Page:United States Statutes at Large Volume 94 Part 3.djvu/403

 PUBLIC LAW 96-526—DEC. 15, 1980

94 STAT. 3047

ized in such amounts as are necessary for increases to prior year commitments. 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), $4,967,000. EMERGENCY MORTGAGE PURCHASE ASSISTANCE

During 1981, within the resources and authority available, gross obligations for the principal amounts of direct loans are authorized in such amounts as are necessary for increases to prior year commitment contracts. GUARANTEES OF MORTGAGE-BACKED SECURITIES

During 1981, additional commitments to issue guarantees to carry out the purposes of section 306 of the National Housing Act, as amended (12 U.S.C. 1721g), shall not exceed $53,000,000,000. SOLAR ENERGY AND ENERGY CONSERVATION BANK ASSISTANCE FOR SOLAR AND CONSERVATION IMPROVEMENTS (BY TRANSFER)

For financial assistance and other expenses, not otherwise provided for, to carry out the provisions of the Solar Energy and Energy Conservation Bank Act of 1980, which shall be derived by transfer Ante, p. 719. from the "Solar and (Donservation Reserve" established pursuant to Public Law 96-126 (93 Stat. 954, 971), $125,000,000, to remain available until September 30, 1982. 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), $3,770,000,000, to remain available until September 30, 1983: 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 Ante, p. 1618. for "Planning and Management Development" and "Administration" as defined in regulations promulgated by the Department of Housing and Urban Development. During 1981, total commitments to guarantee loans, as authorized by section 108 of the aforementioned Act, shall not exceed $250,000,000 of contingent liability for loan principal.

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