Page:United States Statutes at Large Volume 99 Part 1.djvu/934

 99 STAT. 912

12 USC 1701x.

PUBLIC LAW 99-160—NOV. 25, 1985 maintenance, financial management, and such other matters as may be appropriate to assist them in improving their housing conditions and meeting the responsibilities of tenancy or homeownership, including provisions for training and for support of voluntary agencies and services as authorized by section 106(a)(l)(iii) and section 106(a)(2) of the Housing and Urban Development Act of 1968, as amended, $3,500,000. TROUBLED PROJECTS OPERATING SUBSIDY

12 USC 1701. 42 USC 5301 note.

For assistance payments to owners of eligible multifamily housing projects insured, or formerly insured, under the National Housing Act, as amended, in the program of operating subsidies for troubled multifamily housing projects under the Housing and Community Development Amendments of 1978, all unobligated balances of excess rental charges and any collections after September 30, 1985, to remain available until September 30, 1987: Provided, That assistance payments to an owner of a multifamily housing project assisted, but not insured, under the National Housing Act may be made if the project owner and the mortgagee have provided or agreed to provide assistance to the project in a manner as determined by the Secretary of Housing and Urban Development. FEDERAL HOUSING ADMINISTRATION FUND

12 USC 1701.

12 USC I7i5u.

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-30b) and 1735c(f)), $239,762,000, to remain available until expended. During 1986, 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 1986, additional commitments to guarantee loans to carry out the purposes of the National Housing Act, as amended, shall not exceed $60,000,000,000 of loan principal. During fiscal year 1986, gross obligations for direct loans of not to exceed $89,222,000 are authorized for pa3mients 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 1986, within the resources and authority available, gross obligations for the principal amounts of direct loans shall not exceed $1,000,000. GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GUARANTEES OF MORTGAGE-BACKED SECURITIES

12 USC 1721.

During 1986, new commitments to issue guarantees to carry out the purposes of section 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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