Page:United States Statutes at Large Volume 101 Part 3.djvu/594

 101 STAT. 1892

PUBLIC LAW 100-242—FEB. 5, 1988 $1,104,000,000 for fiscal year 1988 and $1,116,144,000 for fiscal year 1989. "(B) For loans under section 504, $11,335,000 for fiscal year 1988 and $11,460,000 for fiscal year 1989. "(C) For insured loans under section 514, $11,485,000 for fiscal year 1988 and $11,612,000 for fiscal year 1989. "(D) For insured loans under section 515, $647,000,000 for fiscal year 1988 and $654,117,000 for fiscal year 1989. "(E) For loans under section 523(b)(1)(B), $1,000,000 for fiscal year 1988 and $1,011,000 for fiscal year 1989. "(F) For site loans under section 524, $575,000 for fiscal year 1988 and $581,000 for fiscal year 1989.". (b) AUTHORIZATION OF APPROPRIATIONS.—Section 5130t)) of

42 USC 1483.

the

Housing Act of 1949 is amended to read as follows: "(b) There are authorized to be appropriated for fiscal years 1988 and 1989, and to remain available until expended, the following amounts: "(1) For grants under section 504, $13,113,000 for fiscal year 1988 and $13,362,000 for fiscal year 1989. "(2) For purposes of section 509(c), $713,000 for fiscal year 1988 and $727,000 for fiscal year 1989. "(3) Such sums as may be necessary to meet payments on notes or other obligations issued by the Secretary under section 511 equal to— "(A) the aggregate of the contributions made by the Secretary in the form of credits on principal due on loans made pursuant to section 503; and "(B) the interest due on a similar sum represented by notes or other obligations issued by the Secretary. "(4) For financial assistance under section 516, $9,979,000 for fiscal year 1988 and $10,169,000 for fiscal year 1989. "(5) For grants under section 523(f), $8,392,000 for fiscal year 1988 and $8,551,000 for fiscal year 1989. "(6) For grants under section 533, $20,078,000 for fiscal year 1988 and $20,460,000 for fiscal year 1989.". (c) RENTAL ASSISTANCE PAYMENT CONTRACTS.—Section 513(c) of the Housing Act of 1949 is amended to read as follows: "(c)(1) The Secretary, to the extent approved in appropriation Acts for fiscal years 1988 and 1989, may enter into rental assistance payment contracts under section 521(a)(2)(A) aggregating $275,310,000 for fiscal year 1988 and $280,000,000 for fiscal year 1989. "(2) Any authority approved in appropriation Acts for fiscal year 1988 or any succeeding fiscal year for rental assistance payment contracts under section 521(a)(2)(A) shall be used by the Secretary— "(A) to renew rental assistance payment contracts that expire during such fiscal year; "(B) to provide amounts required to continue rental assistance payments for the remaining period of an existing contract, in any case in which the original amount of rental assistance is used prior to the end of the term of the contract; and "(C) to make additional rental assistance payment contracts for existing or newly constructed dwelling units.". (d) SUPPLEMENTAL RENTAL ASSISTANCE CONTRACTS.—Section 513 of

the Housing Act of 1949 is amended by adding at the end the following new subsection:

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