Cal. Civ. Code § 380.507
Reconciliations
Operative Text
Landlords shall make Reconciliations to their funding LAAs quarterly.
Under 47 Ill. Admin. Code pt. 380 § 380.507, landlords participating in the applicable Illinois housing assistance program are required to submit reconciliations to their funding Local Administering Agencies (LAAs) on a quarterly basis. This rule establishes a periodic financial reporting cycle, ensuring that program funds and related records are reviewed and balanced four times per year. The provision applies within the regulatory framework governing the relevant state-administered housing program.
Plain English — not legal advice.
Operators participating in the program governed by 47 Ill. Admin. Code pt. 380 § 380.507 generally maintain accurate, up-to-date financial records throughout each quarter so that reconciliation submissions to their funding LAA can be completed on time. Compliant operators typically track all program-related transactions and ensure that any discrepancies between disbursed funds and actual costs are identified and addressed before each quarterly deadline. Staying organized with documentation throughout the quarter, rather than assembling records only at the deadline, is a practice commonly associated with smooth reconciliation submissions.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Section 380.507 of 47 Ill. Admin. Code pt. 380 establishes a quarterly reconciliation requirement that landlords in this program must fulfill with their funding Local Administering Agency (LAA). Tenants in program-assisted housing may find it useful to know that this reporting cycle exists, as it represents a layer of financial oversight over how program funds are managed. Tenants who have concerns about how assistance funds are being handled can reach out to their local LAA or a tenant-rights organization for information about available options.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 18, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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