Page:United States Statutes at Large Volume 90 Part 1.djvu/1124

 90 STAT. 1074 rftf.

'Vi< s,

PUBLIC LAW 94-375—AUG. 3, 1976 4, ^ r „ 1* i

HOUSING FOR THE ELDERLT

12 USC 1701q.

SEC. 11. (a) Section 202(a)(4)(B)(i) of the Housing Act of 1959 is amended— ^; (1) by striking out "$800,000,000" in the first sentence and inserting in lieu thereof "$1,475,000,000, which amount shall be increased to $2,387,500,000 on October 1, 1977, and to $3,300,000,000 on October 1, 1978"; and (2) by inserting the following new sentence at the end thereof: ., ,^, "The Secretary may not issue notes or other obligations to the Secretary of the Treasury pursuant to this section in an aggre.u gate amount exceeding $800,000,000 except as approved in appropriation Acts.". (b) Section 202(d)(4) of such Act is amended by adding the fol"Elderly or lowing new sentence at the end thereof: "Notwithstanding the precedhandicapped ing provisions of this paragraph, the term 'elderly or handicapped families." families' includes two or more elderly or handicapped persons living together, one or more such persons living with another person who is determined (under regulations prescribed by the Secretary) to be essential to their care or well-being, and the surviving member or members of any family described in the first sentence of this paragraph who were living, in a unit assisted under this section, with the deceased member of the family at the time of his or her death.". (c)(1) Section 202(a)(8) of such Act is amended by striking out "current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans" and inserting in lieu thereof the following: "average interest rate on all interest bearing obligations of the United States then forming a part of the public debt, computed at the end of the fiscal year next preceding the date on which i,nt. the loan is made". 0 (2) The second sentence of section 202(a)(4)(B)(i) of such Act is amended by striking out "the current average market yield on outstanding marketable obligations of the United States of comparable maturities during the month preceding the issuance of the notes or other obligations", and inserting in lieu thereof the following: "the average interest rate on all interest bearing obligations of the United States then forming a part of the public debt, computed at the end of the fiscal year next preceding the date on which the loan is made". REHABILITATION LOAN PROGRAM

42 USC 1452b.

SEC. 12. (a) Section 312(d) of the Housing Act of 1964 is amended— (1) by striking out "and not to exceed $100,000,000 for the fiscal year beginning on July 1, 1975" and inserting in lieu thereof "not to exceed $100,000,000 for the fiscal year beginning on July 1, 1975, and not to exceed $100,000,000 for the fiscal year beginning on October 1, 1976"; and (2) by adding at the end thereof the following new sentence: "The amount of commitments to make loans pursuant to this section entered into after August 22, 1976, shall not exceed amounts approved in appropriation Acts.". (b) Section 312(h) of such Act is amended to read as follows: Termination date. "(h) No loan shall be made under this section after September 30, 1977, except pursuant to a contract, commitment, or other obligation entered into pursuant to this section prior to October 1, 1977.".

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