The following program administration requirements contained in subpart K of this part apply to the ADDI:
(a) HOME Investment Trust Fund. The requirements regarding the HOME Investment Trust Fund contained in Sec. 92.500 apply to the ADDI, with the exception of paragraphs (c)(2) and (d)(1)(A).
(b) HOME Investment Partnership Agreement. The requirements regarding HOME Investment Partnership Agreements contained in Sec. 92.501 apply to the ADDI.
(c) Program disbursement and information system. The requirements regarding program disbursement and information systems contained in Sec. 92.502 apply to the ADDI.
(d) Program income, repayments and recaptured funds. The requirements regarding program income, repayments, and recaptured funds contained in Sec. 92.503 apply to the ADDI, except the program income and recaptured funds must be deposited in the participating jurisdiction's HOME investments trust fund local account and used in accordance with the HOME program requirements.
(e) Participating jurisdiction responsibilities and written agreements. The requirements regarding participating jurisdiction responsibilities and written agreements contained in Sec. 92.504 apply to the ADDI, with the modification that the written agreement is not required to cover any HOME requirement that is not applicable to the ADDI.
(f) Applicability of uniform administrative requirements. The uniform administrative requirements contained in Sec. 982.505 apply to the ADDI.
(g) Audit. The audit requirements contained in Sec. 92.506 apply to the ADDI.
(h) Closeout. The closeout requirements contained in Sec. 92.507 apply to the ADDI.
(i) Recordkeeping. The project records must include records demonstrating that the family qualifies as a first-time homebuyer. The recordkeeping requirements contained in Sec. 92.508 apply to the ADDI, with the exception of the following paragraphs:
(1) Paragraph (a)(1);
(2) Paragraphs (a)(2)(iv), (a)(2)(v), (a)(2)(vi), (a)(2)(xi), and (a)(2)(xii);
(3) Paragraphs (a)(3)(vi), (a)(3)(vii), (a)(3)(viii), (a)(3)(ix), and (a)(3)(xiii);
(4) Paragraph (a)(4);
(5) Paragraphs (a)(7)(i)(B), (a)(7)(i)(C), (a)(7)(ii)(A), and (a)(7)(ix) (in addition, the requirements of paragraph (a)(7)(iv) apply to FY2003 ADDI funds only); and
(6) Paragraphs (c)(1) and (c)(3) (in addition, the requirements of paragraph (c)(5) apply to FY2003 ADDI funds only).
(j) Performance reports. The requirements regarding performance reports contained in Sec. 92.509 apply to the ADDI.