184
by such Office to carry out the duties of the Director
under this subtitle, including the costs of examination, en-
forcement, and oversight expenses.
‘‘(b) REQUIREMENTS.—Annual assessments imposed
by the Director shall be—
‘‘(1) imposed prior to October 1 of each year;
‘‘(2) collected at such time or times during each
assessment year as determined necessary or appro-
priate by the Director;
‘‘(3) deposited into the Federal Housing Enter-
prise Fund established by section 1316(f); and
‘‘(4) available, to the extent provided in appro-
priation Acts, for carrying out the responsibilities of
the Director under this subtitle.’’.
(b) CLERICAL AMENDMENT.—The table of contents
in section 1(b) of the Housing and Community Develop-
ment Act of 1992 (Public Law 102–550; 106 Stat. 3679)
is amended—
(1) by redesignating the items relating to sec-
tions 1391 through 1395 as relating to sections
1385 through 1389, respectively; and
(2) by inserting before the item relating to title
XIV the following new items:
‘‘Subtitle F—Supervision and Regulation of Federal Home Mortgage
Insurance Fund
‘‘Sec. 1391. Authority of Director.
‘‘Sec. 1392. Examinations, reports, and cost estimates.
185
‘‘Sec. 1393. Capital requirements.
‘‘Sec. 1394. Reimbursement of costs.’’.
SEC. 573. DEFINITIONS.
For purposes of this title, the following definitions
shall apply:
(1) ADMINISTRATION.—The term ‘‘Administra-
tion’’ means the Federal Home Mortgage Insurance
Fund Administration, established under section 531.
(2) FUND ADMINISTRATOR.—The term ‘‘Fund
Administrator’’ means the Administrator of the Fed-
eral Home Mortgage Insurance Fund.
(3) SECRETARY.—Except as specifically pro-
vided otherwise, the term ‘‘Secretary’’ means the
Secretary of the Treasury.
SEC. 574. EFFECTIVE DATE.
(a) IN GENERAL.—Except as provided in subsection
(b) or otherwise specifically provided in this title, this title
shall take effect, and the amendments under this title shall
be made and shall apply, on the effective date under sec-
tion 108(a).
(b) PROVISIONS EFFECTIVE ON DATE OF ENACT-
MENT.—The following provisions of this title shall take ef-
fect on the date of the enactment of this Act:
(1) Section 532(a).
(2) Section 536(b).
(3) Subsections (c) and (d) of section 553.
186
TITLE VI—OFFICE OF FEDERAL-
ISM IN OFFICE OF MANAGE-
MENT AND BUDGET
SEC. 601. ESTABLISHMENT.
There is hereby established in the Office of Manage-
ment and Budget an office to be known as the Office of
Federalism (in this title referred to as the ‘‘Office’’).
SEC. 602. ADMINISTRATOR.
(a) APPOINTMENT.—There shall be at the head of the
Office an Administrator who shall be appointed by the
President, by and with the advice and consent of the Sen-
ate. This subsection shall take effect on the date of the
enactment of this Act.
(b) DELEGATION.—The Director of the Office of
Management and Budget shall delegate to the Adminis-
trator the authority to administer all functions under this
title, except that any such delegation shall not relieve the
Director of responsibility for the administration of such
functions.
SEC. 603. FUNCTIONS OF ADMINISTRATOR.
(a) PURPOSE.—The Administrator shall serve as
principal policy adviser to the Director on issues of fed-
eralism and shall provide overall direction of policy and
leadership in the development of communications and rela-
187
tions between the executive agencies of the Federal gov-
ernment and State and local governments.
(b) FUNCTIONS.—The functions of the Administrator
shall include—
(1) reviewing and evaluating policies, legisla-
tion, and regulations to determine their effect on the
relationship and allocation of authority between the
Federal Government and State governments and
providing advice to the President and executive
agencies regarding such matters; and
(2) serving as a liaison for the Federal Govern-
ment to Governors, mayors, and other elected State
and local officials, and otherwise communicating
with States, with regard to matters involving fed-
eralism issues, including Federal block grant initia-
tives.
SEC. 604. AUTHORIZATION OF APPROPRIATIONS.
There is authorized to be appropriated to carry out
this title such sums as may be necessary for each of fiscal
years 1996, 1997, 1998, 1999, and 2000.
SEC. 605. COMPENSATION OF ADMINISTRATOR AT LEVEL
III OF EXECUTIVE SCHEDULE.
Section 5314 of title 5, United States Code, is
amended by inserting, after the item relating to the Ad-
ministrator of the Office of Information and Regulatory
188
Affairs of the Office of Management and Budget, the fol-
lowing new item:
‘‘Administrator, Office of Federalism, Office of
Management and Budget.’’.
SEC. 606. EFFECTIVE DATE.
Except as otherwise provided in this title, this title
shall take effect, and the amendments under this title shall
be made and shall apply, on the effective date under sec-
tion 108(a).
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