Page:United States Statutes at Large Volume 95.djvu/447

 PUBLIC LAW 97-35—AUG. 13, 1981 (c) Section 517(a)(l) of such Act is amended by striking out "September 80, 1981" and inserting in lieu thereof "September 30, 1982". (d) Section 521(a)(2)(D) of such Act is amended— (1) by striking "$493,000,000" and inserting in lieu thereof "$398,000,000"; and (2) by striking out "1981, except that" and all that follows through the period at the end thereof and inserting in lieu thereof "1982.". (e) Section 523 of such Act is amended— (1) by striking out "September 30, 1981" each place it appears in subsection (f) and inserting in lieu thereof "September 30, 1982"; (2) by striking out "not to exceed $2,500,000 for fiscal year 1981" in the first sentence of subsection (g) and inserting in lieu thereof "not to exceed $3,000,000 for fiscal year 1982"; (3) by inserting the following after "shall be available" in the second sentence of subsection (g): ", to the extent approved in appropriation Acts,"; and (4) by inserting the following before the period at the end of the second sentence of subsection (g): "; except that not more than $5,000,000 may be made available during fiscal year 1982".

95 STAT. 421 94 Stat. 42 USC 94 Stat. 42 USC

1668. 1487. 1668. 1490a.

94 Stat. 1668. 42 USC 1490c.

INTEREST SUBSIDY PROGRAM

SEC. 352. Section 521(a)(l)(B) of the Housing Act of 1949 is amended by striking out "shall" and iaserting in lieu thereof "may".

94 Stat. 1669. 42 USC 1490a.

REPORTS

SEC. 353. The Secretary of Agriculture shall transmit a report to the Congress not later than March 1, 1982, setting forth— (1) various options for presenting the budget of the Farmers Home Administration and alternatives to the use of Federal Financing Bank financing for rural housing programs; (2) workable definitions of "low income" which will target Farmers Home Administration housing assistance programs to a population substantially equivalent to the population served by the Department of Housing and Urban Development's assisted housing programs; (3) the effect of a requirement that 30 per centum of assistance provided by the Farmers Home Administration be provided to families with incomes at 50 per centum of area median income and recommendations for contribution requirements which will achieve equity with the contribution requirements of the Department of Housing and Urban Development's assisted housing programs; (4) recommendations for ensuring that subsidy levels for assisted families are minimized and that assisted families with similar circumstances in different regions of the country are treated equally; and (5) the Farmers Home Administration's efforts to minimize the cost of housing subsidized under its programs and the Farmers Home Administration's use of existing lower cost housing technology.

Transmittal to Congress.

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