Page:United States Statutes at Large Volume 105 Part 2.djvu/769

 PUBLIC LAW 102-230—DEC. 12, 1991 105 STAT. 1721 Urban Development shall consider and accept, the final statement of community development objectives and projected use of funds required by section 104(a)(l) of the Housing and Community Development Act of 1974 (42 U.S.C. 5304(a)(1)) in connection with a grant to the City of Petersburg under title I of such Act for fiscal year 1991. SEC. 4. LOW-INCOME HOUSING COVENANTS. Section 515(p)(4) of the Housing Act of 1949 (42 U.S.C. 1485(p)(4)) is amended by adding at the end "The preceding sentence shall not be interpreted as authorizing the Secretary to— "(A) limit the ability of a housing credit agency to require an owner of housing, in order to receive a low-income housing tax credit, to enter into a restrictive covenant, in such form and for such period as the housing credit agency deems appropriate, to maintain the occupancy characteristics of the project as prescribed in section 42(h)(6) of the Internal Revenue Code of 1986; or "(B) deny or delay closing of financing under this section by reason of the existence, or occupancy terms, of any such restrictive covenant.". SEC. 5. FLOOD ELEVATION DETERMINATION. Louisiana. Notwithstanding the time limit set forth in section 1363(c) of the National Flood Insurance Act of 1968 (42 U.S.C. 4104 (c) and (d)), St. Charles Parish, Louisiana, may file an appeal with the Director of the Federal Emergency Management Agency with respect to certain flood elevation determinations for the area in and near the Ormond Country Club Estates located in St. Charles Parish, Louisiana, not later than June 1, 1992. Approved December 12, 1991. LEGISLATIVE fflSTORY—H.R. 3576: CONGRESSIONAL RECORD, Vol. 137 (1991): Oct. 21, considered and passed House. Nov. 23, considered and passed Senate, amended. Nov. 26, House concurred in Senate amendment. Ir»_Q9_9fi•QI..SPart2

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