Page:United States Statutes at Large Volume 98 Part 2.djvu/55

 PUBLIC LAW 98-371—JULY 18, 1984

98 STAT. 1215

by section 5 of the United States Housing Act of 1937, as amended (42 U.S.C. 1437c), and heretofore approved in appropriation Acts, is increased by $69,490,893, of which $6,160,000 shall be available for contracts using contract authority released by Acts of Congress prior to 1976: Provided further. That budget authority in the amount of $300,000,000 shall be available as an appropriation of funds only for rental rehabilitation grants to authorized grantees pursuant to section 17(a)(l)(A) of the United States Housing Act of 1937, as 97 Stat. 1196. amended, as authorized in section 17(a)(3)(A) of that Act, to remain 42 USC i437o. available until September 30, 1986: Provided further, That $150,000,000 of such budget authority shall not be available until October 1, 1984: Provided further. That, notwithstanding the provisions of section 17(b)(4) of such Act, any rental rehabilitation grant amounts not obligated at the end of fiscal year 1984 shall not be added to the amount available for allocation for such grants for fiscal year 1985 but shall remain available for obligation according to the fiscal year 1984 allocation and consistent with the terms and conditions of law applicable as of September 30, 1984: Provided further, That budget authority in the amount of $315,000,000 shall be available as an appropriation of funds only for development grants to authorized grantees pursuant to section 17(a)(1)(B) of the United States Housing Act of 1937, as authorized in section 17(a)(3)(B) of that Act, to remain available until September 30, 1986: Provided further. That $115,000,000 of such budget authority shall • BJ • not be available until October 1, 1984.". Notwithstanding any other provision of this Act, the immediately Effective date. preceding paragraph shall become effective upon enactment of this Act. RENT SUPPLEMENT (RESCISSION)

The limitation otherwise applicable to the maximum payments that may be required in any fiscal year by all contracts entered into under section 101 of the Housing and Urban Development Act of 1965 (12 U.S.C. 1701s) is reduced in fiscal year 1985 by not more than $81,617,000 in uncommitted balances of authorizations provided for this purpose in appropriation Acts. RENTAL HOUSING ASSISTANCE (RESCISSION)

The limitation otherwise applicable to the maximum payments that may be required in any fiscal year by all contracts entered into under section 236 of the National Housing Act (12 U.S.C. 1715z-l) is reduced in fiscal year 1985 by not more than $7,631,000 in uncommitted balances of authorizations provided for this purpose in appropriation Acts. HOUSING FOR THE ELDERLY OR HANDICAPPED FUND

In 1985, $600,000,000 of direct loan obligations may be made under section 202 of the Housing Act of 1959, as amended (12 U.S.C. 1701q), utilizing the resources of the fund authorized by subsection (a)(4) of such section, in accordance with paragraph (C) of such subsection: Provided, That such commitments shall be available only to qualified nonprofit sponsors for the purpose of providing 100 per centum

42 USC 1451, 1465.

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