Page:United States Statutes at Large Volume 112 Part 3.djvu/719

 PUBLIC LAW 105-276—OCT. 21, 1998 112 STAT. 2549 the enactment of this Act. Notwithstanding the inclusion in this Act of any provision extending the effectiveness of such section or such amendments, such provision included in this Act shall not take effect. (g) APPLICABILITY.— This section shall take effect on, and the 12 USC i70is amendments made by this section are made on, and shall apply ^^ote. beginning upon, the date of the enactment of this Act. SEC. 515. JOINT VENTURES AND CONSORTIA OF PUBLIC HOUSING AGENCIES; REPEAL OF ENERGY CONSERVATION PROVI- SIONS. Section 13 of the United States Housing Act of 1937 (42 U.S.C. 1437k) is amended to read as follows: " SEC. 13. CONSORTIA, JOINT VENTURES, AFFILIATES, AND SUBSIDI- ARIES OF PUBLIC HOUSING AGENCIES. "(1) IN GENERAL.— Any 2 or more public housing agencies may participate in a consortium for the purpose of administering any or all of the housijig programs of those public housing agencies in accordance with this section. "(2) EFFECT. —With respect to any consortium described in paragraph (1)— "(A) any assistance made available under this title to each of the public housing agencies participating in the consortium shall be paid to the consortium; and "(B) all planning and reporting requirements imposed upon each public housing agency participating in the consortium with respect to the programs operated by the consortium shall be consolidated. "(3) RESTRICTIONS.— "(A) AGREEMENT. —Each consortium described in paragraph (1) shall be formed and operated in accordance with a consortium agreement, and shall be subject to the requirements of a joint public housing agency plan, which shall be submitted by the consortium in accordance with section 5A "(B) MINIMUM REQUIREMENTS.—The Secretary shall specify minimum requirements relating to the formation and operation of consortia and the minimum contents of consortium agreements under this paragraph. "(b) JOINT VENTURES.— "(1) IN GENERAL.— Notwithstanding any other provision of law, a public housing agency, in accordance with the public housing agency plan, may— "(A) form and operate wholly owned or controlled subsidiaries (which may be nonprofit corporations) and other affiliates, any of which may be directed, managed, or controlled by the same persons who constitute the board of directors or similar governing body of thepublic housing agency, or who serve as employees or staff of the public housing agency; or "(B) enter into joint ventures, partnerships, or other business arrangements with, or contract with, any person, organization, entity, or governmental unit— "(i) with respect to the administration of the programs of the public housing agency, including any program that is subject to this title; or
 * (a) CONSORTIA.—

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