs next biennial SEMAP assessment is required.
2 Triennial assessments. HUD shall assess small rural PHAs no more than once every three years, except that a troubled small rural PHA shall be subject to an annual assessment in accordance with 985.204.
985.209

Troubled small rural PHAs.

a Appeals1 HUD action. HUD
must review, consider, and provide a final written determination to a small rural PHA that appeals its designation as a troubled PHA.
2 Deciding HUD official. The HUD
decision on the PHA appeal shall be made by a HUD official who has not been involved in and is not subordinate to any person who has been involved in the original determination to designate the PHA as a troubled PHA under the small rural PHA assessment.
b Corrective action agreement. No later than 60 days after the date on which the PHA is designated a troubled PHA, the PHA and HUD will enter into a corrective action agreement CAA
under which he PHA shall take actions to correct the deficiencies upon which the troubled PHA designation is based.
The PHA must comply with HUD
requirements for the submission of the CAA, including but not limited to the date by which the CAA must be submitted to HUD. The CAA must:
1 Have a term of one year, and shall be renewable at the option of HUD;

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2 Specify goals to be achieved;
3 Identify obstacles to goal achievement and ways to eliminate or avoid them;
4 Identify resources that will be used or sought to achieve goals;
5 Provide, where feasible, for technical assistance to assist the PHA in curing its deficiencies;
6 Identify an PHA staff person with lead responsibility for completing each goal;
7 Identify key tasks to reach each goal;
8 Specify time frames for achievement of each goal, including intermediate time frames to complete each key task;
9 Provide for regular evaluation of progress toward improvement;
10 Provide for the reconsideration of the PHAs designation as a troubled PHA no less than annually, and provide for the termination of the agreement when HUD determines the PHA is no longer troubled;
11 Provide that in the event of substantial noncompliance by the PHA
under the agreement, HUD may i contract with another PHA or a private entity to administer the HCV program;
and ii withhold funds otherwise distributable to the troubled PHA;
12 Be signed by the PHA board of commissioners chairperson and by the PHA executive director. If the PHA is a unit of local government or a state, the corrective action plan must be signed by the Section 8 program director and by the chief executive officer of the unit of government or his or her designee.
c Monitoring. The PHA and HUD
must monitor the PHAs implementation of its CAA to ensure performance targets are met.
d Annual small rural assessment. A
troubled PHA shall be subject to the small rural assessment on an annual basis.
e Use of administrative fee reserve prohibited. Any PHA assigned designated troubled may not use any part of the administrative fee reserve for other housing purposes see 982.155b of this title.
f Upgrading poor performance rating. HUD shall change an PHAs overall performance rating from troubled to standard or high performer if HUD determines that a change in the rating is warranted because of improved PHA performance and a standard or high designation on a subsequent small rural PHA assessment.
g Default under the Annual Contributions Contract ACC. HUD may determine that a PHAs failure to correct identified deficiencies resulting from its small rural PHA assessment or to
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execute and implement a corrective action agreement as required by HUD
constitutes a default under the ACC.
985.211
records.

Small rural PHA assessment
HUD shall maintain small rural PHA
assessment files, including designations, notifications, appeals, corrective action agreements, and related correspondence for at least 3 years.
Brian D. Montgomery, Deputy Secretary.
FR Doc. 202100098 Filed 11221; 8:45 am BILLING CODE 421067P

DEPARTMENT OF THE TREASURY
Internal Revenue Service 26 CFR Parts 1 and 301
REG11505720
RIN 1545BP98

Mandatory 60-Day Postponement of Certain Tax-Related Deadlines by Reason of a Federally Declared Disaster Internal Revenue Service IRS, Treasury.
ACTIONS: Notice of proposed rulemaking.
AGENCY:

This document contains proposed regulations relating to the new mandatory 60-day postponement of certain time-sensitive tax-related deadlines by reason of a Federally declared disaster. This document also contains proposed regulations clarifying the definition of Federally declared disaster. These proposed regulations affect individuals who reside in or were killed or injured in a disaster area, businesses that have a principal place of business in a disaster area, relief workers who provide assistance in a disaster area, or any taxpayer whose tax records necessary to meet a tax deadline are located in a disaster area. This document invites comments from the public regarding these proposed regulations.

SUMMARY:

Written or electronic comments and requests for a public hearing must be received by March 15, 2021. Requests for a public hearing must be submitted as prescribed in the Comments and Requests for a Public Hearing section.
ADDRESSES: Commenters are strongly encouraged to submit public comments electronically. Submit electronic submissions via the Federal eRulemaking Portal at www.regulations.gov indicate IRS and DATES:

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