Page:United States Statutes at Large Volume 101 Part 1.djvu/440

 101 STAT. 410

PUBLIC LAW 100-71—JULY 11, 1987 CHAPTER V DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT HOUSING PROGRAMS PAYMENTS FOR THE OPERATION OF LOW-INCOME HOUSING PROJECTS

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(INCLUDING RESCISSION)

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Of the amounts made available under this head in section 101(g) of Public Laws 99-500 and 99-591 (100 Stat. 1783-242, 3341-242) for payments to public housing agencies and Indian housing authorities, $65,000,000 are rescinded and the balance shall be for payment of operating subsidies under section 9, United States Housing Act of 1937 (42 U.S.C. 1437g): Provided, That, notwithstanding section 9(d) of such Act, any amount of such balance not required for such purpose shall be made available only for increased liability insurance costs not reflected in the performance funding system formula (24 C.F.R. Part 990). For an additional amount for "Payments for the operation of lowincome housing projects", $65,000,000, as authorized by section 9 of the United States Housing Act of 1937, as amended (42 U.S.C. 1437g), to be available for obligation on September 25, 1987, and to remain available until September 30, 1988: Provided, That such amount shall be available only for insurance costs not reflected in the performance funding system formula.

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RENT SUPPLEMENT (RESCISSION)

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The limitation otherwise applicable to the maximum payments that may be required in any fiscal year by all contracts entered into under section 101 of the Housing and Urban Development Act of 1965 (12 U.S.C. 1701s), is further reduced in fiscal year 1987 by not more than $14,420,000 in uncommitted balances of authorizations provided for this purpose in appropriation Acts. RENTAL HOUSING ASSISTANCE (RESCISSION)

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The limitation otherwise applicable to the maximum payments that may be required in any fiscal year by all contracts entered into under section 236 of the National Housing Act (12 U.S.C. 1715z-l), is further reduced in fiscal year 1987 by not more than $2,699,000 in uncommitted balances of authorizations provided for this purpose in appropriation Acts. COMMUNITY PLANNING AND DEVELOPMENT

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URBAN RENEWAL LAND DISPOSITION PROCEEDS

Notwithstanding any other provision of law or other requirement, the City of Camden in the State of New Jersey is authorized to retain any land disposition proceeds from the financially closed-out Center City Urban Renewal Project (No. N.J. R.150) not paid to the Department of Housing and Urban Development and to use such

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