Page:United States Statutes at Large Volume 92 Part 2.djvu/824

 92 STAT. 2104

PUBLIC LAW 95-557—OCT. 31, 1978 INCREASED MORTGAGE CEILINGS FOR MORTGAGE INSURANCE PROGRAMS

12 USC 1715/.

^ SEC. 325. (a) Section 221(d)(3) (ii) of the National Housing Act is amended— (1) by striking out "$16,860", "$18,648", "$22,356", "$28,152", and "$31,884" and inserting in lieu thereof "$21,563", "$24,662", "$29,984", "$38,379", and "$42,756", respectively; and (2) by striking out "$19,680", "$22,356", "$26,496", "$33,120", and "$38,400" and inserting in lieu thereof "$22,692", "$26,012", "$31,631", "$40,919", and "$44,917", respectively. (b) Section 221(d)(4) (ii) of such Act is amended by striking out "$18,450", "$20,625", "$24,630", "$29,640", and "$34,846" in the matter preceding the first semicolon and inserting in lieu thereof "$19,406", "$22,028", "$26,625", "$33,420", and "$37,870", respectively. FHA-INSURED MORTGAGE REFINANCING OF HOSPITALS

12 USC 1715n.

SEC. 326. Section 223(f) of the National Housing Act is amended by— (1) inserting before the period at the end of the first sentence thereof the following: "or the refinancing of existing debt of an existing hospital."; (2) striking out "property" in the second sentence and inserting in lieu thereof "multifamily housing project"; and (3) adding at the end thereof the following new sentence: "In the case of refinancing of an existing hospital the Secretary shall prescribe such terms and conditions as the Secretary deems necessary to assure that— "(A) the refinancing is employed to lower the monthly debt service costs (taking into account any fees or charges connected with such refinancing) of such existing hospital; "(B) the proceeds of any refinancing will be employed only to retire the existing indebtedness and pay the necessary cost of refinancing on such existing hospital; "(C) such existing hospital is economically viable; and "(D) such existing hospital has received such certifications from a State agency designated in accordance with section 604(a) 42 USC 291cl, (1) or section 1521 of the Public Health Service Act for the State 300m. in which the hospital is located as the Secretary deems necessary and appropriate and comparable to the certification required for 12 USC hospitals insured under section 242 of this Act and that such State agency additionally certify that the services being provided by 1715Z-7. such existing hospital at the time of refinancing are appropriate as determined pursuant to section 1523(a)(6) of the Public Health 42 USC 300m-2. Service Act". eongregate Housing Services Act of 1978. 42 USC 8001 note.

TITLE IV—CONGREGATE SERVICES SHORT TITLE

SEC 401. This title may be cited as the "Congregate Housing Services Act of 1978". FINDINGS

42 USC 8001.

S E C 402. The Congress finds that— (1) congregate housing, coordinated with the delivery of supportive services, offers an innovative, proven, and cost-effective means of enabling temporarily disabled or handicapped indi-

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