HUD HCV Guidebook § 7.5

The initial PHA must99 pay the initial billing amount within 30 calendar days of receipt of Form HUD-52665.
Subsequently, the initial PHA must100 pay no later than the fifth business day of each month for each month
that the billing arrangement is in effect. The payment must 101 be provided in a form and manner that the
receiving PHA is able to accept.
Initial PHAs must102 not terminate or delay making payments under existing billing arrangements as a result of
over-leasing or funding shortfalls in the initial PHA’s program. PHAs may only terminate HAP contracts to which
they are a party to address insufficient funding in accordance with 24 CFR 982.454.