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referred to as the ‘‘Redevelopment Authority’’), sub-
ject to paragraph (3), only for use to carry out the 
pilot program under this subsection. 
(2) PURPOSE.—The pilot program under this 
subsection shall fund, through the combination of 
amounts provided under this subsection with public 
and private capital from other sources, the purchase 
or costs associated with the acquisition or disposition 
of individual parcels of land in New Orleans, Lou-
isiana, by the Redevelopment Authority to be aggre-
gated, assembled, and sold for the purpose of devel-
opment by private entities only in accordance with, 
and subject to, the Orleans Parish Recovery Plan, 
developed and adopted by the City of New Orleans. 
The costs associated with acquisition or disposition 
of a parcel of land may include costs for activities 
described paragraph (3)(C) with respect to such par-
cel and costs described in paragraph (3)(F). 
(3) CERTIFICATIONS.—The Secretary of Hous-
ing and Urban Development may make amounts 
available pursuant to paragraph (1) to the Redevel-
opment Authority only upon the submission to the 
Secretary of certifications, sufficient in the deter-
mination of the Secretary to ensure that the Rede-
velopment Authority— 
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(A) has the authority to purchase land for 
resale for the purpose of development in accord-
ance with the pilot program under this sub-
section; 
(B) has bonding authority (either on its 
own or through a State bonding agency) or has 
credit enhancements sufficient to support pub-
lic/private financing to acquire land for the pur-
poses of the pilot program under this sub-
section; 
(C) has the authority and capacity to en-
sure clean title to land sold under the pilot pro-
gram and to reduce the risk attributable to and 
indemnify against environmental, flood, and 
other liabilities; 
(D) will provide a first right to purchase 
any land acquired by the Redevelopment Au-
thority to the seller who sold the land to the 
Redevelopment Authority; 
(E) has in place sufficient internal controls 
to ensure that funds made available under this 
subsection may not be used to fund salaries or 
other administrative costs of the employees of 
the Redevelopment Authority; and 
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(F) will, in carrying out the pilot program 
under this subsection, consult with the Office of 
Recovery Management of the City of New Orle-
ans regarding coordination of activities under 
the program with the Recovery Plan referred to 
in paragraph (2), reimbursement of such City 
for costs incurred in support of the program, 
and use of program income and other amounts 
generated through the program. 
(4) DEVELOPMENT
REQUIREMENTS.—In car-
rying out the pilot program under this subsection, 
the Redevelopment Authority shall— 
(A) sell land acquired under the pilot pro-
gram only as provided in paragraph (2); 
(B) use any proceeds from the sale of such 
land to replenish funds available for use under 
the pilot program for the purpose of acquiring 
new parcels of land or to repay any private fi-
nancing for such purchases; 
(C) sell land only— 
(i) to purchasers who agree to develop 
such sites for sale to the public; or 
(ii) to purchasers pursuant to para-
graph (3)(D); and 
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(D) in the case of a purchaser of land pur-
suant to paragraph (3)(D), ensure that the de-
veloper of any adjacent parcels sold by the Re-
development Authority makes an offer to the 
purchaser to develop such land for a fee. 
(5) INAPPLICABILITY OF STAFFORD ACT LIMI-
TATIONS.—Any requirements or limitations under or 
pursuant to the Robert T. Stafford Disaster Relief 
and Emergency Assistance Act relating to use of 
properties acquired with amounts made available 
under such Act for certain purposes, restricting de-
velopment of such properties, or limiting subsequent 
alienation of such properties shall not apply to 
amounts provided under this subsection or prop-
erties acquired under the pilot program with such 
amounts. 
(6) GAO STUDY AND REPORT.—Upon the expi-
ration of the 2-year period beginning on the date of 
the enactment of this Act, the Comptroller General 
of the United States shall conduct a study of the 
pilot program carried out under this subsection to 
determine the effectiveness and limitations of, and 
potential improvements for, such program. Not later 
than 90 days after the expiration of such period, the 
Comptroller General shall submit a report to the 
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Committees on Financial Services and Transpor-
tation and Infrastructure of the House of Represent-
atives and the Committees on Banking, Housing, 
and Urban Affairs and Homeland Security and Gov-
ernmental Affairs of the Senate regarding the re-
sults of the study. 
(d) 
ONGOING
GAO 
REPORTS
ON
USE
OF 
AMOUNTS.— 
(1) QUARTERLY REPORTS.—During the period 
that amounts referred to in subsection (a)(3) are 
being expended under the Road Home Program of 
the Louisiana Recovery Authority, the Comptroller 
General of the United States shall submit reports on 
a quarterly basis to the Committees on Financial 
Services and Transportation and Infrastructure of 
the House of Representatives and the Committees 
on Banking, Housing, and Urban Affairs and Home-
land Security and Governmental Affairs of the Sen-
ate. Such reports shall describe and account for the 
use of all such amounts expended during the appli-
cable quarterly period and identify any waste, fraud, 
or abuse involved in the use of such amounts. 
(2) MONITORING.—The Comptroller General 
shall monitor the total amount referred to in sub-
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