Page:United States Statutes at Large Volume 104 Part 5.djvu/959

 PUBLIC LAW 101-625—NOV. 28, 1990 104 STAT. 4281 assistance to structures to ensure that all units occupied by tenants who are lower income families (as such term is defined in section 3(b) of the United States Housing Act of 1937) pay rents not exceeding 30 percent of their adjusted incomes. Any project receiving assistance hereunder shall be subject to standards, inspections and sanctions established by the Secretary under section 224(e) of the Housing and Community Development Act of 1987. Any such section 8 assistance shall be provided for a term and at the fair market rent levels or such higher levels used as applicable for eligible low-income housing that receives incentives under subtitle B of title II of the Housing and Community Development Act of 1987. (3) RESTRICTION.— Assistance may be provided under this subsection only to State and local housing authorities that require any housing receiving such assistance to remain affordable for lower and moderate income tenants for the period during which assistance under this subsection is received. TITLE VII—RURAL HOUSING SEC. 701. PROGRAM AUTHORIZATIONS. (a) INSURANCE AND GUARANTEE AUTHORITY.—Section 513(a)(l) of the Housing Act of 1949 (42 U.S.C. 1483(a)(l)) is amended to read as follows: "(a)(l) The Secretary may, to the extent approved in appropriation Acts, insure and guarantee loans under this title during fiscal years 1991 and 1992, in aggregate amounts not to exceed $2,125,800,000 and $2,217,150,000, respectively, as follows: "(A) For insured or guaranteed loans under section 502 on behalf of low-income borrowers receiving assistance under section 521(aKl), $1,391,300,000 for fiscal year 1991 and $1,451,100,000 for fiscal year 1992. "(B) For guaranteed loans under section 502(h) on behalf of low and moderate income borrowers, such sums as may be appropriated for fiscal years 1991 and 1992. "(C) For loans under section 504, $11,900,000 for fiscal year 1991 and $12,400,000 for fiscal year 1992. "(D) For insured loans under section 514, $12,000,000 for fiscal year 1991 and $12,500,000 for fiscal year 1992. "(E) For insured loans under section 515, $709,000,000 for fiscal year 1991 and $739,500,000 for fiscal year 1992. " (F) For loans under section 523(b)(l)(B), $800,000 for fiscal year 1991 and $800,000 for fiscal year 1992. "(G) For site loans under section 524, $800,000 for fiscal year 1991 and $850,000 for fiscal year 1992.". (b) AUTHORIZATION OF APPROPRIATIONS. —Section 5130t)) of the Housing Act of 1949 (42 U.S.C. 1483(b)) is amended to read as follows: "(b) There are authorized to be appropriated for fiscal years 1991 and 1992, and to remain available until expended, the following amounts: "(1) For grants under section 502(fKl), $1,000,000 for fiscal year 1991 and $1,100,000 for fiscal year 1992. "(2) For grants under section 504, $20,200,000 for fiscal year 1991 and $21,100,000 for fiscal year 1992.

�