Page:United States Statutes at Large Volume 94 Part 2.djvu/393

 PUBLIC LAW 96-399—OCT. 8, 1980

94 STAT. 1671

SUBSEQUENT LOANS IN INELIGIBLE AREAS

SEC. 510. Section 510 of the Housing Act of 1949 is amended by 42 USC 1480. inserting the following after "available" in subsection (h): "for subsequent loans to permit necessary dwelling repairs and rehabilitation and". GUARANTEED LOANS

SEC. 511. Section 517(n) of the Housing Act of 1949 is amended by 42 USC 1487. inserting "moderate or" after "borrowers with". DISPLACEMENT

SEC. 512. Section 501 of the Housing Act of 1949 is amended by 42 USC 1471. adding at the end thereof the following: "(g) The programs authorized by this title shall be carried out, consistent with program goals and objectives, so that the involuntary displacement of families and businesses is avoided.". STUDY

SEC. 513. (a) The Secretary of Agriculture shall study the legislative and administrative changes which would be required— (1) to conform the procedures of the Farmers Home Administration for reporting budget and accounting information with the reporting principles established by the Presidential Commission on Budget Concepts; (2) to establish procedures to reflect fully in the Federal Budget the budget authority and budget outlays of the programs administered by the Farmers Home Administration; (3) to remove budget and accounting practices which are inconsistent with the practices for recording debt transactions as provided in the current policy of the Office of Management and Budget; and (4) to simplify the authorities provided in title V of the Housing Act of 1949. 42 USC 1471. Ob) In carrying out this study, the Secretary shall consult with the appropriate committees of the Congress, the Comptroller General of the United States, and the Office of Management and Budget. (c) The Secretary shall report to the Congress the results of such Report to study with recommendations for legislative and administrative Congress. changes for each of the matters described in paragraphs (1) through (4) of subsection (a), no later than the date on which the President's Budget for Fiscal Year 1982 is submitted to the Congress. PREPAYMENT AND REFINANCING OF LOANS UNDER SECTIONS 514 AND

515

SEC. 514. (a) Section 502(c) of the Housing Act of 1949 is amended— 42 USC 1472. (1) by striking out "Except as provided in paragraph (2), the" in paragraph (1) and inserting in lieu thereof "The"; (2) by striking out "entered into before or after" each time it appears in paragraph (1) and inserting in lieu thereof "entered into after"; and (3) by striking out paragraph (2) and inserting in lieu thereof the following: "(2) If any loan which was made or insured under section 514 or 515 Relocation pursuant to a contract entered into before December 21, 1979, is priority. 42 USC 1484, 1485.

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