Page:United States Statutes at Large Volume 95.djvu/444

 95 STAT. 418

PUBLIC LAW 97-35—AUG. 13, 1981

12 USC 1701J-2.

(b) Section 809(c)(4) of such Act is amended by inserting the following before the period at the end thereof: "; except that, notwithstanding any such rules and procedures as may be adopted by the Institute, the President of the United States, by and with the advice and consent of the Senate, shall appoint, as representative of the public interest, two of the members of the Board of Directors selected each year for terms commencing in that year". NEW COMMUNITIES

42 USC 4518.

SEC. 389F. Section 717(b) of the National Urban Policy and New Community Development Act of 1970 is amended by adding the following new sentence at the end thereof: "With respect to fiscal year 1982, the Secretary may not issue obligations under this section in an aggregate amount in excess of $33,250,000.". PURCHASER-BROKER ARRANGEMENT

SEC. 339G. Title V of the National Housing Act is amended by adding the following new section at the end thereof: PURCHASER-BROKER ARRANGEMENT 12 USC 1735f-10. 12 USC 1707.

"SEC. 532. In carrying out the provisions of title II of this Act with respect to insuring mortgages secured by a one- to four-family residence, the Secretary may not exclude from the principal amount which may be insured under such title any sum solely on the basis that such sum is to be paid by the purchaser to a broker who has been the purchaser's agent in the purchase of the residence, but the principal amount of the mortgage, when such sum is added, shall not exceed the limitation as to maximum mortgage amount provided in title II.". MORTGAGE INSURANCE FOR HOSPITALS

12 USC 1715Z-7.

SEC. 339H. Section 242(d)(5) of the National Housing Act is amended by adding at the end thereof the following: "This paragraph shall not limit the authority of the Secretary to approve a mortgage increase on any mortgage eligible for insurance under this paragraph at any time prior to final endorsement of the loan for insurance; except that such mortgage increase may not be approved for the cost of constructing any improvements not included in the original plans and specifications approved by the Department of Health and Human Services unless approved by the Secretary of Housing and Urban Development and by the Secretary of Health and Human Services.". PART 4-FLOOD, CRIME, AND RIOT INSURANCE FLOOD INSURANCE

94 Stat. 1639. 42 USC 4127.

42 USC 4026.

SEC. 341. (a) Section 1376(c) of the National Flood Insurance Act of 1968 is amended— (1) by Striking out "and" after "1980,"; and (2) by inserting the following before the period at the end thereof ", and not to exceed $42,600,000 for the fiscal year 1982". 03)(1) Section 1319 of the National Flood Insurance Act of 1968 is amended by striking out "September 30, 1981" and inserting in lieu thereof "September 30, 1982".

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