Page:United States Statutes at Large Volume 93.djvu/805

 PUBLIC LAW 96-103—NOV. 5, 1979

93 STAT. 773

FEDERAL HOUSING ADMINISTRATION FUND

For payment to cover losses, not otherwise provided for, sustained by the Special Risk Insurance Fund and the General Insurance Fund, $194,850,000, to remain available until expended, as authorized by the National Housing Act, as amended (12 U.S.C. 1715z-3(b) and 1735c(f)). COLLEGE HOUSING—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 1980 shall not exceed the total of loan repayments and other income available during such period, less operating costs. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SPECIAL A S S I S T A N C E 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, which shall be out of recaptured Special Assistance Purchase authority. PAYMENT 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 the 81 Stat. 341. Federal National Mortgage Association Charter Act, as amended (12 U.S.C. 1717), $16,971,000. 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. 5301), $3,800,000,000, to remain available until September 30, 1982: 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 42 USC 5303. for "Planning and Management Development" and 'Administration" as defined in regulations promulgated by the Department of Housing and Urban Development. 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 42 USC 5303. until September 30, 1982.

�