Page:United States Statutes at Large Volume 93.djvu/1165

 PUBLIC LAW 96-153—DEC. 21, 1979

93 STAT. 1133

this title in an aggregate principal amount not to exceed $4,484,000,000 with respect to fiscal year ending September 30, 1980; except that— "(1) not less than $3,070,000,000 of any amount so approved in appropriation Acts for such year shall be made available for loans insured or guaranteed on behalf of borrowers receiving assistance pursuant to subparagraph (B) or (C) of section 521(a)(1); "(2) not more than $38,000,000 of such amount so approved for such fiscal year may be made available for loans insured under section 514; and "(3) not more than $5,000,000 of such amount so approved shall be available for making advances under section 501(e) for such fiscal year. "(b) There are authorized to be appropriated— "(1) such sums as may be necessary to meet payments on notes or other obligations issued by the Secretary under section 511 equal to (A) the aggregate of the contributions made by the Secretary in the form of credits on principal due on loans made pursuant to section 503, and (B) the interest due on a similar sum represented by notes or other obligations issued by the Secretary; "(2) not to exceed $48,000,000 for loans and grants pursuant to section 504 for the fiscal year ending September 30, 1980; "(3) not to exceed $30,000,000 for financial assistance pursuant to section 516 for the fiscal year ending September 30, 1980; "(4) not to exceed $1,500,000 for the purposes of section 525(a), of which not less than $750,000 shall be used for counseling purchasers and delinquent borrowers, and not to exceed $1,000,000 for the purposes of section 525(b) for the fiscal year ending September 30, 1980; and "(5) such sums as may be required by the Secretary to administer the provisions of sections 235 and 236 of the National Housing Act and section 8 of the United States Housing Act of 1937.". (b) Section 514(d) of such Act is repealed. (c)(1) Section 521(a)(1)(C) of such Act is amended by adding the following new sentences at the end thereof: "The amount of such additional assistance which may be approved in appropriation Acts may not exceed an aggregate amount of $985,000,000 for contracts entered into with respect to fiscal year 1979 and an aggregate amount of $500,000,000 for contracts entered into with respect to fiscal year 1980. Such additional assistance may not be so approved with respect to any fiscal year after fiscal year 1980.". (2) Section 521(c) of such Act is amended by inserting the following new sentence after the first sentence thereof: "There are authorized to be appropriated to the Rural Housing Insurance Fund such sums as may be necessary to reimburse such fund for the amount of assistance payments described in subsection (a)(1)(C).". (3) Section 521(a)(1) of such Act is amended by striking out subparagraph (H). (d) Section 523(f) of such Act is amended— (1) by striking out the first sentence and inserting in lieu thereof the following: "There is authorized to be appropriated an amount to carry out this section not to exceed $5,000,000 for the fiscal year ending September 30, 1980."; and (2) by striking out "November 30, 1979" in the second sentence and inserting in lieu thereof "September 30, 1980". (e) Section 523(g) of such Act is amended by striking out "and not to exceed $3,000,000 for the fiscal year ending September 30, 1979" and

42 USC 1490a. Infra. 42 USC 1471.

42 USC 1481. 42 USC 1473. 42 USC 1474. 42 USC 1486. 42 USC I490e.

12 USC 12 USC 42 USC Repeal. 42 USC 42 USC

1715z. 1715Z-1. 1437f. 1484. 1490a.

42 USC 1490c.

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