Page:United States Statutes at Large Volume 114 Part 5.djvu/1006

 114 STAT. 3020 PUBLIC LAW 106-569—DEC. 27, 2000 contracts in a manner that is advantageous to the tenants, including— (1) not more than 15 percent of the cost of increasing the availabihty or provision of supportive services, which may include the financing of service coordinators and congregate services; (2) rehabilitation, modernization, or retrofitting of structures, common areas, or individual dwelling units; (3) construction of an addition or other facility in the project, including assisted living facilities (or, upon the approval of the Secretary, facilities located in the community where the project sponsor refinances a project under this section, or pools shared resources from more than one such project); or (4) rent reduction of unassisted tenants residing in the project according to a pro rata allocation of shared savings resulting from the refinancing. (d) USE OF CERTAIN PROJECT FUNDS.— The Secretary shall allow a project sponsor that is prepaying and refinancing a project under this section— (1) to use any residual receipts held for that project in excess of $500 per individual dwelling unit for not more than 15 percent of the cost of activities designed to increase the availability or provision of supportive services; and (2) to use any reserves for replacement in excess of $1,000 per individual dwelling unit for activities described in paragraphs (2) and (3) of subsection (c). (e) BUDGET ACT COMPLIANCE.— This section shall be effective only to extent or in such amounts that are provided in advance in appropriation Acts. Subtitle B—Authorization of Appropriations for Supportive Housing for the Elderly and Persons With Disabilities SEC. 821. SUPPORTIVE HOUSING FOR ELDERLY PERSONS. Section 202 of the Housing Act of 1959 (12 U.S.C. 170Iq) is amended by adding at the end the following: "(m) AUTHORIZATION OF APPROPRIATIONS. — There are authorized to be appropriated for providing assistance under this section such sums as may be necessary for each of fiscal years 2001, 2002, and 2003.". SEC. 822. SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES. Section 811 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 8013) is amended by striking subsection (m) and inserting the following: "(m) AUTHORIZATION OF APPROPRIATIONS. —There are authorized to be appropriated for providing assistance under this section such sums as may be necessary for each of fiscal years 2001, 2002, and 2003.".

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