Page:United States Statutes at Large Volume 106 Part 5.djvu/119

 PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 3757 "(3) INSULAR AREAS. — For each fiscal year, of any amounts approved in appropriation Acts to carry out this title, the Secretary shall reserve for grants to the insular areas the greater of (A) $750,000, or (B) 0.2 percent of the amounts appropriated under such Acts. The Secretary shall provide for the distribution of amounts reserved under this paragraph among the insular areas pursuant to specific criteria for such distribution, which shall be contained in a regulation issued by the Secretary. ". (3) EXPEDITED ISSUANCE OF REGULATION. —The regulation referred to in the amendment made by paragraph (2)(D) shall take effect not later than the expiration of the 90-day period beginning on the date of the enactment of this Act. The regulation shall not be subject to the requirements of subsections (b) and (c) of section 553 of title 5, United States Code, or section 7(o) of the Department of Housing and Urban Development Act. (b) EFFECTIVE DATE. — The amendments made by subsection (a) shall apply with respect to fiscal year 1993 and thereafter. SEC. 212. COMMUNITY HOUSING PRODUCTION SET-ASIDE. (a) EXTENSION OF PBJRIOD.— Section 231 of the Cranston- Gonzalez National Affordable Housing Act (42 U.S.C. 12771) is amended by striking "18 months" each place it appears in subsections (a) and (b) and inserting "24 months". (b) ALLOCATION FOR USE BY NONPROFIT ORGANIZATION.— Section 231(a) of the Cranston-Cjronzalez National Affordable Housing Act (42 U.S.C. 12771(a)) is amended by inserting after the second sentence the following: "If during the first 24 months of its participation under this title, a participating jurisdiction is unable to identify a sufficient number of capable community housing development organizations, then up to 20 percent of the funds allocated to that jurisdiction under this section, but not to exceed $150,000, may be made available to carry out activities that develop the capacity of community housing development organizations in that jurisdiction. ". (c) OTHER REQUIREMENTS. — Section 234(b) of the Cranston- Gonzalez National Affordable Housing Act (42 U.S.C. 12774(b)) is amended— (1) by striking ", together with other Federal assistance,"; and (2) by inserting before the period the following: "or $50,000 annually, whichever is greater". SEC. 213. HOUSING EDUCATION AND ORGANIZATIONAL SUPPORT FOR COMMUNITY LAND TRUSTS. (a) COMMUNITY LAND TRUSTS. —Section 233 of the Cranston- Gonzalez National Affordable Housing Act (42 U.S.C. 12773) is amended— (1) in subsection (a)(2), by inserting ", including community land trusts, " after "organizations"; (2) in subsection (b), by adding at the end the following: "(6) COMMUNITY LAND TRUSTS.—Organizational support, technical assistance, education, training, and continuing sup- I>ort under this subsection may be made available to community and trusts (as such term is defined in subsection (f)) and to community groups for the establishment of community land trusts."; and Regulations. Effective date. 42 USC 12747 note. 42 USC 12704 note.

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