Page:United States Statutes at Large Volume 110 Part 1.djvu/858

 110 STAT. 834 PUBLIC LAW 104-120—MAR. 28, 1996 Public Law 104-120 104th Congress Mar. 28, 1996 [S. 1494] Housing Opportunity Program Extension Act of 1996. 12 USC 1701 note. 42 USC 1437f note. 12 USC 4101 note. An Act To provide an extension for fiscal year 1996 for certain programs administered by the Secretary of Housing and Urban Development and the Secretary of Agriculture, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the "Housing Opportunity Program Extension Act of 1996". SEC. 2. MULTIFAMILY HOUSING ASSISTANCE. (a) SECTION 8 CONTRACT RENEWAL. —Notwithstanding section 405(b) of the Balanced Budget Downpayment Act, I (Public Law 104-99; 110 Stat. 44), at the request of the owner of any project assisted under section 8(e)(2) of the United States Housing Act of 1937 (as such section existed immediately before October 1, 1991), the Secretary of Housing and Urban Development may renew, for a period of 1 year, the contract for assistance under such section for such project that expires or terminates during fiscal year 1996 at current rent levels. (b) LOW-INCOME HOUSING PRESERVATION.— (1) USE OF AMOUNTS. — Notwithstanding any provision of the Balanced Budget Downpayment Act, I (Public Law 104- 99; 110 Stat. 26) or any other law, the Secretary shall use the amounts described in paragraph (2) of this subsection under the authority and conditions provided in the second undesignated paragraph of the item relating to "HOUSING PROGRAMS— ANNUAL CONTRIBUTIONS FOR ASSISTED HOUSING" in title II of the bill, H.R. 2099 (104th Congress), as passed the House of Representatives on December 7, 1995; except that for purposes of this subsection, any reference in such undesignated paragraph to March 1, 1996, shall be construed to refer to April 15, 1996, any reference in such paragraph to July 1, 1996, shall be construed to refer to August 15, 1996, and any reference in such paragraph to August 1, 1996, shall be construed to refer to September 15, 1996. (2) DESCRIPTION OF AMOUNTS.— Except as otherwise provided in any future appropriation Act, the amounts described under this paragraph are any amounts that— (A) are— (i) unreserved, unobligated amounts provided in an appropriation Act enacted before the date of the enactment of this Act;

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