Page:United States Statutes at Large Volume 82.djvu/1235

 82 STAT. ]

PUBLIC LAW 90-608-OCT. 21, 1968

1193

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FEDERAL INSURANCE PROGRAMS FLOOD INSURANCE

For necessary administrative expenses, not otherwise provided for, in carrying out the National Flood Insurance Act of 1968 (82 Stat. 572), $1,500,000. MORTGAGE CREDIT HOMEOWNERSHIP AND RENTAL HOUSING ASSISTANCE

For homeownership assistance payments, authorized by section 235. and for interest reduction payments as authorzied by section 236 o i the National Housing Act, as amended (82 Stat. 477 and 498), $7,000,000: Provided, That the total payments that may be required in any fiscal year by all contracts entered into under section 235 shall not exceed $25,000,000 and by those entered into under section 236 shall not exceed $25,000,000. LOW AND MODERATE INCOME SPONSOR FUND

For the low and moderate income sponsor fund, authorized by section 106 of the Housing and Urban Development Act of 1968 (82 Stat. 490), $500,000. FEDERAL HOUSING ADMINISTRATION SALARIES A N D E X P E N S E S

For necessary administrative expenses of programs of mortgage credit, not otherwise provided for, $625,000. Limitation on Administrative and Nonadministrative Expenses, Federal Housing Administration I n addition to amounts made available under this head for the current fiscal year, not to exceed $350,000 shall be available for administrative expenses and not to exceed $3,500,000 shall be available for nonadministrative expenses. DEPARTMENTAL MANAGEMENT FAIR HOUSING KTOGRAM

For expenses necessary to carry out the functions of the Secretary of Housing and Urban Development under the provisions of Title VIII of the Civil Rights Act of 1968 (82 Stat. 81), $2,000,000. RENEWAL AND HOUSING ASSISTANCE COLLEGE HOUSING

The total payments that may be required in any fiscal year by all contracts for annual grants with educational institutions entered into ursuant to section 401 of the Housing Act of 1950, as amended (82 tat. 604), shall not exceed $3,000,000.

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