PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 3705

and for selections from a single list of all applicants. The
criteria shall include—

"(A) the quality of the plan for rehabilitating the
eligible housing;

"(B) the extent of the capacity or potential capacity
of the proposed manager to manage the housing and to
carry out the rehabilitation program;

"(C) the extent to which a program is proposed to
enable residents to achieve economic independence and
self-sufficiency;

"(D) the extent to which the planned rehabilitation
will result hi the long-term viability of the housing at
a reasonable cost; and

"(E) such other criteria as the Secretary may require,
"(h) CONTRACT BETWEEN SECRETARY AND MANAGER.—

"(1) TERMS.—After the Secretary approves an application,
the Secretary shall enter into a contract with the manager
for transfer of management of the eligible housing. In addition
to other contract provisions required under this section, the
contract shall—

"(A) give the manager the right to receive operating
subsidies under subsection (d) and capital improvement
funding under subsection (e);

"(B) require the manager to carry out all management
responsibilities for the eligible housing, as provided in or
required by the contract;

"(C) require the manager to carry out, for the eligible
housing, all management responsibilities applicable to pub-
lic housing agencies owning or operating public housing
projects, including (i) maintaining the units in decent, safe,
and sanitary condition in accordance with any standards
for public housing established or adopted by the Secretary,
(ii) determining eligibility of applicants for occupancy of
units subject to the requirements of this Act, (iii) terminat-
ing tenancy in accordance with the procedures applicable
to the section 8 new construction program, and (iv) deter-
mining the amount of rent paid for units in accordance
with this Act; and

"(D) permit, but not require, the manager to select
applicants from the public housing waiting list maintained
by the public housing agency.
"(2) EXTENSION, EXPIRATION, AND TERMINATION.—

"(A) IN GENERAL.—The Secretary shall provide for a
resident council that has entered into a contract under
this subsection to—

"(i) approve the renewal of the contract between

the Secretary and the manager; or

"(ii) disapprove renewal and submit an application

to the Secretary, in accordance with subsection (f),

proposing another manager, which may be the public

housing agency.

"(B) DEFAULT.—If the Secretary determines that a
manager is in default of its responsibilities under the con-
tract, the Secretary may require the resident council to
submit another application proposing a different manager,
which may be the public housing agency,
"(i) OTHER PROGRAM REQUIREMENTS.—