112 STAT. 2532 PUBLIC LAW 105-276—OCT. 21, 1998 "(2) INITIAL PLAN.— The initial 5-year plan submitted by a public housing agency under this subsection shall be submitted for the 5-year period beginning on October 1, 1999, or the first fiscal year thereafter for which the public housing agency initially receives assistance under this Act. " (b) ANNUAL PLAN. — Effective date. "(1) IN GENERAL.— Effective beginning upon October 1, 1999, each public housing agency shall submit to the Secretary an annual public housing agency plan under this subsection for each fiscal year for which the public housing agency receives assistance under section 8(o) or 9. "(2) UPDATES. —For each fiscal year after the initial submission of an annual plan under this subsection by a public housing agency, the public housing agency may comply with requirements for submission of a plan under this subsection by submitting an update of the plan for the fiscal year. "(c) PROCEDURES.— "(1) IN GENERAL. —The Secretary shall establish requirements and procedures for submission and review of plans, including requirements for timing and form of submission, and for the contents of such plans. "(2) CONTENTS. — The procedures established under paragraph (1) shall provide that a public housing agency shall— "(A) in developing the plan consult with the resident advisory board established under subsection (e); and "(B) ensure that the plan under this section is consistent with the applicable comprehensive housing affbrdability strategy (or any consolidated plan incorporating such strategy) for the jurisdiction in which the public housing agency is located, in accordance with title I of the Cranston- Gonzalez National Affordable Housing Act, and contains a certification by the appropriate State or local official that the plan meets the requirements of this paragraph and a description of the manner in which the applicable contents of the public housing agency plan are consistent with the comprehensive housing affordability strategy. "(d) CONTENTS. — An annual public housing agency plan under subsection (b) for a public housing agency shall contain the following information relating to the upcoming fiscal year for which the assistance under this Act is to be made available: "(1) NEEDS.— ^A statement of the housing needs of lowincome and very low-income families residing in the jurisdiction served by the public housing agency, and of other low-income and very low-income families on the waiting list of the agency (including housing needs of elderly families and disabled families), and the means by which the public housing agency intends, to the maximum extent practicable, to address those needs. " (2) FINANCIAL RESOURCES. —^A statement of financial resources available to the agency and the planned uses of those resources. " (3) ELIGIBILITY, SELECTION, AND ADMISSIONS POLICIES. — A statement of the policies governing eligibility, selection, admissions (including any preferences), assignment, and occupancy of families with respect to public housing dwelling units and housing assistance under section 8(o), including—
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