Page:United States Statutes at Large Volume 100 Part 3.djvu/886

 100 STAT. 2694

PUBLIC LAW 99-514—OCT. 22, 1986

The aggregate face amount of bonds to which this subparagraph applies shall not exceed $1,500,000. (P) A residential rental property project is described in this subparagraph if— (i) an inducement resolution for such project was approved on April 22, 1986, by the city council, (ii) such project was approved by such council on August 11, 1986, and (iii) such project consists of a unit apartment complex (having approximately 60 units) to be used for housing qualified low and moderate income tenants. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $1,625,000. (Q) A residential rental property project is described in this subparagraph if— (i) a State housing authority granted a notice of official action for the project on May 24, 1985, and (ii) a binding agreement was executed for such project with the State housing finance authority on May 14, 1986, and such agreement was accepted by the State housing authority on June 5, 1986. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $7,800,000. (R) A residential rental property project is described in this subparagraph if such project is either of 2 projects (located in St. Louis, Missouri) which received commitments to provide construction and permanent financing through the issuance of bonds in principal amounts of up to $242,130 and $654,045, on July 16, 1986. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $1,000,000. (S) A residential rental property project is described in this subparagraph if— (i) a local housing authority approved an inducement resolution for such project on January 28, 1985, and (ii) a suit relating to such project was dismissed without right of further appeal on April 4, 1986. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $13,200,000. (T) A residential rental property project is described in this subparagraph if— (i) such project is the renovation of a hotel for residents for senior citizens, (ii) an inducement resolution for such project was adopted on November 20, 1985, by the State Development Finance Authority, and (iii) such project is to be located in the metropolitan area of the city described in paragraph (3)(C). The aggregate face amount of bonds to which this subparagraph applies shall not exceed $9,500,000. (U) A residential rental property project is described in this subparagraph if— (i) such project is the renovation of apartment housing, (ii) an inducement resolution for such project was adopted on December 20, 1985, by the State Housing Development Authority, and

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