Page:United States Statutes at Large Volume 104 Part 5.djvu/850

 104 STAT. 4172 PUBLIC LAW 101-625—NOV. 28, 1990 42 USC 12879. SEC. 430. IMPLEMENTATION. Not later than the expiration of the 180-day period beginning on the date that funds authorized under this subtitle 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, Regulations. United States Code. The 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 12880. SEC. 431. ANNUAL REPORT. The Secretary shall annually submit to the Congress a report setting forth— (1) the number, type and cost of eligible properties transferred pursuant to this suotitle; (2) the income, race, gender, children and other characteristics of families participating (or not participating) in homeownership programs funded under this subtitle; (3) the amount and type of financial assistance provided under and in conjunction with this subtitle; (4) the amount of financial assistance provided under this subtitle that was needed to ensure continued affordability and meet future maintenance and repair costs; and (5) the recommendations of the Secretary for statutory and regulatory improvements to the program. Subtitle C—HOPE for Homeownership of Single Family Homes 42 USC 12891. SEC. 441. PROGRAM AUTHORITY. (a) IN GENERAL. —The Secretary is authorized to make— (1) planning grants to help applicants develop homeownership programs in accordance with this subtitle; and (2) implementation grants to enable applicants to carry out homeownership programs in accordance with this subtitle. Oi) AUTHORIZATION OF APPROPRIATIONS.— There are authorized to be appropriated for grants under this subtitle $36,000,000 for fiscal year 1991, and $195,000,000 for fiscal year 1992. Any amounts appropriated pursuant to this subsection shall remain available until expended. 42 USC 12892. SEC. 442. PLANNING GRANTS. (a) GRANTS.—The Secretary is authorized to make planning grants to applicants for the purpose of developing homeownership programs under this subtitle. The amount of a planning grant under this section may not exceed $200,000, except that the Secretary may for good cause approve a grant in a higher amount. (b) ELIGIBLE AcnviriES.— Planning grants may be used for activities to develop homeownership programs (which may include programs for cooperative ownership), including— (1) identifying eligible properties; (2) training and technical assistance of applicants related to the development of a specific homeownership program; (3) studies of the feasibility of specific homeownership programs;

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