Page:United States Statutes at Large Volume 93.djvu/862

 93 STAT. 830

31 USC 665. Land acquisition. 15 USC 713a-10.

PUBLIC LAW 96-108—NOV. 9, 1979 as sold and as delivered and shall submit quarterly reports to the appropriate committees of Congress concerning such developments: Provided further. That none of the funds in this Act may be used to carry out an Export Credit Sales program in excess of $2,200,000,000 in fiscal year 1980: Provided further. That not less than 7 per centum of this authorization shall be placed in reserve to be apportioned pursuant to section 3679 of the Revised Statutes, as amended, for use only in such amounts and at such times as may become necessary to carry out program operations: Provided further. That all necessary expenses (including legal and special services performed on a contract or fee basis, but not including other personal services) in connection with the acquisition, operation, maintenance, improvement, or disposition of any real or personal property belonging to the Corporation or in which it has an interest, including expenses of collections of pledged collateral, shall be considered as nonadministrative expenses for the purposes hereof: Provided further. That none of the funds in the Act may be used to carry out a program of loan guarantees by the Corporation for production and marketing of industrial hydrocarbons and alcohols from agricultural commodities and forest products in excess of $500,000,000. TITLE II—RURAL DEVELOPMENT PROGRAMS RURAL DEVELOPMENT ASSISTANCE FARMERS HOME ADMINISTRATION RURAL H O U S I N G INSURANCE FUND

42 USC 1487. 42 USC 1471.

42 USC 1471. 42 USC 1479.

42 USC 1490a.

For direct loans and related advances pursuant to section 517(m) of the Housing Act of 1949, as amended, $24,000,000 shall be available from funds in the rural housing insurance fund, and for insured loans as authorized by title V of the Housing Act of 1949, as amended, $3,979,000,000, of which not less than $3,070,000,000 shall be available for subsidized interest loans to low-income borrowers as determined by the Secretary; and not to exceed $5,000,000 for advances as authorized by section 501(e) of such Act and not to exceed $5,000,000 for compensation of construction defects as authorized by section 509(c) of such Act: Provided, That unsubsidized interest guaranteed loans of not to exceed $500,000,000 shall be in addition to these amounts. During fiscal year 1980, no more than 20,000 units may be assisted under rental assistance agreements entered into during the year pursuant to authority under section 521(a)(2) of the Housing Act of 1949, as amended, and the total obligation incurred over the life of these agreements shall not exceed $393,000,000 to be added to and merged with the authority provided for this purpose in prior fiscal years. For an additional amount to reimburse the rural housing insurance fund for interest subsidies and losses sustained in prior years, but not previously reimbursed, in carrying out the provisions of title V of the Housing Act of 1949, as amended (42 U.S.C. 1483, 1487e, and 1490a(c)), including $22,663,000 as authorized by section 521(c) of the Act, $320,209,000, and for an additional amount as authorized by section 521(c) of the Act as may be necessary to reimburse the fund to carry out a rental assistance program under section 521(a)(2) of the Housing Act of 1949, as amended.

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