Page:United States Statutes at Large Volume 85.djvu/806

 776 Report to Congress*

PUBLIC LAW 92-213-DEC. 22, 1971

[85 STAT.

erty taxes of State and local governments on national banks. The Board shall report the results of its study to the Congress not later than six months after the date of approval of this joint resolution. REQUIREMENT AFFECTING THE PREPAYMENT OF P R E M I U M S BY INSURED INSTITUTIONS TO THE FEDERAL SAVINGS A N D LOAN INSURANCE CORPORATION

75 Stat. 4 8 3. 12 USC 1727.

SEC. 5. Section 404(g) of the National Housing Act is amended by striking out " 1 % " and inserting in lieu thereof " 1 % ". WAIVER o r CERTAIN REQUIREMENTS APPLICABLE TO GRANTS FOR BASIC WATER A N D SEWER FACILITIES

82 Stat. 534; 84 Stat. 886. 42 USC 3102.

SEC. 6. Section 702(c) of the Housing and Urban Development Act of 1965 is amended by striking out "October 1, 1971" and inserting in lieu thereof "June 30, 1972". EXPANSION

OF

SUPPLEMENTAL

GRANT

ASSISTANCE

UNDER

NEW

COMMUNITY ASSISTANCE PROGRAM

84 Stat. 1799. 42 USC 4519.

SEC. 7. The first sentence of section 718(a) of the Housing and Urban Development Act of 1970 is amended t3y striking out "State or local public body or agency" and inserting in lieu thereof "State, local public body or agency, or other entity". INCREASE OF AUTHORIZATIONS FOR COMPREHENSIVE A N D OPEN-SPACE LAND GRANTS

84 Stat. 1780. 40 USC 4 6 1. 84 Stat. 1783. 42 USC ISOOd.

PLANNING

GRANTS

SEC. 8. (a) The fifth sentence of section 701(b) of the Housing Apt of 1954 is amended by striking out "$420,000,000" and inserting in lieu thereof "$470,000,000". (b) Section 708 of the Housing Act of 1961 is amended by striking out "$560,000,000" and inserting in lieu thereof "$660,000,000". PUBLIC H O U S I N G RENT REDUCTIONS

73 Stat. 680; 83 Stat. 389; 84 Stat. 1778. 42 USC 1402.

SEC. 9. Section 2(1) of the United States Housing Act of 1937 is amended by adding at the end thereof a new paragraph as follows: "Notwithstanding any other provision of Federal law or regulations thereunder, a public agency shall not reduce welfare assistance payments to any tenant or group of tenants in low-rent housing as a result of any reduction in rent resulting from the application of the rent limitation set forth in this paragraph (1) and required by such limitation." SBA GUARANTEE OF DEBENTURES ISSUED BY SMALL BUSINESS INVESTMENT COMPANIES

81 Stat. 270. 15 USC 6 8 3.

SEC. 10. Section 303(b) of the Small Business Investment Act of 1958 is amended— (1) by inserting the following in lieu of the first sentence thereof: "To encourage the formation and growth of small business investment companies the Administration is authorized (but only to the extent that the necessary funds are not available to said company from private sources on reasonable terms) when authorized in appropriation Acts, to purchase, or to guarantee the timely payment of all principal and interest as scheduled on,

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