I
Union Calendar No. 302
103D CONGRESS
2D SESSION
H. R. 4568
[Report No. 103–550]
Making supplemental appropriations for the Department of Housing and
Urban Development for the fiscal year ending September 30, 1994,
and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
JUNE 13, 1994
Mr. OBEY introduced the following bill; which was referred to the Committee
on Appropriations
JUNE 17, 1994
Committed to the Committee of the Whole House on the State of the Union,
and ordered to be printed
A BILL
Making supplemental appropriations for the Department of
Housing and Urban Development for the fiscal year end-
ing September 30, 1994, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
That the following sums are appropriated, out of any
money in the Treasury not otherwise appropriated, to pro-
vide supplemental appropriations for the Department of
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Housing and Urban Development for the fiscal year end-
ing September 30, 1994, and for other purposes, namely:
DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT
FEDERAL HOUSING ADMINISTRATION
FHA—MUTUAL MORTGAGE INSURANCE PROGRAM
ACCOUNT
During fiscal year 1994, additional commitments to
guarantee loans to carry out section 203(b) of the Na-
tional Housing Act, as amended, shall not exceed an addi-
tional loan principal of $35,000,000,000.
FHA—GENERAL AND SPECIAL RISK PROGRAM ACCOUNT
For an additional amount for the cost of guaranteed
loans, not to exceed $18,080,000, as authorized by the
National Housing Act, as amended (12 U.S.C. 1715z–3(b)
and 1735c(f)), of which $8,080,000 shall become available
upon enactment: Provided, That such costs, including the
cost of modifying loans, shall be as defined in section 502
of the Congressional Budget Act of 1974: Provided fur-
ther, That notwithstanding any limitation for fiscal year
1994 in section 531(b) of the National Housing Act, these
funds are available to subsidize total loan principal, any
part of which is to be guaranteed, not to exceed
$3,000,000,000: Provided further, That during fiscal year
1994, the Secretary shall sell without recourse assigned
mortgage notes having an unpaid principal balance of up
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to $180,000,000, which notes were originally insured
under section 221(g)(4) or title X of the National Housing
Act: Provided further, That of the amount appropriated
herein, an amount equal to the lesser of $10,000,000 or
the excess of the net proceeds from the sale of mortgage
notes above $88,900,000 shall become available only after
such sale has been completed.
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION
GUARANTEES OF MORTGAGE-BACKED SECURITIES LOAN
GUARANTEE PROGRAM ACCOUNT
During fiscal year 1994, additional commitments to
issue guarantees to carry out section 306 of the National
Housing Act, as amended (12 U.S.C. 1721(g)), shall not
exceed $55,000,000,000.
Union Calendar No. 302
103D CONGRESS
2D SESSION
H. R. 4568
[Report No. 103–550]
A BILL
Making supplemental appropriations for the De-
partment of Housing and Urban Development for
the fiscal year ending September 30, 1994, and
for other purposes.
JUNE 17, 1994
Committed to the Committee of the Whole House on the
State of the Union, and ordered to be printed