Page:United States Statutes at Large Volume 108 Part 3.djvu/564

 108 STAT. 2316 PUBLIC LAW 103-327—SEPT. 28, 1994 12 USC 1715n. Effective date. 12 USC 1715n note. 12 USC 4112 note, 4112, 4119. 12 USC 3751-3768. "(2) SHARE FROM REDUCED ASSISTANCE PAYMENTS.— The Secretary may pay the up front cost of refinancing only— "(A) to the extent that funds accrue to the Secretary from the reduced assistance payments that results from the refinancing; and "(B) after the application of amounts in accordance with section 1012 of the Stewart B. McKinney Homeless Assistance Amendments Act of 1988.". Section 223(a)(7) of the National Housing Act (42 U.S.C. 1751n(a)(7)) is amended in subparagraph (B), by striking "and" at the end; and by inserting, before ": Provided further" in said paragraph, the following: "; and (D) any multifamily mortgage that is refinanced under this paragraph shall be documented through amendments to the existing insurance contract and shall not be structured through the provisions of a new insurance contract". The amendments of the two immediately preceding paragraphs shall be effective only during fiscal year 1995. Section 601 of title VI of S. 2281 (103d Cong., 2d Sess), as reported to the Senate on July 13 (legislative day, July 11), 1994 (S. Rep. 103-307), is hereby incorporated into this Act, and such section 601 is deemed enacted into law upon enactment of this Act: Provided, That the provisions of such section 601 shall be effective only during fiscal year 1995. Title VIII of S. 2281 (103d Cong., 2d Sess), as reported to the Senate on July 13 (legislative day, July 11), 1994 (S. Rep. 103-307), is hereby incorporated into this Act, and such title VIII is deemed enacted into law upon enactment of this Act. Notwithstanding any other provision of law, the New York City Housing Authority is authorized to use not more than $12,420,000, from development reservation number NY36P005324 for 100 public housing units previous awarded from funds appropriated under Public Law 101-507 (Nov. 5, 1990), for the purpose of completing a homeownership program involving not more than 463 dwelling units located in Bronx County, in the City of New York, in accordance with a certain submission dated November 16, 1993 made in response to a Notice of Funding Availability issued at 58 Fed. Reg. 41127. The Secretary of Housing and Urban Development shall thereafter add a similar number of existing non-Federal public housing units, designated by the Authority, to the agency's inventory of federally-assisted public housing developments and said units shall, for all purposes other than the repay- ment of any debt associated with their development or rehabilitation, be considered as if initially developed under title I of the Housing Act of 1937. TITLE III INDEPENDENT AGENCIES AMERICAN BATTLE MONUMENTS COMMISSION SALARIES AND EXPENSES For necessary expenses, not otherwise provided for, of the American Battle Monuments Commission, including the acquisition of land or interest in land in foreign countries; purchases and repair of uniforms for caretakers of national cemeteries and monuments outside of the United States and its territories and posses-

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