Page:United States Statutes at Large Volume 97.djvu/1200

 97 STAT. 1168 PUBLIC LAW 98-181—NOV. 30, 1983 42 USC 5306. (1) by striking out "and" at the end of paragraph (3); and (2) by adding at the end thereof the following new paragraph: "(5) to States and units of general local government for the purpose of allocating amounts to any such State or unit of general local government that is determined by the Secretary to have received insufficient amounts under section 106 as a result of a miscalculation of its share of funds under such section.". GUARANTEE OF LOANS Financing. SEC. 108. (a) Section 108(a) of the Housing and Community Devel- 42 USC 5308. opment Act of 1974 is amended by inserting after the first sentence the following new sentence: "A guarantee under this section may be used to assist a grantee in obtaining financing only if the grantee has made efforts to obtain such financing without the use of such guarantee and cannot complete such financing consistent with the timely execution of the program plans without such guarantee.", (b) Section 108(a) of such Act is amended by striking out the last sentence and inserting in lieu thereof the following: "Notwithstand- ing any other provision of law and subject only to the absence of qualified applicants or proposed activities, to the authority provided in this section, and to any funding limitation approved in appropri- ation Acts, the Secretary shall enter into commitments during fiscal year 1984 to guarantee notes and obligations under this section with an aggregate principal amount of $225,000,000. ". 42 USC 5312. 42 USC 1450. USE OF GRANTS TO SETTLE OUTSTANDING URBAN RENEWAL LOANS SEC. 109. Section 112 of the Housing and Community Development Act of 1974 is amended by adding at the end thereof the following new subsection: "(c) Any unit of general local government may retain any pro- gram income that is realized from a grant made by the Secretary pursuant to subsection (a) or under title I of the Housing Act of 1949 if (1) such income was realized after the initial disbursement of the grant funds by such unit of general local government; and (2) such unit of general local government agrees to utilize the program income for eligible community development activities in accordance with the provisions of this title.". 42 USC 5316. 42 USC 5316 note. TRANSITION PROVISIONS SEC. 110. (a) Section 116(b) of the Housing and Community Devel- opment Act of 1974 is amended by— (1) striking out "(in that fiscal year)"; and (2) striking out "in that year' and inserting in lieu thereof "for that year". Ob) The amendments made by this section shall apply only to funds available for fiscal year 1984 and thereafter. PART B—OTHER PROGRAMS 42 USC 5318. URBAN DEVELOPMENT ACTION GRANTS SEC. 121. (a) Section 119(a) of the Housing and Community Devel- opment Act of 1974 is amended by adding at the end thereof the following new sentence: "There are authorized to be appropriated to

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