Page:United States Statutes at Large Volume 89.djvu/643

 PUBLIC LAW 94-116—OCT. 17, 1975

89 STAT. 583

Provided, That the aggregate amount of contracts for such payments shall not exceed $80,000,000. SALARIES AND EXPENSES, HOUSING PROGRAMS

For necessary administrative expenses, not otherwise provided for, and for nonadministrative expenses as classified by section 1 of the National Housing Act, as amended (12 U.S.C. 1701), in carrying out programs of housing production and mortgage credit and housing management, $199,000,000, of which $158,650,000 shall be provided by transfer from the various funds of the Federal Housing Administration: Provided, That administrative expenses in connection with the Revolving fund (liquidating programs) shall be exclusive of expenses necessary in the case of defaulted obligations to protect the interests of the Government. For "Salaries and expenses, housing programs" for the period July 1, 1976, through September 30, 1976, $49,800,000, of which $39,850,000 shall be provided by transfer from the various funds of the Federal Housing Administration. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION EMERGENCY MORTGAGE PURCHASE ASSISTANCE

The total amount of purchases and commitments authorized to be made pursuant to section 313 of the National Housing Act, as amended (12 U.S.C. 1723e; 88 Stat. 1364; Public Law 94-50), shall Ante, p. 254. not exceed $5,000,000,000 outstanding at any one time, which amount shall be in addition to balances of authorization heretofore made available for purchases and commitments pursuant to said section and which shall continue available after October 18, 1975: Provided, That the Association may borrow from the Secretary of the Treasury in accordance with said section, in such amounts as are necessary to carry out the purposes and requirements of said section as authorized herein. P A Y M E N T OF PARTICIPATION SALES I N S U F F I C I E N C I E S

For the payment of such insufficiencies as may be required by the Government National Mortgage Association, as trustee, on account of outstanding beneficial interests or participations in assets of the Department of Housing and Urban Development (including the Government National Mortgage Association) authorized by the Independent Offices and Department of Housing and Urban Development Appropriation Act, 1968, to be issued pursuant to section 302(c) 81 Stat. 341. of the Federal National Mortgage Association Charter Act, as amended, $20,935,000. 12 USC 1717. For "Payment of participation sales insufficiencies" for the period July 1, 1976, through September 30, 1976, $5,291,000. COMMUNITY PLANNING AND DEVELOPMENT REHABILITATION LOAN FUND

For the revolving fund established pursuant to section 312 of the Housing Act of 1964, as amended (42 U.S.C. 1452b), $50,000,000, to remain available until August 22, 1976.

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