Page:United States Statutes at Large Volume 94 Part 2.djvu/365

 PUBLIC LAW 96-399—OCT. 8, 1980

94 STAT. 1643

(f) Section 232(d)(2) of such Act is amended to read as follows: "(2) The mortgage shall involve a principal obligation in an amount not to exceed 90 per centum of the estimated value of the property or project, including— "(A) equipment to be used in the operation of the home or facility or combined home and facility when the proposed improvements are completed and the equipment is installed; or "(B) a solar energy system (as defined in subparagraph (3) of the last paragraph of section 2(a) of this Act) or residential energy conservation measures (as defined in section 210(11) (A) through (G) and (I) of Public Law 95-619) in cases where the Secretary determines that such measures are in addition to those required under the minimum property standards and will be cost-effective over the life of the measure.". (g) Section 234 of such Act is amended by adding at the end thereof the following new subsection: "(j) The Secretary may further increase the dollar amount limitations which would otherwise apply under subsection (e) by not to exceed 20 per centum if such increase is necessary to account for the increased cost of a project due to the installation of a solar energy system (as defined in subparagraph (3) of the last paragraph of section 2(a) of this Act) or residential energy conservation measures (as defined in section 210(11)(A) through (G) and (I) of Public Law 95-619) in cases where the Secretary determines that such measures are in addition to those required under the minimum property standards and will be cost-effective over the life of the measure therein.", (h) Section 242(d)(2) of such Act is amended to read as follows: "(2) The mortgage shall involve a principal obligation in an amount not to exceed 90 per centum of the estimated replacement cost of the property or project including— "(A) equipment to be used in the operation of the hospital, when the proposed improvements are completed and the equipment is installed; and "(B) a solar energy system (as defined in subparagraph (3) of the last paragraph of section 2(a) of this Act) or residential energy conservation measures (as defined in section 210(11) (A) through (G) and (I) of Public Law 95-619) in cases where the Secretary determines that such measures are in addition to those required under the minimum property standards and will be cost-effective over the life of the measure.", (i) Section 1101(c)(2) of such Act is amended by inserting immediately after "the boundaries of the property," the following: "a solar energy system (as defined in subparagraph (3) of the last paragraph of section 2(a) of this Act) or residential energy conservation measures (as defined in section 210(11)(A) through (G) and (I) of Public Law 95-619) in cases where the Secretary determines that such measures are in addition to those required under the minimum property standards and will be cost-effective over the life of the measure,.

12 USC 1715w.

12 USC 1703. 42 USC 8211.

12 USC 1715y.

12 USC 1703. 42 USC 8211.

12 USC 1715Z-7.

12 USC 1703. 42 USC 8211.

12 USC 1749aaa. 12 USC 1703. 42 USC 8211.

SECTION 220 MORTGAGE INSURANCE IN AREAS OF CONCENTRATED DEVELOPMENT ACTTVITIES

SEC. 311. (a) Section 220(d)(l)(A) of the National Housing Act is 12 USC 1715k. amended by inserting after "pursuant to Section 117 of the Housing Act of 1949" the following: ", or (v) an area, designated by the 42 USC 1468. Secretary, where concentrated housing, physical development, and public service activities are being or will be carried out in a coordi-

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