Page:United States Statutes at Large Volume 104 Part 5.djvu/839

 PUBLIC LAW 101-625—NOV. 28, 1990 104 STAT. 4161 SEC. 416. EXTENSION OF SECTION 21 HOMEOWNERSHIP PROGRAM AND PROVISION OF TECHNICAL AND OTHER ASSISTANCE. Section 21(a) of the United States Housing Act of 1937 (42 U.S.C. 1437s(a)) is amended— (1) by striking subparagraph (B) of paragraph (2) and inserting the following new subparagraph: "(B) The Secretary may provide financial assistance to public housing agencies, resident management corporations, or resident councils that obtain, by contract or otherwise, training, technical assistance, and educational assistance as the Secretary determines to be necessary to promote homeownership opportunities under this section."; (2) in paragraph (2)(C), by striking "September 30, 1990." and inserting the following: "the effective date of the regulations implementing title III of this Act. The Secretary may not provide financial assistance under subparagraph (B), after such effective date, unless the Secretary determines that such assistance is necessary for the development of a homeownership program that was initiated, as determined by the Secretary, before the date of the enactment of such Act."; and (3) in paragraph (3)(C), by striking "September 30, 1990." and inserting the following: "the effective date of the regulations implementing title III of this Act. The authority for a resident management corporation to purchase 1 or more multifamily buildings in a public housing project from a public housing agency shall terminate after such effective date, unless the Secretary determines that such purchase is necessary for the development of a homeownership program that was initiated, as determined by the Secretary, before the date of the enactment of such title.". SEC. 417. AMENDMENT TO SECTION 5(h). (a) IN GENERAL. — Section 5(h) of the United States Housing Act of 1937 (42 U.S.C. 1437c(h)) is amended by adding at the end the following: "Any such sale shall be subject to the restrictions contained in section 304(g).". (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall not apply to applications submitted under section 5(h) of the United States Housing Act of 1937 prior to October 1, 1990. SEC. 418. IMPLEMENTATION. Not later than the expiration of the 180-day period beginning on the date that funds authorized under title III of the United States Housing Act of 1937 first become available for obligation, the Secretary shall by notice establish such requirements as may be necessary to carry out the provisions of this subtitle. Such requirements shall be subject to section 553 of title 5, United States Code. The Regulations Secretary shall issue regulations based on the initial notice before the expiration of the 8-month period beginning on the date of the notice. 42 USC 1437c note. 42 USC 1437aaa note. SEC. 419. APPLICABILITY TO INDIAN PUBLIC HOUSING. In accordance with section 201(b)(2) of the United States Housing Act of 1937, the amendments made by this subtitle shall also apply to public housing developed or operated pursuant to a contract between the Secretary of Housing and Urban Development and an 42 USC 1437aa note.

�