Page:United States Statutes at Large Volume 92 Part 2.djvu/803

 PUBLIC LAW 95-557—OCT. 31, 1978

92 STAT. 2083

amount or term which exceeds the maximum provided for in this subsection. "(5) All funds received and all disbursements made pursuant to the authority established by this subsection shall be credited or charged, as appropriate, to the General Insurance Fund, and insurance benefits shall be paid in cash out of such Fund or in debentures executed in the name of such Fund. Insurance benefits paid with respect to loans insured under this subsection shall be paid in accordance with paragraphs (6) and (7) of section 220(h), except that any reference to 12 USC 1715k. 'this subsection' in such paragraphs shall be construed as referring to this subsection.". 12 USC 1709. (2) Section 203(c) of such Act is amended— (A) by striking out "subsection (n) is" in the first proviso and inserting in lieu thereof "subsections (n) and (k) are"; and (B) by inserting "or (k) " after "subsection (n) " the second time it appears in such proviso. (3) The proviso in the first sentence of section 302(b)(1) of such 12 USC 1717. Act is amended by inserting "or section 203(k) " after "title VIII " in clause (3). URBAN HOMESTEADING

SEC. 102. (a) Section 810(f) of the Housing and Community Development Act of 1974 is amended— 12 USC 1706e. (1) by inserting "and the Administrator of Veterans' Affairs" after "Secretary" the first place it appears; and (2) by inserting "or the Administrator" after "Secretary" the second place it appears. (b) The first sentence of section 810(g) of such Act is amended— (1) by striking out "and" immediately following "fiscal year 1977,"; and (2) by inserting the following before the period at the end thereof: ", and not to exceed $26,000,000 for the fiscal year 1979". COMMUNITY nEVELOPMENT BLOCK GRANT PR(XiRAM AMENDMENTS

SEC. 103. (a) Section 104(a)(4)(A) of the Housing and Comnmnity Development Act of 1974 is amended by inserting "owners of 42 USC 5304. homes requiring lehabilitation assistance," after "large families," (b) Section 104(a)(4)(B)(i) of such Act is amended by inserting "including existing rental and owner occupied dwelling units to be upgraded and thereby preserved," after "existing dwelling units,". (c) Section 104(a) of such Act is amended by inserting after "expected to reside in the community" in paragraphs (3)(C) and (4)(A) the following: "as a result of existing or projected employment opportunities in the community (and those elderly persons residing in or expected to reside in the community), or as estimated in a community accepted State or regional housing opportunity plan approved by the Secretary,". (d) Section 104(c) of such Act is amended by adding the following new sentence at the end thereof: "The Secretary may not disapprove an application on the basis that such application addresses any one of the primary purposes described in paragraph (^3) to a greater or lesser degree than any other, except that such application may be disapproved if the Secretary determines that the extent to which a primary purpose is addressed is plainly inappropriate to meeting the needs and objectives which are consistent with the community's efforts to achieve the primary objective of this title.".

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