Page:United States Statutes at Large Volume 104 Part 5.djvu/870

 104 STAT. 4192 PUBLIC LAW 101-625-NOV. 28, 1990 (D) Subsection (h). (E) The first sentence of subsection (i)(l). (F) In subsection (k), in paragraphs (2)(B)(i), (2)(B)(ii), (2)(C)(i), (2)(C)(ii). (3), (4), (5)(B), and (6). (G) Subsection (1)(2). (2) EXCEPTION.— Effective October 1, 1992, section 14(k)(2)(D)(i) of the United States Housing Act of 1937 (42 U.S.C. 1437Z(k)(2)(D)(i)), as amended by this section, is further amended by striking "400" and inserting "200". (f) TRANSITION.— Section 14 of the United States Housing Act of 1937 (42 U.S.C. 1437Z), as amended by the preceding provisions of this Act, is further amended by adding at the end the following new subsection: "(o) Any amount that the Secretary has obligated to a public housing agency under this section other than pursuant to the program established under subsection (e), shall be used for the purposes for which such amount was provided, or for purposes consistent with an action plan submitted by the agency under subsection (e) and approved by the Secretary, as the agency determines to be appropriate.". (g) SECTION HEADING.— The section heading of section 14 of the United States Housing Act of 1937 (42 U.S.C. 1437/) is amended to read as follows: "PUBLIC AND INDIAN HOUSING MODERNIZATION". 42 USC 1437Z (h) REGULATIONS.— "o*^- (1) IN GENERAL. —The Secretary of Housing and Urban Development shall implement the amendments made by this section by rule under section 553 of title 5, United States Code. The Secretary shall consult with the Congress, public housing agencies, and professional organizations representing public housing agencies before publishing a proposed rule pursuant to such section. The proposed rule shall be published not later than the expiration of the 120-day period beginning on the date of the enactment of this Act. (2) ALLOCATION FORMULA. —The Secretary of Housing and Urban Development shall establish the allocation formula under section 14(k)(2)(A) of the United States Housing Act of 1937, as amended by subsection (a) of this section, by rule under section 553 of title 5, United States Code. In publishing a proposed rule regarding the formula pursuant to such section 553, the Secretary shall describe— (A) the analytic basis for the formula; (B) the weight assigned to the various criteria contained in the formula pursuant to such section 14(k)(2); (C) deductions from the formula share for amounts received for modernization activities under section 14 and major reconstruction of obsolete projects; and (D) any other information the Secretary determines is appropriate. (3) ALTERNATIVE FORMULAS. — When publishing the proposed rule required under paragraph (2), the Secretary of Housing and Urban Development may, at the discretion of the Secretary, publish alternaitive formulas, identifying the weights assigned to the various criteria under the formulas, and explaining the

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