H. R. 2160—32
(ii) the share of milk production for Class II and
Class III use of the total milk production in the Com-
pact region;
(4) dairy farmers and dairy product manufacturers in
States and regions outside the Compact region with respect
to the impact of changes in milk production, and the impact
of any changes in disposition of milk originating in the Compact
region, on national milk supply levels and farm level milk
prices nationally; and
(5) the cost of carrying out the milk price support program
established under section 141 of the Agricultural Market
Transition Act (7 U.S.C. 7251).
(d) ADDITIONAL STATES
AND COMPACTS.—The Director shall
evaluate and incorporate into the evaluation required under sub-
section (b) an evaluation of the economic impact of adding additional
States to the Compact for the purpose of increasing prices paid
to milk producers.
SEC. 733. From proceeds earned from the sale of grain in
the disaster reserve established in the Agricultural Act of 1970,
the Secretary may use up to an additional $2,000,000 to implement
a livestock indemnity program as established in Public Law 105–
18.
SEC. 734. PLANTING OF WILD RICE ON CONTRACT ACREAGE.—
None of the funds appropriated in this Act may be used to admin-
ister the provision of contract payments to a producer under the
Agricultural Market Transition Act (7 U.S.C. 7201 et seq.) for
contract acreage on which wild rice is planted unless the contract
payment is reduced by an acre for each contract acre planted
to wild rice.
SEC. 735. RURAL HOUSING PROGRAMS. (a) HOUSING IN UNDER-
SERVED AREAS PROGRAM.—The first sentence of section 509(f)(4)(A)
of the Housing Act of 1949 (42 U.S.C. 1479(f)(4)(A)) is amended
by striking ‘‘fiscal year 1997’’ and inserting ‘‘fiscal year 1998’’.
(b) HOUSING AND RELATED FACILITIES FOR ELDERLY PERSONS
AND FAMILIES AND OTHER LOW-INCOME PERSONS AND FAMILIES.—
(1) AUTHORITY TO MAKE LOANS.—Section 515(b)(4) of the
Housing Act of 1949 (42 U.S.C. 1485(b)(4)) is amended by
striking ‘‘September 30, 1997’’ and inserting ‘‘September 30,
1998’’.
(2) SET-ASIDE FOR NONPROFIT ENTITIES.—The first sentence
of section 515(w)(1) of the Housing Act of 1949 (42 U.S.C.
1485(w)(1)) is amended by striking ‘‘fiscal year 1997’’ and insert-
ing ‘‘fiscal year 1998’’.
(3) LOAN TERM.—Section 515 of the Housing Act of 1949
(42 U.S.C. 1485) is amended—
(A) in subsection (a)(2), by striking ‘‘up to fifty’’ and
inserting ‘‘up to 30’’; and
(B) in subsection (b)—
(i) by striking paragraph (2) and inserting the
following:
‘‘(2) such a loan may be made for a period of up to 30
years from the making of the loan, but the Secretary may
provide for periodic payments based on an amortization sched-
ule of 50 years with a final payment of the balance due at
the end of the term of the loan;’’;
(ii) in paragraph (5), by striking ‘‘and’’ at the end;
H. R. 2160—33
(iii) in paragraph (6), by striking the period at
the end and inserting ‘‘; and’’; and
(iv) by adding at the end the following:
‘‘(7) the Secretary may make a new loan to the current
borrower to finance the final payment of the original loan
for an additional period not to exceed twenty years, if—
‘‘(A) the Secretary determines—
‘‘(i) it is more cost-efficient and serves the tenant
base more effectively to maintain the current property
than to build a new property in the same location;
or
‘‘(ii) the property has been maintained to such
an extent that it warrants retention in the current
portfolio because it can be expected to continue provid-
ing decent, safe, and affordable rental units for the
balance of the loan; and
‘‘(B) the Secretary determines—
‘‘(i) current market studies show that a need for
low-income rural rental housing still exists for that
area; and
‘‘(ii) any other criteria established by the Secretary
has been met.’’.
(c) LOAN GUARANTEES FOR MULTIFAMILY RENTAL HOUSING IN
RURAL AREAS.—Section 538 of the Housing Act of 1949 (42 U.S.C.
1490p–2) is amended—
(1) in subsection (q), by striking paragraph (2) and inserting
the following:
‘‘(2) ANNUAL LIMITATION ON AMOUNT OF LOAN GUARANTEE.—
In each fiscal year, the Secretary may enter into commitments
to guarantee loans under this section only to the extent that
the costs of the guarantees entered into in such fiscal year
do not exceed such amount as may be provided in appropriation
Acts for such fiscal year.’’;
(2) by striking subsection (t) and inserting the following:
‘‘(t) AUTHORIZATION OF APPROPRIATIONS.—There are authorized
to be appropriated for fiscal year 1998 for costs (as such term
is defined in section 502 of the Congressional Budget Act of 1974)
of loan guarantees made under this section such sums as may
be necessary for such fiscal year.’’; and
(3) in subsection (u), by striking ‘‘1996’’ and inserting
‘‘1998’’.
H. R. 2160—34
This Act may be cited as the ‘‘Agriculture, Rural Development,
Food and Drug Administration, and Related Agencies Appropria-
tions Act, 1998’’.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.