Page:United States Statutes at Large Volume 104 Part 5.djvu/1009

 PUBLIC LAW 101-625—NOV. 28, 1990 104 STAT. 4331 (8) The term "Secretary" means the Secretary of Housing and Urban Development. (9) The term "very low-income" has the same meaning as given the term "very low-income families" under section 3(b)(2) of the United States Housing Act of 1937. (1) AUTHORIZATIONS. — (1) CAPITAL ADVANCES.—T here are authorized to be appropriated for the purpose of funding capital advances in accordance with subsection (d)(1), $271,000,000 for fiscal year 1992. Amounts so appropriated, the repayments from such advances, and the proceeds from notes or obligations issued under this section prior to the enactment of this Act shall constitute a revolving fund to be used by the Secretary in carrying out this section. (2) PROJECT RENTAL ASSISTANCE. — For the purpose of funding contracts for project rental assistance in accordance with subsection (d)(2), the Secretary may, to the extent approved in an appropriations Act, reserve authority to enter into obligations aggregating $246,000,000 for fiscal year 1992. (m) EFFECTIVE DATE AND APPLICABILITY. — (1) IN GENERAL.—The amendments made by this section shall take effect on October 1, 1991, with respect to projects approved on or after such date. The Secretary shall issue regulations for Regulations, such purpose after notice and public comment. (2) EARUER APPLICABILITY.— The Secretary shall, upon the request of an owner, apply the provisions of this section to any housing for which a loan reservation was made under section 202 of the Housing Act of 1959 before the date of enactment of this Act but for which no loan has been executed and recorded. In the absence of such a request, any housing identified under the preceding sentence shall continue to be subject to the provisions of section 202 of the Housing Act of 1959 as they were in effect when such assistance was made or reserved. (3) COORDINATION. —When responding to an owner's request under paragraph (1), the Secretary shall, notwithstanding any other provision of law, apply such portion of amounts obligated at the time of loan reservation, including amounts reserved with respect to such housing under section 8 of the United States Housing Act of 1937, as are required for the owner's housing under the provisions of this section and shall make any remaining portion available for other housing under this section. Subtitle C—Supportive Housing for the Homeless PART 1—REVISED MCKINNEY ACT SEC. 821. AMENDMENT TO MCKINNEY ACT. (a) IN GENERAL.— Title IV of the Stewart B. McKinney Homeless Assistance Act is amended to read as follows:

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