Page:United States Statutes at Large Volume 107 Part 1.djvu/290

 107 STAT. 264 PUBLIC LAW 103-50—JULY 2, 1993 tion of any funds from this transfer, such sums as may be necessary shall be rescinded from such Fund so that no amount so transferred shall increase departmental budget outlavs or budget authority: Provided further. That of the amounts otherwise available under the Flexible Subsidy Fund dtiring fiscal year 1993, an additional $2,000,000 are rescinded. During fiscal year 1993 additional conunitments to insure loans under this head shall not exceed a total principal, any part of which is to be guaranteed, of an additional $500,000,000. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GUARANTEES OF MORTGAGE-BACKED SECURITIES LOAN GUARANTEE PROGRAM ACCOUNT The limitation on new commitments during fiscal year 1993 to issue guarantees to carry out the purposes of section 306 of the National Housing Act, as amended (12 U.S.C. 172l(q)), is increased by an additional $30,000,000,000. COMMUNITY PLANNING AND DEVELOPMENT COMMUNITY DEVELOPMENT GRANTS (INCLUDING TRANSFER AND RESCISSION OF FUNDS) For an additional amount for "Community development grants", for use only for the repair, renovation, or replacement, or other authorized community development activities affecting structures damaged or destroyed by Hurricane Andrew, Hurricane Iniki, Tjrphoon Omar, and other Presidentially-declared disasters, to remain available until September 30, 1995, $40,000,000, to be derived by transfer from the $100,000,000 appropriated in the second paragraph under the head ''Annual contributions for assisted housing^ in the Dire Emergency Supplemental Appropriations Act, 1992, Public Law 102-368: P/iovuiec/, That the Secretary may waive entirely, or in any part, any requirement set forth in title I of the Housing and Community Development Act of 1974, except a requirement relating to fair housing and nondiscrimination, the environment, and labor standards, if the Secretary finds that such waiver will further the purposes of the use of the amount hereby transferred. Of the imobligated balances of amounts heretofore made available for activities under section 107 of the Housing and Community Development Act of 1974, and without regard for any provision of subsection (a) of section 107 of such Act, or any earmarks for such section 107 set forth under this head in any prior appropriations Act, $45,000,000 are rescinded. For an additional amount for "Community development grants", for use for authorized community development activities only in areas impacted by Hurricane Andrew, Hurricane Iniki, or Typhoon Omar, $45,000,000, to remain available until September 30, 1995: Provided, That the Secretary may waive entirely, or in any part, any requirement set forth in title I of the Housing and Community Development Act of 1974, except a requirement relating to fair housing and nondiscrimination, the environment, and labor standards, if the Secretary finds that such waiver will further the purposes of the use of the amount hereby appropriated.

�