Page:United States Statutes at Large Volume 106 Part 1.djvu/925

 PUBLIC LAW 102-341—AUG. 14, 1992 106 STAT. 893 in this Act and merged with this account: Provided, That not to exceed $500,000 shall be for employment under 5 U.S.C. 3109, FARMERS HOME ADMINISTRATION RURAL HOUSING INSURANCE FUND PROGRAM ACCOUNT For gross obligations for the principal amount of direct and guaranteed loans as authorized by title V of the Housing Act of 1949, as amended, to be available from funds in the Rural Housing Insurance Fund, as follows: $1,624,500,000 for loans to section 502 borrowers, as determined by the Secretary, of which $329,500,000 shall be for imsubsidized guaranteed loans; $11,330,000 for section 504 housing repair loans; $16,300,000 for section 514 farm labor housing; $573,900,000 for section 515 rental housing; $600,000 for site loans; and $187,000,000 for credit sales of acquired property: Provided, That up to $35,000,000 of these funds shall be made available for section 502(g), Deferral Mortgage Demonstration. For the cost of direct and guaranteed loans, including the cost of modifying loans, as defined in section 502 of the Congressional Budget Act of 1974, as follows: low-income housing section 502 loans, $313,039,000, of which $6,096,000 shall be for unsubsidized guaranteed loans; section 504 housing repair loans, $4,548,000; section 514 farm labor housing, $8,029,000; section 515 rental housing, $305,602,000; and credit sales of acquired property, $25,039,000. ){ In addition, for administrative expenses necessary to carry out the direct and guaranteed loan programs, $427,011,000. RENTAL ASSISTANCE PROGRAM For rental assistance agreements entered into or renewed pursuant to the authority under section 521(a)(2) of the Housing Act of 1949, as amended, $337,699,000; and in addition such sums as may be necessary, as authorized by section 521(c) of the Act, to Uqmdate debt incurred prior to fiscal year 1993 to carry out the Rental Assistance Program under section 521(a)(2) of the Act: Provided, That of this amount not more than $11,800,000 shall be available for debt forgiveness or payments for eligible households as authorized by section 502(c)(5)(D) of the Act, and not to exceed $10,000 per project for advances to nonprofit organizations or public agencies to cover direct costs (other than purchase price) incurred in purchasing projects pursuant to section 502(c)(5)(C) of the Act: Provided further, That of this amount not less than $122,532,000 is available for newly constructed units financed by section 515 of the Housing Act of 1949, as amended, and not more than $5,214,000 is for newly constructed units financed under sections 514 and 516 of the Housing Act of 1949: Provided further, That $199,034,000 is available for expiring agreements and for servicing of existing iinits without agreements: Provided further. That agree- ^ ments entered into or renewed during fiscal year 1993 shall be funded for a five-year period, although the life of any such agreement may be extended to fully utilize amounts obligated: Provided further. That agreements entered into or renewed during fiscal years 1989, 1990, 1991, and 1992 may also be extended beyond five years to fully utilize amounts obligated.

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