Page:United States Statutes at Large Volume 97.djvu/1271

 PUBLIC LAW 98-181—NOV. 30, 1983 97 STAT. 1239 Secretary of the Treasury is authorized to usc as a public debt transaction the proceeds from the sale of any securities issued under chapter 31 of title 31, United States Code, and the purposes for which securities niay be issued under such chapter are extended to include purchases of obligations issued under this subsection. (d) Upon the transfer required in title I of the Department of Housing and Urban Development-Independent Agencies Appropri- ation Act, 1984, each obligation issued by the Secretary of Housing and Urban Development to the Secretary of the Treasury pursuant to section 407(a) or 717(b) of title IV or title VII, respectively, together with any promise to repay the principal and unpaid inter- est which has accrued on each obligation, and any other term or condition specified by each such obligation, is canceled. (e) Title IV, except for sections 408,411,413, 414, and 416, and part B of title VII, except for sections 724, 725, 726, and subsections (b) through (e) of section 727, are hereby repealed. Section 717 of title VII shall remain in effect until completion of the transfer required in title I of the* Department of Housing and Urban Development- Independent Agencies Appropriation Act, 1984. The Secretary may not implement the amendment to section 214 of the Housing and Community Development Act of 1980, made by section 329(a) of the Housing and Community Development Amendments of 1981, before the expiration of the one-year period following the date of the enactment of this Act. Any actions taken, prior to repeal, under the authority of any of the sections which are repealed by this section shall continue to be valid. Nothing in this subsection shall impair the validity of any guarantees which have been made pursuant to title IV or title VII and any such guarantees shall continue to be governed by the provisions of title IV or title VII, as applicable, as they existed immediately before the date of the enactment of this Act. PART D—SECONDARY MORTGAGE MARKET PROGRAMS 31 USC 3101 et se q. Ante, p. 219. 42 USC 3906, 4518. 42 USC 3901. 42 USC 4511. 42 USC 4518 note. 42 USC 1436a note. 42 USC 1436a. 42 USC 3901 note. 42 USC 3901, 4501. AMOUNT TO BE GUARANTEED UNDER THE GOVERNMENT NATIONAL MORTGAGE ASSOCIATION MORTGAGE-BACKED SECURITIES PROGRAM SEC. 481. Section 306(g)(2) of the Federal National Mortgage Asso- ciation Charter Act is amended to read as follows: "(2) Notwithstanding any other provision of law and subject only to the absence of qualified requests for guarantees, to the authority provided in this subsection, and to any funding limitation approved in appropriation Acts, the Association shall enter into commitments for each of the fiscal years 1984 and 1985 to issue guarantees under this subsection for each such Hscal year in an aggregate amount of $68,250,000,000. ". 12 USC 1721. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION COMMITMENT EXTENSION SEC. 482. The commitment issued under section 305(b) of the Federal National Mortgage Association Charter Act, known as GNMA commitment numbered 926-984, to purchase a mortgage insured under such Act shall be grsmted for 43 months without the imposition of additional fees beyond the initial commitment fee. Post, p. 1240.

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