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Hud 51999 2025

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The General Depository Agreement between the U.S. Department of Housing and Urban Development (HUD) and a Public Housing Agency/Indian Housing Authority (PHA/IHA) outlines the terms for managing funds deposited by the PHA/IHA in a financial institution. It specifies requirements for fund insurance, handling of deposits, securities management, and conditions under which withdrawals may be restricted by HUD. The agreement also establishes the rights and responsibilities of both parties, including provisions for termination and modification.

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What is a general depository agreement?

Depository Agreement means the agreement, dated as of the Closing Date, executed by the Issuer in favor of DTC, as initial Clearing Agency, relating to the Notes and the Certificates, as the same may be amended or supplemented from time to time.

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