Page:United States Statutes at Large Volume 113 Part 2.djvu/55

 PUBLIC LAW 106-74—OCT. 20, 1999 113 STAT. 1075 ADMINISTRATION OF THE CDBG PROGRAM BY NEW YORK STATE SEC. 216. The Secretary of Housing and Urban Development shall transfer on the date of the enactment of this Act the administration of the Small Cities component of the Community Development Block Grants program for all funds allocated for the State of New York under section 106(d) of the Housing and Community Development Act of 1974 for fiscal year 2000 and all fiscal years thereafter, to the State of New York to be administered by the Governor of such State. SECTION 202 EXEMPTION SEC. 217. Notwithstanding section 202 of the Housing Act of 1959 or any other provision of law, Peggy A. Burgin may not be disqualified on the basis of age from residing at Clark's Landing in Groton, Vermont. DARLINTON PRESERVATION AMENDMENT SEC. 218. Notwithstanding any other provision of law, upon prepayment of the FHA-insured section 236 mortgage, the Secretary shall continue to provide interest reduction payment in accordance with the existing amortization schedule for Darlinton Manor Apartments, a 100-unit project located at 606 North 5th Street, Bozemen, Montana, which will continue as affordable housing pursuant to a use agreement with the State of Montana. RISK-SHARING PRIORITY SEC. 219. Section 517(b)(3) of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1998 is amended by inserting after "1992." the following: "The Secretary shall use risk-shared financing under section 542(c) of the Housing and Community Development Act of 1992 for any mortgage restructuring, rehabilitation financing, or debt refinancing included as part of a mortgage restructuring and rental assistance sufficiency plan if the terms and conditions are considered to be the best available financing in terms of financial savings to the FHA insurance funds and will result in reduced risk of loss to the Federal Government.". TREATMENT OF EXPIRING ECONOMIC DEVELOPMENT INITIATIVE GRANTS SEC. 220. (a) AVAILABILITY. —Notwithstanding section 1552 of title 31, United States Code, the grant amounts identified in subsection (b) shall remain available to the grantees for the purposes for which such amounts were obligated through September 30, 2000. (b) GRANTS. —The grant amounts identified in this subsection are the amounts provided under the following grants made by the Secretary of Housing and Urban Development under the economic development initiative under section 108(q) of the Housing and Community Development Act of 1974 (42 U.S.C. 5308(q)): (1) The grant for Miami, Florida, designated as B-92- ED-12-013. (2) The grant for Miami. Beach, Florida, designated as B-92-ED-12 -014. Peggy A. Burgin. 42 USC 1437f note.

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