Funding follows the ordinary formula, with renewal of what was spent
What the document says“shall be determined according to the same funding formula applicable to public housing agencies that do not participate in the Moving to Work demonstration, except that the Secretary shall provide public housing agencies funding to renew any funds expended under this subsection, with an adjustment for inflation.”
The section provides that renewal funding for section 8(o) housing assistance payments follows the same formula as for agencies outside the demonstration, except that the Secretary must fund the renewal of anything spent under the 5 percent flexibility, adjusted for inflation. Administrative fees, public housing operating subsidies, and capital funding also follow the ordinary formulas.
What the document actually says“shall be determined according to the same funding formula applicable to public housing agencies that do not participate in the Moving to Work demonstration, except that the Secretary shall provide public housing agencies funding to renew any funds expended under this subsection, with an adjustment for inflation.”
The money is worked out the same way as for agencies outside the test. The one difference is that money moved to other uses is renewed. That renewal rises with prices.
Without this, moving money could shrink next year's share. That would punish an agency for using the flexibility. This keeps the share whole.
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