Page:United States Statutes at Large Volume 91.djvu/1109

 PUBLIC LAW 95-119—OCT. 4, 1977 COLLEGE HOUSINCil

91 STAT. 1075

LOANS AND OTHER EXPENSES

The aggregate amount of commitments for loans made from the fund established pursuant to title IV of the Housing Act of 1950, as amended (12 U.S.C. 1749), for the fiscal year 1978 shall not exceed the total of loan repayments and other income available during such period, less operating costs. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SPECIAL ASSISTANCE FUNCTIONS

The aggregate amount of purchases and commitments authorized to be made pursuant to section 305 of the National Housing Act, as amended, out of recaptured Special Assistance Purchase authority 12 USC 1720. may not exceed $2,000,000,000. PAYMENT o r PARTICIPATION SALES INSUFFICIENCIES

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) of the 81 Stat. 341. Federal National Mortgage Association Charter Act, as amended, 12 USC 1717. $16,587,000. COMMUNITY PLANNING AND DEVELOPMENT COMMUNITY DEVELOPMENT

GRANTS

For grants to States and units of general local government and for related expenses, not otherwise provided for, necessary for carrying out a community development grant program as authorized by title I of the Housing and Community Development Act of 1974, as amended (42 U.S.C. chapter 69), $3,500,000,000, to remain available until 42 USC 5301. September 30, 1980. For grants to units of general local government pursuant to section 103(b) of title I of the Housing and Community Development Act of 1974, as amended, $100,000,000, to remain available until September 30, 42 USC 5303. 1980. URBAN DEVELOPMENT ACTION GRANTS

For allocations and grants pursuant to section 103(c) of title I of the Housing and Community Development Act of 1974, as amended, $400,000,000, to remain available until September 30, 1980. COMPREHENSIVE P L A N N I N G GRANTS

For comprehensive planning grants as authorized by section 701 of the Housing Act of 1954, as amended (40 U.S.C. 461)', $57,000,000, to remain available until expended.

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