‘‘(1) ESTABLISHMENT.—There is established in
the Treasury of the United States a loan guarantee
fund for the purpose of providing loan guarantees
under this section.
‘‘(2) CREDITS.—The guarantee fund shall be
credited with—
‘‘(A) any amounts, claims, notes, mort-
gages, and contracts acquired by the Secretary
under this section, and any collections and pro-
ceeds therefrom;
‘‘(B) any amounts appropriated under
paragraph (7);
‘‘(C) any guarantee fees collected under
subsection (e)(3); and
‘‘(D) any interest or earnings on amounts
invested under paragraph (4).
‘‘(3) USE.—Amounts in the guarantee fund
shall be available, to the extent provided in appro-
priation Acts, for—
‘‘(A) fulfilling any obligations of the Sec-
retary with respect to loans guaranteed under
this section, including the costs (as such term
is defined in section 502 of the Congressional
Budget Act of 1974) of such loans;
‘‘(B) paying taxes, insurance, prior liens,
expenses necessary to make fiscal adjustment in
connection with the application and transmittal
of collections, and other expenses and advances
to protect the Secretary for loans which are
guaranteed under this section or held by the
Secretary;
‘‘(C) acquiring such security property at
foreclosure sales or otherwise; and
‘‘(D) paying administrative expenses in
connection with this section.
‘‘(4) INVESTMENT.—Any amounts in the guar-
antee fund that the Secretary determines are in ex-
cess of amounts currently required to carry out this
section may be invested in obligations of the United
States.
‘‘(5) LIMITATION ON COMMITMENTS TO GUAR-
ANTEE LOANS AND MORTGAGES.—
‘‘(A) 
REQUIREMENT
OF
APPROPRIA-
TIONS.—The authority of the Secretary to enter
into commitments to guarantee loans under this
section shall be effective for any fiscal year to
the extent or in such amounts as are or have
been provided in appropriation Acts, without re-
gard to the fiscal year for which such amounts
were appropriated.
‘‘(B) LIMITATIONS ON COSTS OF GUARAN-
TEES.—The authority of the Secretary to enter
into commitments to guarantee loans under this
section shall be effective for any fiscal year only
to the extent that amounts in the guarantee
fund are or have been made available in appro-
priation Acts to cover the costs (as such term
is defined in section 502 of the Congressional
Budget Act of 1974) of such loan guarantees
for such fiscal year. Any amounts appropriated
pursuant to this subparagraph shall remain
available until expended.
‘‘(C) LIMITATION
ON
OUTSTANDING
AG-
GREGATE PRINCIPAL AMOUNT.—Subject to the
limitations in subparagraphs (A) and (B), the
Secretary may enter into commitments to guar-
antee loans under this section in each fiscal
year with an aggregate outstanding principal
amount not exceeding such amount as may be
provided in appropriation Acts for such fiscal
year.
‘‘(6) LIABILITIES.—All liabilities and obliga-
tions of the assets credited to the guarantee fund
under paragraph (2)(A) shall be liabilities and obli-
gations of the guarantee fund.
‘‘(7) AUTHORIZATION
OF
APPROPRIATIONS.—
There are authorized to be appropriated to the guar-
antee fund such sums as may be necessary to carry
out this section.’’.
(b) TABLE OF CONTENTS AMENDMENT.—The table
of contents for subtitle I of the Solid Waste Disposal Act
is amended by adding at the end the following new item:
‘‘Sec. 9011. HUD loan guarantees for owners of homes affected by leaking un-
derground storage tanks.’’.
Æ