Page:United States Statutes at Large Volume 88 Part 1.djvu/722

 678

PUBLIC LAW 93-383-AUG. 22, 1974

[88 STAT.

12 USC i7i5e.

(b) SectioH 213(b) of such Act is amended by striking out paragraph (1). (c) Section 213(c) of such Act is amended by striking out "not to exceed $12 500 000 and". 12 USC 1715k. (^) Section'220(d)(3)(B) of such Act is amended by striking out clause (i). 12 USC 1715Z. ^g^ Section 221(d) of such Act is amended— (1) by striking out clause (i) in paragraph (3); and (2) by striking out clause (i) in paragraph (4). 12 USC i7i5v. (f) Section 231(c) of such Act is amended by striking out paragraph (1). 12 USC 1715W. (g) Section 232(d)(2) of such Act is amended by striking out "not to exceed $12,500,000, and". 12 USC 1715y. (1^) Section 234(e) of such Act is amended by striking out paragraph (1). 12 USC 1715Z-7. (i) Section 242(d)(2) of such Act is amended by striking out "not to exceed $50,000,000, and". i2usei748h.2. (j)(l) Section 810(f) of such Act is amended by striking out " (1) not to exceed $5,000,000 or (2)". (2) Section 810(g) of such Act is amended by striking out "not to exceed $5,000,000 and". 12 USC 1749bb. (k) Section 1002(c) of such Act is amended by striking out the second sentence. i2usei749aaa. (j-^ Section 1101(c) of such Act is amended by striking out paragraph (1). ENERGY

CONSERVATION

SEC. 305. Title V of the National Housing Act (as amended by secion 301 of this Act) is amended by adding at the end thereof the following new section 'ENERGY 12 USC 1735f-4.

CONSERVATION

"SEC. 526. To the maximum extent feasible, the Secretary of Housing and Urban Development shall promote the use of energy saving techniques through minimum property standards established by him for newly constructed residential housing subject to mortgages insured under this Act." C O M P E N S A T I O N FOR DEFECTS

12 USC 1735b.

^yWi^^^ ^^°^'

S E C 306. Section 518(b) of the National Housing Act is amended to read as follows: "(b) The Secretary is authorized to make expenditures to correct, or to reimburse the owner for the correction of, structural or other major defects which so seriously affect use and livability as to create a serious danger to the life or safety of inhabitants of any one or two family dwelling which is covered by a mortgage insured under section 235 of this Act or which is located in an older, declining urban area and is covered by a mortgage insured under section 203 or 221 on or after August 1, 1968, but prior to January 1, 1973, and which is more than one year old on the date of the issuance of the insurance commitment, if (1) the owner requests assistance from the Secretary not later than one year after the insurance of the mortgage, or, in the case of a dwelling covered by a mortgage insured under section 203 or 221 the insurance commitment for which was issued on or after August 1, 1968, but prior to January 1, 1973, not more than one year after the date of enactment of the Housing and Community Development Act of 1974, and (2) the defect is one that existed on the date of the issuance of the insurance commitment and is one that a proper inspection could reasonably be expected to disclose. The Secretary may require from the

�