Page:United States Statutes at Large Volume 95.djvu/63

 PUBLIC LAW 97-12—JUNE 5, 1981

95 STAT. 37

PAYMENTS FOR OPERATION OF LOW-INCOME HOUSING PROJECTS

For an additional amount for "Payments for operation of lowincome housing projects", $100,000,000, to remain available until September 30, 1982: Provided, That the Secretary of Housing and Urban Development may accord priority in the distribution of these funds to meet the needs of public housing agencies which have experienced increased utility costs for reasons other than unjustified increases in consumption. LOW RENT PUBLIC HOUSING—LOANS AND OTHER EXPENSES PAYMENTS TO THE FEDERAL FINANCING BANK aNCLUDING TRANSFER OF FUNDS)

Unobligated balances of authority in the amount of $1,060,422,303 shall be transferred from the amounts provided in the Department of Housing and Urban Development-Independent Agencies Appropriation Act, 1981, for section 5(c) of the United States Housing Act of 94 Stat. 3046. 1937, as amended (42 U.S.C. 1437(c)), and shall be available for contracts for periodic payments to the Federal Financing Bank, as authorized by section 16(b) of Federal Financing Bank Act of 1973 (12 U.S.C. 2294(b)), to offset the cost to the Bank of purchasing obligations of local public housing agencies issued for purposes of financing public housing projects as authorized under section 5(c); $1,060,422,303 shall be available until expended for liquidation of obligations incurred pursuant to these contracts. CONGREGATE SERVICES PROGRAM (RESCISSION)

Of the funds appropriated under this head in the Department of Housing and Urban Development-Independent Agencies Appropriation Act, 1981, $10,000,000 are rescinded. 94 Stat. 3048. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GUARANTEES OF MORTGAGE-BACKED SECURITIES

For additional commitments during tiscal year 1981 to issue guarantees of mortgage-backed securities, $11,000,000,000. SOLAR ENERGY AND ENERGY CONSERVATION BANK ASSISTANCE FOR SOLAR AND CONSERVATION IMPROVEMENTS (RESCISSION)

Of the funds appropriated under this head in the Department of Housing and Urban Development-Independent Agencies Appropriation Act, 1981, $121,000,000 are rescinded. 94 Stat. 3047.

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