Page:United States Statutes at Large Volume 106 Part 5.djvu/204

 106 STAT. 3842 PUBLIC LAW 102-550—OCT. 28, 1992 Termination date. 42 USC 1490o. 42 USC 1490o note. "(1) to review and process applications under section 502(c) and section 515(t) related to the preservation of rural rental housing; "(2) to provide technical or financial assistance to any other projects needing such assistance; "(3) to coordinate and direct all other activities related to the preservation of rural housing; and "(4) to monitor compliance of projects prepcdd or receiving incentives \mder the Housing Act of 1949.". SEC. 713. DISASTER ASSISTANCE. Section 541(a)(l) of the Housing Act of 1949 (42 U.S.C. 1490q(a)(l)) is amended in the first sentence by striking "amounts available under this title" and inserting "amounts made available to the Secretary by an appropriations Act for such purpose". SEC. 714. PROHIBITION ON TRANSFER OF RURAL HOUSING PRO- GRAMS. Section 501 of the Housing Act of 1949 (42 U.S.C. 1471) is amended by adding at the end the following new subsection: "(j) PROGRAM TRANSFERS. —Notwithstanding any other provision of law, the Secretary shall not transfer any program authorized by this title to the Rural Development Administration.". SEC. 715. SITE ACQUISITION AND DEVELOPMENT. Section 524(a) of the Housing Act of 1949 (42 U.S.C. 1490d(a)) is amended— (1) by inserting "(1) IN GENERAL. —" before The Secretary" in the first sentence; and (2) by adding at the end the following: "(2) REVOLVING FUNDS.—The Secretary may make grants to nonprofit housing agencies to establish revolving loan funds for the acquisition and preparation of building sites for lowincome housing. Any proceeds and repayments m)m such loans shall be returned to the revolving loan fund to be used for purposes related to this section. Loan funds and interest pay- ments shall be used solely for the acquisition of land; the preparation of land for building sites; the payment of reimbursable legal and technical costs; and technical assistance and administrative costs, not to exceed 10 percent of the fund.". SEC. 716. RECIPROCnY IN APPROVAL OF HOUSING SUBDIVISIONS AMONG FEDERAL AGENCIES. (a) EXTENSION OF AUTHORITY. — Section 535(b) of the Housing Act of 1949 (42 U.S.C. 1490o(b)) is amended by striking the last sentence and inserting the following new sentence: This subsection shall not apply after June 15, 1993.. (b) RETROACTIVITY.—Any administrative approval of any housing subdivision made afi«r the expiration of the 18-month period beginning on the date of the enactment of the Department of Housing and Urban Development Reform Act of 1989 and before the date of the enactment of this Act is approved and shall be considered to have been lawfully made, but only if otherwise made in accordance with the provisions of section 535(b) of"^the Housing Act of 1949. (c) APPROVAL BY LOCAL, COUNTY, OR STATE AGENCIES. —Section 535 of the Housing Act of 1949 (42 U.S.C. 1490o) is amended by adding at the end the following new subsection:

�