Page:United States Statutes at Large Volume 95.djvu/439

 PUBLIC LAW 97-35—AUG. 13, 1981

95 STAT. 413

(2) Section 235(q)(l) of such Act is amended by striking out "June 1, 94 Stat. 1631. 1981," in the fourth sentence thereof and inserting in lieu thereof 12 USC 1715z. "September 30, 1982,". (e) Section 236(n) of such Act is amended by striking out "Septem- 94 Stat. 1638. ber 30, 1981" and inserting in Heu thereof "September 30, 1982". 12 USC 1715Z-1. 12 USC 1715Z-9. (f) Section 244(d) of such Act is amended— (1) by striking out "September 30, 1981" in the first sentence and inserting in lieu thereof "September 30, 1982"; and (2) by striking out "October 1, 1981" in the second sentence and inserting in lieu thereof "October 1, 1982". (g) Section 245(a) of such Act is amended by striking out "Septem- 12 USC ber 30, 1981" and inserting in lieu thereof "September 30, 1982". 1715Z-10. (h)(1) Section 809(f) of such Act is amended by striking out "Septem- 12 USC 1748h-l. ber 30, 1981" in the second sentence and inserting in lieu thereof "September 30, 1982". (2) Section 810(k) of such Act is amended by striking out "Septem- 94 Stat. 1639. ber 30, 1981" in the second sentence and inserting in lieu thereof 12 USC 1748h-2. "September 30, 1982". (i) Section 1002(a) of such Act is amended by striking out "Septem- 12 USC 1749bb. ber 30, 1981" in the second sentence and inserting in lieu thereof "September 30, 1982". (j) Section 1101(a) of such Act is amended by striking out "Septem- 12 USC 1749aaa. ber 30, 1981" in the second sentence and inserting in lieu thereof "September 30, 1982". FLEXIBLE INTEREST RATES

SEC. 332. Section 3(a)(1) of Public Law 90-301 is amended by striking out "October 1, 1981" and inserting in lieu thereof "October 1, 1982'"

94 Stat. 1639. 12 USC 1709-1.

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION

SEC. 333. (a)(1) Section 305(c) of the Federal National Mortgage Association Charter Act is amended— (A) by striking out "and" after "1978,"; and (B) by inserting the following before the period at the end thereof:", and by $1,100,000,000 on October 1, 1981". (2) Section 305 of such Act is amended by adding the following new subsection at the end thereof: "(k) During fiscal year 1982, the Association may not enter into commitments to purchase under this section mortg£^es with an aggregate principal amount in excess of $1,973,000,000, except that the Association may not enter into commitments to purchase mortgages secured by projects which do not contain units assisted under section 8 of the United States Housing Act of 1937 with an aggregate principal amount in excess of $580,000,000.". (3) Section 306(g) of such Act is amended— (A) by inserting "(1)" after "(g)"; (B) by striking out "(1)" and "(2)" in the first sentence and inserting in lieu thereof "(i)" and "(ii)", respectively; and (C) by adding the following new paragraph at the end thereof: "(2) During fiscal year 1982, the Association may not enter into commitments to issue guarantees under this subsection in an aggregate amount in excess of $69,542,000,000.". (b)(1) In entering into commitments to purchase below-market, tandem plan mortgages during the period beginning on the date of the enactment of this Act and ending October 1, 1982, under section 305 of the Federal National Mortgage Association Charter Act, the

12 USC 1720.

Mortgage purchases.

42 USC 1437f. 12 USC 1721.

12 USC 1720 note.

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