Page:United States Statutes at Large Volume 107 Part 1.djvu/291

 PUBLIC LAW 103-50 —JULY 2, 1993 107 STAT. 265 MANAGEMENT AND ADMINISTRATION SALARIES AND EXPENSES The third, fourth, and fifth provisos under this head in title II of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1993, Public Law 102-389, are repealed. 106 Stat. 1589. ADMINISTRATIVE PROVISIONS The accounts under the head "Management and administration", except the account for the Office of Inspector General, in title II, Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1992, Public Law 102-139, and the amounts in such accounts, are hereby merged into "Salaries and expenses", for the purposes of administering such accounts in accordance with title 31, United States Code, subchapter IV, chapter 15. The seventh paragraph under this heading in the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1993, Public Law 102- 389 (the second full paragraph at 106 Stat. 1591) is repealed. Of the $260,000,000 earmarked in Public Law 102-389 for special purpose grants (106 Stat. 1571, 1584), $1,750,000 made available to Los Angeles, California, for a loan fund to be administered by a nonprofit community organization in support of small business revitalization that will create a beneficial impact on employment, income, savings, and the development of a stronger community economic base in South Central Los Angeles shall instead be made available to the Brotherhood Crusade Black United Front of Los Angeles for the same purpose. Of the $260,000,000 earmarked in Public Law 102-389 for special purpose grants (106 Stat. 1571, 1584), $1,500,000 made available for a feasibility study on infrastructure improvements needed for the economic development of the Peoria, Illinois, area shall instead be made available for economic development in Marshall County, Illinois. Of the $54,250,000 earmarked in Public Law 101-507 for special purpose grants (104 Stat. 1351, 1357), $1,350,000 made available for the Bickerdike Redevelopment (Corporation for the rehabilitation of 70 units in three buildings, for rental to lowincome tenants in the City of Chicago shall instead be made available for the Bickerdike Redevelopment Corporation, for the creation of rental subsidy for 70 units of affordable housing for rental to low-income tenants in the City of Chicago. The Rental Subsidy program is to be set up through a secure investment portfolio by Bickerdike whereby principal and interest earned will be used to subsidize rents for a period of years. Notwithstanding any provision of law or regulation thereunder, the requirement that an amendment to an urban development action grant agreement must be integrally related to the approved project is hereby waived for project No. B84AB210149.

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