Page:United States Statutes at Large Volume 119.djvu/2484

 119 STAT. 2466

12 USC 1715n.

Records. 12 USC 1715z–1 note.

Deadline.

VerDate 14-DEC-2004

13:51 Oct 26, 2006

PUBLIC LAW 109–115—NOV. 30, 2005

that makes applicable requirements under the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et seq.). SEC. 322. Incremental vouchers previously made available under the heading, ‘‘Housing Certificate Fund’’ or renewed under the heading, ‘‘Tenant-Based Rental Assistance’’, for family unification shall, to the extent practicable, continue to be provided for family unification. SEC. 323. Section 223(f)(1) of the National Housing Act is amended by inserting ‘‘purchase or’’ immediately before ‘‘refinancing of existing debt’’. SEC. 324. Section 421 of the Housing and Community Development Act of 1987 (12 U.S.C. § 1715z–4a) is amended— (1) in subsection (a)(1)(A), by inserting after ‘‘is’’ the following: ‘‘or, at the time of the violations, was’’; and (2) in subsection (a)(1)(C), by inserting after ‘‘held’’ the following: ‘‘or, at the time of the violations, was insured or held’’. SEC. 325. Notwithstanding any other provision of law, for fiscal year 2006 and thereafter, all mortgagees receiving interest reduction payments under section 236 of the National Housing Act (12 U.S.C. 1715z–1) shall submit only electronic invoices to the Department of Housing and Development in order to receive such payments. The mortgagees shall comply with this requirement no later than 90 days from the date of enactment of this provision. SEC. 326. Notwithstanding any other provision of law, the recipient of a grant under section 202b of the Housing Act of 1959 (12 U.S.C. 1701q–2) after December 26, 2000, in accordance with the unnumbered paragraph at the end of section 202b(b) of such Act, may, at its option, establish a single-asset nonprofit entity to own the project and may lend the grant funds to such entity, which may be a private nonprofit organization described in section 831 of the American Homeownership and Economic Opportunity Act of 2000. SEC. 327. (a) No assistance shall be provided under section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f) to any individual who— (1) is enrolled as a student at an institution of higher education (as defined under section 102 of the Higher Education Act of 1965 (20 U.S.C. 1002)); (2) is under 24 years of age; (3) is not a veteran; (4) is unmarried; (5) does not have a dependent child; and (6) is not otherwise individually eligible, or has parents who, individually or jointly, are not eligible, to receive assistance under section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f). (b) For purposes of determining the eligibility of a person to receive assistance under section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f), any financial assistance (in excess of amounts received for tuition) that an individual receives under the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.), from private sources, or an institution of higher education (as defined under the Higher Education Act of 1965 (20 U.S.C. 1002)), shall be considered income to that individual, except for a person over the age of 23 with dependent children.

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