Page:United States Statutes at Large Volume 96 Part 1.djvu/1204

 96 STAT. 1162 12 USC 1701X.

PUBLIC LAW 97-272—SEPT. 30, 1982

106(a)(2) of the Housing and Urban Development Act of 1968, as amended, $3,500,000. FEDERAL HOUSING ADMINISTRATION FUND

12 USC 1715U.

For payment to cover losses, not otherwise provided for, sustained by the Special Risk Insurance Fund and General Insurance Fund as authorized by the National Housing Act, as amended (12 U.S.C. 1715z-3(b) and 1735c(f)), $240,022,000, to remain available until expended. During 1983, within the resources available, gross obligations for direct loans are authorized in such amounts as may be necessary to carry out the purposes of the National Housing Act, as amended. During 1983, additional commitments to guarantee loans to carry out the purposes of the National Housing Act, as amended, shall not exceed $39,800,000,000 of loan principal. During fiscal year 1983, gross obligations for direct loans of not to exceed $45,000,000 are authorized for payments under section 230(a) of the National Housing Act, as amended, from the insurance fund chargeable for benefits on the mortgage covering the property to which the payments made relate, and payments in connection with such obligations are hereby approved. NONPROFIT SPONSOR ASSISTANCE

During 1983, within the resources and authority available, gross obligations for the principal amounts of direct loans shall not exceed $1,790,000. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION P A Y M E N T OF PARTICIPATION SALES INSUFFICIENCIES

81 Stat. 341.

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 Federal National Mortgage Association Charter Act, as amended (12 U.S.C. 1717), $2,726,000. EMERGENCY MORTGAGE PURCHASE ASSISTANCE

During 1983, 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

12 USC 1721.

During 1983, new commitments to issue guarantees to carry out the purposes of siection 306 of the National Housing Act, as amended (12 U.S.C. 1721g), shall not exceed $68,250,000,000 of loan principal.

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