Page:United States Statutes at Large Volume 104 Part 5.djvu/857

 PUBLIC LAW 101-625—NOV. 28, 1990 104 STAT. 4179 the disposition by such recipient of the proceeds of assistance received under this subtitle (and any proceeds from financing obtained or sales under subsections (b) and (c)), the total cost of the homeownership program in connection with which such assistance is given or used, and the amount and nature of that portion of the program supplied by other sources, and such other sources as will facilitate an effective audit. (2) ACCESS BY THE SECRETARY. — The Secretary shall have access for the purpose of audit and examination to any books, documents, papers, and records of the recipient that are pertinent to assistance received under this subtitle. (3) ACCESS BY THE COMPTROLLER GENERAL.—The Comptroller General of the United States, or any of the duly authorized representatives of the Comptroller General, shall also have access for the purpose of audit and examination to any books, documents, papers, and records of the recipient that are pertinent to assistance received under this subtitle. SEC. 446. DEFINITIONS. 42 USC 12896. For purposes of this subtitle: (1) The term "applicant" means a private nonprofit organization, cooperative association, or a public agency (including an agency or instrumentality thereof) in cooperation with a private nonprofit organization. (2) The term "displaced homemaker" has the same meaning as in section 104. (3) The term "eligible family" means a family or individual who— (A) has an income that does not exceed 80 percent of the median income for the area, as determined by the Secretary with adjustments for smaller and larger families; and (B) is a first-time homebuyer. (4) The term "eligible property" means a single family property, containing no more than four units, that is owned or held by the Secretary, the Secretary of Veterans Affairs, the Secretary of Agriculture, the Resolution Trust Corporation, a State or local government (including any in rem property), or a public housing agency or an Indian housing authority (including scattered site single family properties, and properties held by institutions within the jurisdiction of the Resolution Trust Corporation). (5) The term "first-time homebuyer" has the same meaning as in section 104. (6) The term "homeownership program" means a program for homeownership under this subtitle. (7) The term "Indian housing authority" has the meaning given such term in section 3(b)(ll) of the United States Housing Act of 1937. (8) The term "low-income family" has the meaning given such term in section 3(b)(2) of the United States Housing Act of 1937. (9) The term "public housing agency" has the meaning given such term in section 3(b)(6) of the United States Housing Act of 1937. (10) The term "recipient" means an applicant approved to receive a grant under this subtitle or such other entity specified in the approved application that will assume the obligations of the recipient under this subtitle.

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