Page:United States Statutes at Large Volume 108 Part 1.djvu/389

 PUBLIC LAW 103-233—APR. 11, 1994 108 STAT. 363 SEC. 104. INTEREST RATES ON ASSIGNED MORTGAGES. Section 7(i)(5) of the Department of Housing and Urban Development Act (42 U.S.C. 3535(i)(5)) is amended by striking the first semicolon, and all that follows through "as determined by the Secretary". SEC. 105. AUTHORIZATION OF APPROPRIATIONS. (a) SPECIAL RISK INSURANCE FUND. —Section 238(b) of the National Housing Act (12 U.S.C. 1715z-3(b)) is amended by striking the fifth sentence. (b) GENERAL INSURANCE FUND. — Section 519 of the National Housing Act (12 U.S.C. 1735c) is amended— (1) by striking subsection (f); and (2) by redesignating subsection (g) (as added by section 103(g)(2) of this Act) as subsection (f). (c) MULTIFAMILY INSURANCE FUND APPROPRIATIONS.—Title V of the National Housing Act (12 U.S.C. 1731a et seq.) is amended by adding after section 541 (as added by section 101(e) of this Act) the following new section: "SEC 542. AUTHORIZATION OF APPROPRIATIONS FOR GENERAL AND 12 USC 1735f-20. SPECIAL RISK INSURANCE FUNDS. 'There are authorized to be appropriated such sums as may be necessary for each of fiscal years 1994 and 1995, to be allocated in any manner that the Secretary determines appropriate, for the following costs incurred in conjunction with programs authorized under the (General Insurance Fund, as provided by section 519, and the Special Risk Insurance Fund, as provided by section 238: "(1) The cost to the Government, as defined in section 502 of the Congressional Budget Act, of new insurance commitments. "(2) The cost to the Government, as defined in section 502 of the Congressional Budget Act, of modifications to existing loans, loan guarantees, or insurance commitments. "(3) The cost to the Government, as defined in section 502 of the Congressional Budget Act, of loans provided under section 203(f) of the Housing and Community Development Amendments of 1978. "(4) The costs of the rehabilitation of multifamily housing projects (as defined in section 203(b) of the Housing and Community Development Amendments of 1978) upon disposition by the Secretary.". TITLE II—OTHER PROGRAM REFORMS Subtitle A—Home Investment Partnerships Program SEC. 201. PARTICIPATION BY STATE AGENCIES OR INISTRUMENTAL- ITIES. Section 104(2) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12704(2)) is amended— (1) by striking "and" after "Columbia,"; and (2) by inserting before the period at the end the following: ", or any agency or instrumentality thereof that is established pursuant to legislation and designated by the chief executive

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