Page:United States Statutes at Large Volume 123.djvu/245

 123STA T . 22 5PUBLIC LA W 111 – 5 —FE B.1 7, 2 0 0 9to‘ ‘ Admin i s t ra tion ,Ope rations, and M ana g ement ’ ’, f or non - per- sonne l e x penses of t h e D epartment of H o u sing and U r b an De v elop- ment
 * Provide

d fu r th er ,T hat an y funds made available under this heading used by the S e c retary for technology shall be transferred to ‘‘ W or k ing C apital F und’’ . M AN A GEM EN T AN D ADM I NI S T R ATI O N O F FI C EOFINS P ECTOR GENERA L For an additional amount for the necessary salaries and expenses of the Office of I nspector G eneral in carrying out the Inspector General Act of 1978 , as amended, $ 1 5, 0 00,000, to remain available until September 3 0, 2 013: Provided, That the Inspector General shall have independent authority over all personnel issues w ithin this office. G EN E R A LP RO V ISIONS — DEPARTMENT OF HOUSING AND UR B AN DEVELOPMENT SEC. 1202. FHA LOAN LIMITS FOR 2009. ( a ) LOAN LIMIT FLOOR BASED ON 20 0 8 LE V ELS.—For mortgages for which the mortgagee issues credit approval for the borrower during calendar year 2009, if the dollar amount limitation on the principal obligation of a mortgage determined under section 203(b)(2) of the National Housing Act (12 U.S.C. 1709(b)(2)) for any si z e residence for any area is less than such dollar amount limitation that was in effect for such size residence for such area for 2008 pursuant to section 202 of the Economic Stimulus Act of 2008 (Public Law 110 – 185 122 Stat. 6 20), notwithstanding any other provision of law, the maximum dollar amount limitation on the principal obligation of a mortgage for such size residence for such area for purposes of such section 203(b)(2) shall be considered (except for purposes of section 255(g) of such Act (12 U.S.C. 1715z–20(g))) to be such dollar amount limitation in effect for such size residence for such area for 2008. (b) DISCRETIONAR Y A U T H ORITY FOR SU B -AREAS.—Notwith- standing any other provision of law, if the Secretary of Housing and Urban Development determines, for any geographic area that is smaller than an area for which dollar amount limitations on the principal obligation of a mortgage are determined under section 203(b)(2) of the National Housing Act, that a higher such maximum dollar amount limitation is warranted for any particular size or sizes of residences in such sub-area by higher median home prices in such sub-area, the Secretary may, for mortgages for which the mortgagee issues credit approval for the borrower during calendar year 2009, increase the maximum dollar amount limitation for such size or sizes of residences for such sub-area that is otherwise in effect (including pursuant to subsection (a) of this section), but in no case to an amount that exceeds the amount specified in section 202(a)(2) of the Economic Stimulus Act of 2008. SEC. 1203. GSE CONFORMING LOAN LIMITS FOR 2009. (a) LOAN LIMIT FLOOR BASED ON 2008 LEVELS.—For mortgages originated during calendar year 2009, if the limitation on the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation determined under section 302(b)(2) of the Federal National Mortgage Association Charter Act (12 U.S.C.