Page:United States Statutes at Large Volume 104 Part 5.djvu/1068

 104 STAT. 4390 PUBLIC LAW 101-625—NOV. 28, 1990 (A) IN GENERAL.— Section 108 of the Housing and Commu- - nity Development Act of 1974 (42 U.S.C. 5308) is amended by striking "unit of general local government" or "units of general local government" each place such terms appear and inserting "eligible public entity" or "eligible public entities", respectively. (B) CONFORMING AMENDMENT.— Section 108(h) of the Housing and Community Development Act of 1974 (42 U.S.C. 5308(h)) is amended by striking "unit or agency" and inserting "entity or agency". (2) GUARANTEE OF HOUSING CONSTRUCTION AND OTHER LOANS.— Section 108(a) of the Housing and Community Development Act of 1974 (42 U.S.C. 5308(a)) is amended in the first sentence— (A) by striking "; or" and inserting a semicolon; and (B) by inserting before the period at the end the following: "; or (4) construction of housing by nonprofit organizations for homeownership under section 17(d) of the United States Housing Act of 1937 or title VI of the Housing and Community Development Act of 1987". (3) STATE ASSISTANCE IN APPLICATIONS. —Section 108 of the Housing and Community Development Act of 1974 (42 U.S.C. 5308) is amended by adding at the end the following new ^ subsection: "(n) Any State that has elected under section 106(d)(2)(A) to distribute funds to units of general local government in nonentitle-, ment areas may assist such units in the submission of applications for guarantees under this section.". (4) STATE GRANTS AS SECURITY. — (A) IN GENERAL. —Section 108(d) of the Housing and Community Development Act of 1974 (42 U.S.C. 5308(d)) is amended— (i) by inserting "(1)" after "(d)"; (ii) by redesignating paragraphs (1), (2), and (3), as subparagraphs (A), (B), and (C), respectively; and ^ (iii) by adding at the end the following new paragraph: "(2) To assist in assuring the repayment of notes or other obligations and charges incurred under this section, a State shall pledge any grant for which the State may become eligible under this title as security for notes or other obligations and charges issued under this section by any unit of general local government in a nonentitlement area in the State.". (B) REPAYMENTS.— Section 108(e) of the Housing and Community Development Act of 1974 (42 U.S.C. 5308(e)) is amended by striking "subsection (d)(2)" and inserting "paragraphs (I)(B) and (2) of subsection (d)". (5) DEFINITION. —Section 18 of the Housing and Community Development Act of 1974 (42 U.S.C. 5308) (as previously amended by this section) is further amended by adding at the end the following new subsection: X "(o) For purposes of this section, the term 'eligible public entity' means any unit of general local government, including units of general local government in nonentitlement areas.". (c) LOAN REPAYMENT PERIOD. —Section 108(a) of the Housing and Community Development Act of 1974 (42 U.S.C. 5308(a)), as amended by the preceding provisions of this Act, is further amended by

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