Page:United States Statutes at Large Volume 92 Part 1.djvu/847

 PUBLIC LAW 95-392—SEPT. 30, 1978

92 STAT. 793

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION EMERGENCY MORTGAGE PURCHASE ASSISTANCE

The aggregate 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), out of recaptured Emergency Mortgage Purchase Assistance authority, is increased by $1,000,000,000. SPECIAL ASSISTANCE FUNCTIONS FUND

The aggregate amount of purchases and commitments authorized to be made pursuant to section 305 of the National Housing Act, as amended (12 U.S.C. 1720), is further increased by $2,000,000,000, of which $1,500,000,000 may be out of recaptured Special Assistance Purchase authority.

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P A Y M E N T OF 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 81 Stat. 341. the Federal National Mortgage Association Charter Act, as amended (12 U.S.C. 1717), $20,477,000. COMMUNITY PLANNING AND DEVELOPMENT COMMUNITY DEVELOPMENT GRANTS

For grants to States and units of general local government and for related expenses, not othervrise 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. 5301), $3,650,000,000, to remain available until September 30, 1981: Provided,^ That not to exceed 20 per centum of any grant made pursuant to section 103(a) of title I of the Housing and Community Development Act of 1974, as amended, shall be expended for 42 USC 5303. "Planning and Management Development" and "Administration" as defined at 24 CFR § 570.205 and 570.206, respectively, promulgated v by the Department of Housing and Urban Development on March 1, '' ' 1978. _ ' 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 (42 U.S.C. 5301), $100,000,000, to remain available until September 30, 1981. URBAN DEVELOPMENT ACTION GRANTS

For grants pursuant to section 103(c) of title I of the Housing and Community Development Act of 1974, as amended (42 U.S.C 5301), $400,000,000, to remain available until September 30, 1981.

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