Cal. Civ. Code § 380.601
Allocations
Operative Text
Agencies shall reserve at least 10% of each year's Annual Receipts or Fund Distribution, as applicable, for LTOS Allocations.� Agencies are not required to spend those funds in the year reserved, but may combine these funds with the reserved amounts from past or subsequent years.� A Municipality may delegate its responsibilities as an agency under this Subpart F to establish and administer an LTOS Program to its designated LAA.
Under 47 Ill. Admin. Code pt. 380 § 380.601, housing agencies in Illinois are required to set aside a minimum of 10% of each year's Annual Receipts or Fund Distribution for Long-Term Operating Stability (LTOS) Allocations. These reserved funds do not have to be spent within the same calendar year and may be pooled with reserved amounts from prior or future years. Additionally, a municipality acting as an agency may transfer its responsibilities for establishing and administering an LTOS Program to its designated Local Administrative Agency (LAA).
Plain English — not legal advice.
Property owners and managers seeking funding through programs governed by 47 Ill. Admin. Code pt. 380 § 380.601 should be aware that the agencies distributing these funds are obligated to maintain a dedicated LTOS reserve of at least 10% annually. Compliant agencies typically track these reserved amounts separately, carry them forward across fiscal years, and document any delegation of LTOS Program administration to a designated LAA. Understanding this structure can help operators anticipate the availability and timing of LTOS-related funding streams.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Tenants and tenant advocates should know that 47 Ill. Admin. Code pt. 380 § 380.601 establishes a mandatory funding floor, requiring agencies to reserve at least 10% of annual receipts or distributions for LTOS Allocations, which are intended to support long-term housing stability. Because municipalities may delegate administration of the LTOS Program to a Local Administrative Agency, tenants seeking access to these resources may want to identify whether their local municipality or its designated LAA is the administering body. Tenant-rights organizations and local housing authorities can be useful starting points for learning how LTOS funds are being allocated and administered in a given area.
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.
Effective Timeline
References Out
No outbound references recorded yet for this provision.
References In
No inbound references recorded yet for this provision.