Page:United States Statutes at Large Volume 106 Part 5.djvu/202

 106 STAT. 3840 PUBLIC LAW 102-550—OCT. 28, 1992 subsection. The Secretary shall make reasonable efforts to ensure that pooled funds are distributed under this subparagraph in an equitable manner. "(B) RETURN TO THE STATES.—After funds have been pooled and obligated for 30 days, the Secretary shall return any remaining funds to the States on a proportional basis for use by any other eligible entity as defined in this section.", (b) EFFECTIVE DATE.— The amendment made by subsection (a)(5) shall take effect on October 1, 1993, and shall apply to fiscal year 1994 and each fiscal year thereafter. SEC. 709. CONSIDERATION OF CERTAIN AREAS AS RURAL AREAS. Section 520 of the Housing Act of 1949 (42 U.S.C. 1490) is amended by adding at the end the following new sentence: 'Notwithstanding any other provision of this section, the city of Plainview, Texas, shall be considered a rural area for purposes of this title.". SEC. 710. PERMANENT AUTHORITY FOR SECTION 523. Section 523 of the Housing Act of 1949 (42 U.S.C. 1490c) is amended— 42 USC 1485 note. (2) by striking subsection (f). SEC. 711. HOUSING PRESERVATION GRANTS FOR REPLACEMENT OF HOUSING. Section 533 of the Housing Act of 1949 (42 U.S.C. 1490m) is amended— (1) in subsection (a)— (A) by inserting "or replace" after "rehabilitate" each place it appears; and (B) in the second sentence, by inserting "or replaced" after "rehabilitated"; (2) in subsection (b)— (A) by striking "Rehabilitation programs" and inserting "Preservation programs"; (B) in paragraph (3), by inserting "or replacement" after "rehabilitation each place it appears; (C) in paragraph (4), by striking "repair and rehabilitation" and inserting repair, rehabilitation, and replacement"; (D) by redesignating paragraphs (2) through (6) (as amended by this paragraph) as paragraphs (3) through (7), respectively; and (E) by inserting after paragraph (1) the following new paragraph: (2) be used to provide loans or grants, not to exceed $15,000 per unit, to owners of single family housing to replace existing nousing if repair or rehabilitation of the housing is determined by the Secretary not to be practicable and the owner of the nousing is imable to afford a loan under section 502 for replacement housing;"; (3) in the first sentence of subsection (c)(l)> by striking "rehabilitation grant funds" and inserting "grant funds under this section"; and (4) in subsection (d)—

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