Page:United States Statutes at Large Volume 106 Part 5.djvu/395

 PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 4033 'SEC. 483. TERM OF CONTRACT AND AMOUNT OF ASSISTANCE. assistance under this part shall be for a term of 5 years. "(b) AMOUNT OF ASSISTANCE. —Each contract shall provide that the recipient shall receive aggregate amounts not to exceed the appropriate existing housing fair market rental under section 8(c)(l) of the United States Housing Act of 1937 in effect at the time the application is approved. Any amounts not needed for a year may be used to increase the amount available in subsequent years. "PART V—SECTION 8 MODERATE REHABILITA- TION ASSISTANCE FOR SINGLE-ROOM OCCU- PANCY DWELLINGS 42 USC 11406b. The Secretary may use amounts made available under section 463 in connection with the moderate rehabilitation of single room occupancy housing described in section 8(n) of the United States Housing Act of 1937 for occupancy by eligible persons in accordance with this part. Amounts available under section 463 may be used in connection with the moderate rehabilitation of efiEiciency units if the building owner agrees to pay the additional cost of rehabilitating and operating the efficiency imits. '9EC. 487. FIRE AND SAFETY IMPROVEMENTS. "Each contract for housing assistance payments entered into under this part shall require the installation of a sprinkler system that protects all major spaces, hard-wired smoke detectors, and any other fire safety improvements as may be required by State or local law. For purposes of this section, the term 'msyor spaces' means hallways, large common areas, and other areas specified in local fire, building, or safety codes. 'nSEC. 488. CONTRACT REQUIREMENTS. "Each contract for annual contributions entered into by the Secretary with a public housing agency to obligate the authority made available under section 463 for use under this part shall— "(1) commit the Secretary to make the authority available to the public housing agency for an aggregate period of 10 years, and require that any amendments increasing the authority shall be available for the remainder of such 10-year period; "(2) provide the Secretary with the option to renew the contract for an additional period of 10 years, subject to the availability of authority; and " (3) provide that, notwithstanding any other provision of law, first priority for occupancy of housing rehabilitated under this part shall be given to homeless persons.". (g) TECHNICAL AND CONFORMING AMENDMENTS. — Subtitle F of title IV of the Stewart B. McKinney Homeless Assistance Act (42 U.S.C. 11403 et seq.), as amended by the preceding provisions of this section, is further amended— (1) by striking the heading for part I and inserting the following new heading: 42 USC 11407. 42 USC 11407a. 42 USC 11407b. 42 USC prec. 11403.
 * (a) TERM OF CONTRACT. — The contract with a recipient of
 * nSEC. 486. AUTHORITY.

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