§ 70.1 Purpose and authority
§ 70.2 Applicability
§ 70.3 Definitions
§ 70.4 Procedure for implementing prevailing wage exemptions for volunteers
§ 70.5 Procedure for obtaining HUD waiver of prevailing wage rates for volunteers
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Terms Used In 24 CFR Part 70 - Use of Volunteers On Projects Subject to Davis-Bacon and Hud-Determined Wage Rates

  • Amortization: Paying off a loan by regular installments.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Personal property: All property that is not real property.