Page:United States Statutes at Large Volume 112 Part 3.djvu/698

 112 STAT. 2528 PUBLIC LAW 105-276—OCT. 21, 1998 Applicability. 42 USC 1437a note. "(i) occupies a dwelling unit in a public housing project; or "(ii) receives assistance under section 8; and "(B)(i) whose income increases as a result of employ- ment of a member of the family who was previously unemployed for 1 or more years; "(ii) whose earned income increases during the participation of a family member in any family self-sufficiency or other job training program; or "(iii) who is or was, within 6 months, assisted under any State program for temporary assistance for needy families funded under part A of title IV of the Social Security Act and whose earned income increases. "(4) APPLICABILITY. —This subsection and subsection (e) shall apply beginning upon October 1, 1999, except that this subsection and subsection (e) shall apply with respect to any family described in paragraph 3(A)(ii) only to the extent provided in advance in appropriations Acts. "(e) INDIVIDUAL SAVINGS ACCOUNTS.— "(1) IN GENERAL. —In lieu of a disallowance of earned income under subsection (d), upon the request of a family that qualifies under subsection (d), a public housing agency may establish an individual savings account in accordance with this subsection for that family. "(2) DEPOSITS TO ACCOUNT. —The public housing agency shall deposit in any savings account established under this subsection an amount equal to the total amount that otherwise would be applied to the family's rent payment under subsection (a) as a result of employment. "(3) WITHDRAWAL FROM ACCOUNT. —Amounts deposited in a savings account established under this subsection may only be withdrawn by the family for the purpose of— "(A) purchasing a home; "(B) paying education costs of family members; "(C) moving out of public or assisted housing; or "(D) paying any other expense authorized by the public housing agency for the purpose of promoting the economic self-sufficiency of residents of public and assisted housing.". (2) SAVINGS PROVISION.— Notwithstanding the amendment made by paragraph (1), the provisions of the undesignated paragraph at the end of section 3(c)(3) of the United States Housing Act of 1937, as such section was in effect immediately before the enactment of this Act, shall continue to apply until the effective date under section 503 of this Act. Notwithstanding the amendment made by subsection (a) of this section, nor the applicability under section 402(f) of The Balanced Budget Downpayment Act, I (42 U.S.C. 1437a note) of the amendments made by such section 402, nor any repeal of such section 402(f), the provisions of section 3(b)(5)(G) of the United States Housing Act of 1937 (42 U.S.C. 1437a(b)(5)(G)), as such section was in effect immediately before the date of the enactment of this Act, shall continue to apply until the effective date under section 503 of this Act. (c) MEDIAN INCOME.— (1) IN GENERAL. — Section 3(b)(2) of the United States Housing Act of 1937 (42 U.S.C. 1437a(b)(2)) is amended— (A) in the 4th sentence—

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