amounts to be received by the grantee to private and non-
profit organizations and other persons carrying out eligible
activities under this section on behalf of the grantee.
(d) PROHIBITED USES.—Except as provided in sub-
section (a)(4)(B), assistance under this title may not be
used for any activity the primary purpose of which is to
provide housing or for any activity involving the construc-
tion, acquisition, or rehabilitation of inpatient medical
facilities.
SEC. 106. ALLOCATION AND DISTRIBUTION OF FUNDS.
(a) ALLOCATION FOR ENTITLEMENT AREAS.—
(1) INDIAN TRIBES.—Of the amount approved
in an appropriation Act under section 103 for grants
under this title, the Secretary shall reserve for
grants to Indian tribes 1 percent of the amount ap-
propriated under such section. The Secretary shall
provide for distribution of amounts under this para-
graph to Indian tribes on the basis of a competition
conducted pursuant to specific criteria for the selec-
tion of Indian tribes to receive such amounts. The
criteria shall be contained in a guideline issued by
the Secretary. Notwithstanding any other provision
of this title, such grants to Indian tribes shall not
be subject to the requirements of section 104, except
subsections (e), (f), and (h) of such section.
(2) METROPOLITAN CITIES AND URBAN COUN-
TIES.—Of the amount remaining after allocations
pursuant to paragraph (1), 70 percent shall be allo-
cated by the Secretary to metropolitan cities and
urban counties. Except as otherwise specifically au-
thorized, each metropolitan city and urban county
shall be entitled to a grant from such allocation in
an amount not exceeding its basic amount computed
pursuant to paragraph (1) or (2) of subsection (b).
(b) COMPUTATION OF ALLOCATION AMOUNTS FOR
ENTITLEMENT AREAS.—
(1) METROPOLITAN
CITIES.—The Secretary
shall determine the amount to be allocated to each
metropolitan city which shall be the greater of an
amount that bears the same ratio to the allocation
for all metropolitan areas as either—
(A) the average of the ratios between—
(i) the population of that city and the
population of all metropolitan areas;
(ii) the extent of poverty in that city
and the extent of poverty in all metropoli-
tan areas; and
(iii) the extent of housing overcrowd-
ing in that city, and the extent of housing
overcrowding in all metropolitan areas; or
(B) the average of the ratios between—
(i) the extent of growth lag in that
city and the extent of growth lag in all
metropolitan cities;
(ii) the extent of poverty in that city
and the extent of poverty in all metropoli-
tan areas; and
(iii) the age of housing in that city
and the age of housing in all metropolitan
areas.
(2) URBAN COUNTIES.—The Secretary shall de-
termine the amount to be allocated to each urban
county, which shall be the greater of an amount that
bears the same ratio to the allocation for all metro-
politan areas as either—
(A) the average of the ratios between—
(i) the population of that urban coun-
ty and the population of all metropolitan
areas;
(ii) the extent of poverty in that
urban county and the extent of poverty in
all metropolitan areas; and
(iii) the extent of housing overcrowd-
ing in that urban county and the extent of
housing overcrowding in all metropolitan
areas; or
(B) the average of the ratios between—
(i) the extent of growth lag in that
urban county and the extent of growth lag
in all metropolitan cities and urban coun-
ties;
(ii) the extent of poverty in that
urban county and the extent of poverty in
all metropolitan areas; and
(iii) the age of housing in that urban
county and the age of housing in all metro-
politan areas.
(3) DETERMINATION OF RATIOS.—In determin-
ing the average of ratios under paragraphs (1)(A)
and (2)(A), the ratio involving the extent of poverty
shall be counted twice, and each of the other ratios
shall be counted once; and in determining the aver-
age of ratios under paragraphs (1)(B) and (2)(B),
the ratio involving the extent of growth lag shall be
counted once, the ratio involving the extent of pov-
erty shall be counted one and one-half times, and
the ratio involving the age of housing shall be count-
ed two and one-half times.
(c) REALLOCATION OF UNDISTRIBUTED AMOUNTS.—
(1) IN GENERAL.—Any amounts allocated to a
metropolitan city or an urban county pursuant to
the preceding provisions of this section which are
not received by the city or county because of failure
to meet the requirements of subsection (a), (b), or
(c) of section 104, or which become available as a
result of actions under section 109, shall be reallo-
cated in fiscal year 1994 to the other metropolitan
cities and urban counties in the same metropolitan
area which certify to the satisfaction of the Sec-
retary that they would be adversely affected by the
loss of such amounts from the metropolitan area.
The amount of the share of funds reallocated under
this paragraph for any metropolitan city or urban
county shall bear the same ratio to the total of such
reallocated funds in the metropolitan area as the
amount of funds awarded to the city or county for
fiscal year 1993 bears to the total amount of funds
awarded to all metropolitan cities and urban coun-
ties in the same metropolitan area for fiscal year
1993, except that—
(A) in determining the amounts awarded
to cities or counties for purposes of calculating
shares pursuant to this sentence, there shall be
excluded from the award of any city or county
any amounts that become available as a result
of actions against such city or county under
section 109;
(B) in reallocating amounts resulting from
an action under section 109, a city or county
against whom any such action was taken shall
be excluded from a calculation of share for pur-
poses of reallocating, in fiscal year 1994, the
amounts becoming available as a result of such
action; and
(C) in no event may the share of reallo-
cated funds for any metropolitan city or urban
county exceed 25 percent of the amount award-
ed to the city or county under section 106(b)
for fiscal year 1993.
Any amounts allocated under section 106(b) which
become available for reallocation and for which no
metropolitan city or urban county qualifies under
this paragraph shall be covered into the Treasury of
the United States.
(2) 
TRANSFER
RESPONSIBILITY.—Notwith-
standing the provisions of paragraph (1), the Sec-
retary may, upon request, transfer responsibility to
any metropolitan city for the administration of any
amounts received, but not obligated, by the urban
county in which such city is located if (A) such city
was an included unit of general local government in
such county prior to the qualification of such city as
a metropolitan city; (B) such amounts were des-
ignated and received by such county for use in such
city prior to the qualification of such city as a met-
ropolitan city; and (C) such city and county agree to
such transfer of responsibility for the administration
of such amounts.
(d) ALLOCATION TO STATES FOR NONENTITLEMENT
AREAS.—
(1) COMPUTATION OF ALLOCATION AMOUNT.—
Of the amount approved in an appropriations Act
under section 103 for grants under this title (exclud-
ing the amounts provided for use in accordance with
section 106(a)(1)), 30 percent shall be allocated
among the States for use in nonentitlement areas.
The allocation for each State shall be the greater of
an amount that bears the same ratio to the alloca-
tion for such areas of all States available under this
subparagraph as either—
(A) the average of the ratios between—
(i) the population of the nonentitle-
ment areas in that State and the popu-
lation of the nonentitlement areas of all
States;
(ii) the extent of poverty in the non-
entitlement areas in that State and the ex-
tent of poverty in the nonentitlement areas
of all States; and
(iii) the extent of housing overcrowd-
ing in the nonentitlement areas in that
State and the extent of housing overcrowd-
ing in the nonentitlement areas of all
States; or
(B) the average of the ratios between—
(i) the age of housing in the non-
entitlement areas in that State and the age
of housing in the nonentitlement areas of
all States;
(ii) the extent of poverty in the non-
entitlement areas in that State and the ex-
tent of poverty in the nonentitlement areas
of all States; and
(iii) the population of the nonentitle-
ment areas in that State and the popu-
lation of the nonentitlement areas of all
States.
In determining the average of the ratios under sub-
paragraph (A) the ratio involving the extent of pov-
erty shall be counted twice and each of the other
ratios shall be counted once; and in determining the
average of the ratios under subparagraph (B), the
ratio involving the age of housing shall be counted
two and one-half times, the ratio involving the extent
of poverty shall be counted one and one-half times,
and the ratio involving population shall be counted
once. The Secretary shall, in order to compensate
for the discrepancy between the total of the amounts
to be allocated under this paragraph and the total
of the amounts available under such paragraph,
make a pro rata reduction of each amount allocated
to the nonentitlement areas in each State under
such paragraph so that the nonentitlement areas in
each State will receive an amount which represents
the same percentage of the total amount available
under such paragraph as the percentage which the
nonentitlement areas of the same State would have
received under such paragraph if the total amount
available under such paragraph had equaled the
total amount which was allocated under such para-
graph.
(2) DISTRIBUTION OF AMOUNTS.—
(A) 
IN
GENERAL.—Amounts 
allocated
under paragraph (1) shall be distributed to
units of general local government located in
nonentitlement areas of the State to carry out
activities in accordance with the provisions of
this title—
(i) by a State that has elected, in such
manner and at such time as the Secretary
shall prescribe, to distribute such amounts,
consistent with the statement submitted
under section 104(a); or
(ii) by the Secretary, in any case de-
scribed in subparagraph (B), for use by
units of general local government in ac-
cordance with paragraph (3)(B).
(B) DISTRIBUTION BY SECRETARY.—The
Secretary shall distribute amounts allocated
under paragraph (1) if the State has not
elected to distribute such amounts.
(C) DISTRIBUTION BY STATE.—To receive
and distribute amounts allocated under para-
graph (1), the State must certify that it, with
respect to units of general local government in
nonentitlement areas—
(i) engages or will engage in planning
for community development activities;
(ii) provides or will provide technical
assistance to units of general local govern-
ment in connection with community devel-
opment programs;
(iii) will not refuse to distribute such
amounts to any unit of general local gov-
ernment on the basis of the particular eli-
gible activity selected by such unit of gen-
eral local government to meet its commu-
nity development needs, except that this
clause may not be considered to prevent a
State from establishing priorities in dis-
tributing such amounts on the basis of the
activities selected; and
(iv) has consulted with local elected
officials from among units of general local
government 
located 
in 
nonentitlement
areas of that State in determining the
method of distribution of funds required by
subparagraph (A).
(D) 
COMMUNITY
IDENTIFICATION
OF
NEEDS.—To receive and distribute amounts al-
located under paragraph (1), the State shall
certify that each unit of general local govern-
ment to be distributed funds will be required to
identify its community development needs, in-
cluding the needs of low- and moderate-income
persons, and the activities to be undertaken to
meet such needs.
(3) OTHER DISTRIBUTION REQUIREMENTS.—
(A) STATE DISTRIBUTION EXPENSES.—If
the 
State 
receives 
and 
distributes 
such
amounts, the State shall be responsible for the
administration of funds so distributed. The
State shall pay from its own resources all ad-
ministrative expenses incurred by the State in
carrying out its responsibilities under this title,
except that from the amounts received for dis-
tribution in nonentitlement areas the State may
deduct an amount to cover such administrative
expenses which may not exceed the sum of
$100,000 plus 50 percent of any such expenses
under this title in excess of $100,000. Any
amounts deducted in excess of $100,000 may
not exceed 2 percent of the amount so received.
(B) DISTRIBUTION BY SECRETARY.—If the
Secretary distributes such amounts, the dis-
tribution shall be made in accordance with de-
terminations of the Secretary pursuant to state-
ments submitted and other requirements of sec-
tion 104 and in accordance with regulations
and procedures prescribed by the Secretary.
(C) RECOVERED
STATE
AMOUNTS.—Any
amounts allocated for use in a State under
paragraph (1) that are not received by the
State because of failure to meet the require-
ments of subsection (a), (b), or (c) of section
104 or to make the certifications required in
subparagraphs (C) and (D) of paragraph (2),
or that become available as a result of actions
against the State under section 109, shall be
covered into the Treasury of the United States.
(D) RECOVERED
AMOUNTS
FROM
UNITS
OF
GENERAL
LOCAL
GOVERNMENT.—Any
amounts allocated for use in a State under
paragraph (1) that become available as a result
of actions under section 109 against units of
general local government in nonentitlement
areas of the State or as a result of the closeout
of a grant made by the Secretary under this
section in nonentitlement areas of the State
shall be covered into the Treasury of the United
States.
(4) REQUIRED
CERTIFICATIONS.—No amount
may be distributed by any State or the Secretary
under this subsection to any unit of general local
government located in a nonentitlement area unless
such unit of general local government certifies
that—
(A) it will minimize displacement of per-
sons as a result of activities assisted with such
amounts;
(B) its program will be conducted and ad-
ministered in conformity with the Civil Rights
Act of 1964 and the Civil Rights Act of 1968,
and that it will affirmatively further fair hous-
ing;
(C) it will not attempt to recover any cap-
ital costs of public improvements assisted in
whole or part under section 106 by assessing
any amount against properties owned and occu-
pied by persons of low- and moderate-income,
including any fee charged or assessment made
as a condition of obtaining access to such public
improvements, unless (i) funds received under
section 106 are used to pay the proportion of
such fee or assessment that relates to the cap-
ital costs of such public improvements that are
financed from revenue sources other than under
this title; or (ii) for purposes of assessing any
amount against properties owned and occupied
by persons of moderate income, the grantee cer-
tifies to the Secretary or such State, as the case
may be, that it lacks sufficient funds received
under section 106 to comply with the require-
ments of clause (i).
(5) GRANTS
TO
NONENTITLEMENT
AREAS.—
Pursuant to section 102(a)(1) of the Housing and
Community Development Act of 1974 and section
102(a) of this Act, any combination of units of gen-
eral local government may not be required to obtain
recognition by the Secretary to be treated as a single
unit of general local government for purposes of this
subsection.
(6) APPLICABILITY OF FEDERAL LAWS.—Any
activities conducted with amounts received by a unit
of general local government under this subsection
shall be subject to the applicable provisions of this
title and other Federal law in the same manner and
to the same extent as activities conducted with
amounts received by a unit of general local govern-
ment under subsection (a).
(e) SUBMISSION DATES.—The Secretary may fix
such qualification or submission dates as the Secretary de-
termines necessary to permit the computations and deter-
minations required by this section to be made in a timely
manner, and all such computations and determinations
shall be final and conclusive.
(f) LIMITATION ON USE OF 1990 CENSUS DATA.—
(1) IN GENERAL.—Except as provided in para-
graph (2), no data derived from the 1990 Decennial
Census shall be taken into account for purposes of
the allocation of amounts under this section.
(2) EXCEPTION.—Data from such Census relat-
ing to population and poverty may be taken into ac-
count for the purposes referred to in paragraph (1).
SEC. 107. NONDISCRIMINATION.
(a) IN GENERAL.—No person in the United States
shall on the ground of race, color, national origin, religion,
or sex be excluded from participation in, be denied the
benefits of, or be subjected to discrimination under any
program or activity funded in whole or in part with funds
made available under this title. Any prohibition against
discrimination on the basis of age under the Age Discrimi-
nation Act of 1975 or with respect to an otherwise quali-
fied handicapped individual as provided in section 504 of
the Rehabilitation Act of 1973 shall also apply to any such
program or activity.
(b) NOTIFICATION AND ENFORCEMENT.—Whenever
the Secretary determines that a State or unit of general
local government which is a recipient of assistance under
this title has failed to comply with subsection (a) or an
applicable regulation, the Secretary shall notify the Gov-
ernor of such State or the chief executive officer of such
unit of local government of the noncompliance and shall
request the Governor or the chief executive officer to se-
cure compliance. If within a reasonable period of time, not
to exceed 60 days, the Governor or the chief executive offi-
cer fails or refuses to secure compliance, the Secretary
may (1) refer the matter to the Attorney General with a
recommendation that an appropriate civil action be insti-
tuted; (2) exercise the powers and functions provided
under title VI of the Civil Rights Act of 1964; (3) exercise
the powers and functions provided for in section 109(a)
of this Act; or (4) take such other action as may be pro-
vided by law.
(c) CIVIL ACTION BY ATTORNEY GENERAL.—When
a matter is referred to the Attorney General pursuant to
subsection (b), or whenever the Attorney General has rea-
son to believe that a State government or unit of general
local government is engaged in a pattern or practice in
violation of the provisions of this section, the Attorney
General may bring a civil action in any appropriate United
States district court for such relief as may be appropriate,
including injunctive relief.
SEC. 108. LABOR STANDARDS.
(a) WAGES.—All laborers and mechanics employed by
contractors or subcontractors in the performance of con-
struction work financed in whole or in part with assistance
received under this title shall be paid wages at rates not
less than those prevailing on similar construction in the
locality as determined by the Secretary of Labor in accord-
ance with the Davis-Bacon Act (40 U.S.C. 276a—276a–
5); except that this section shall apply to the rehabilitation
of residential property only if such property contains not
less than 8 units. The Secretary of Labor shall have, with
respect to such labor standards, the authority and func-
tions set forth in Reorganization Plan Numbered 14 of
1950 (15 F.R. 3176; 64 Stat. 1267) and section 2 of the
Act of June 13, 1934 (48 Stat. 948; 40 U.S.C. 276(c)).
(b) APPLICABILITY.—Subsection (a) shall not apply
to any individual—
(1) that performs services for which the individ-
ual volunteered;
(2) that—
(A) does not receive compensation for such
services; or
(B) is paid expenses, reasonable benefits,
or a nominal fee for such services; and
(3) is not otherwise employed at any time in the
construction work.
SEC. 109. REMEDIES FOR NONCOMPLIANCE.
(a) IN GENERAL.—If the Secretary finds after rea-
sonable notice and opportunity for hearing that a recipient
of assistance under this title has failed to comply substan-
tially with any provision of this title, the Secretary, until
the Secretary is satisfied that there is no longer any such
failure to comply, shall—
(1) terminate payments to the recipient under
this title;
(2) reduce payments to the recipient under this
title by an amount equal to the amount of such pay-
ments which were not expended in accordance with
this title; or
(3) limit the availability of payments under this
title to programs, projects, or activities not affected
by such failure to comply.
(b) REFERRAL TO ATTORNEY GENERAL.—
(1) AUTHORITY.—In lieu of, or in addition to,
any action authorized by subsection (a), the Sec-
retary may, if the Secretary has reason to believe
that a recipient has failed to comply substantially
with any provision of this title, refer the matter to
the Attorney General of the United States with a
recommendation that an appropriate civil action be
instituted.
(2) CIVIL ACTION.—Upon such a referral the
Attorney General may bring a civil action in any
United States district court having venue thereof for
such relief as may be appropriate, including an ac-
tion to recover the amount of the assistance fur-
nished under this title which was not expended in
accordance with it, or for mandatory or injunctive
relief.
(c) REVIEW.—
(1) RIGHT OF GRANTEE.—Any recipient that
receives notice under subsection (a) of the termi-
nation, reduction, or limitation of payments under
this title may, within 60 days after receiving such
notice, file with the United States Court of Appeals
for the circuit in which such State is located, or in
the United States Court of Appeals for the District
of Columbia, a petition for review of the Secretary’s
action. The petitioner shall forthwith transmit copies
of the petition to the Secretary and the Attorney
General of the United States, who shall represent
the Secretary in the litigation.
(2) FILING OF RECORD.—The Secretary shall
file in the court record of the proceeding on which
the Secretary based the action, as provided in sec-
tion 2112 of title 28, United States Code. No objec-
tion to the action of the Secretary shall be consid-
ered by the court unless such objection has been
urged before the Secretary.
(3) JURISDICTION.—The court shall have juris-
diction to affirm or modify the action of the Sec-
retary or to set it aside in whole or in part. The
findings of fact by the Secretary, if supported by
substantial evidence on the record considered as a
whole, shall be conclusive. The court may order addi-
tional evidence to be taken by the Secretary, and to
be made part of the record. The Secretary may mod-
ify the findings of fact by the Secretary, or make
new findings, by reason of the new evidence so taken
and filed with the court, and the Secretary shall also
file such modified or new findings, which findings
with respect to questions of fact shall be conclusive
if supported by substantial evidence on the record
considered as a whole. The Secretary shall also file
a recommendation, if any, for the modification or
setting aside of the original action of the Secretary.
(4) EFFECT OF JUDGMENT.—Upon the filing of
the record with the court, the jurisdiction of the
court shall be exclusive and its judgment shall be
final, except that such judgment shall be subject to
review by the Supreme Court of the United States
upon writ of certiorari or certification as provided in
section 1254 of title 28, United States Code.
SEC. 110. CONSULTATION.
In carrying out the provisions of this title, including
the issuance of regulations, the Secretary shall consult
with other Federal departments and agencies administer-
ing Federal grant-in-aid programs.
SEC. 111. INTERSTATE AGREEMENTS.
The consent of the Congress is hereby given to any
2 or more States to enter into agreements or compacts,
not in conflict with any law of the United States, for coop-
erative efforts and mutual assistance in support of com-
munity development planning and programs carried out
under this title as they pertain to interstate areas and to
localities within such States, and to establish such agen-
cies, joint or otherwise, as they may deem desirable for
making such agreements and compacts effective.
SEC. 112. REGULATIONS.
The Secretary shall issue any regulations necessary
to carry out this title not later than the expiration of 45-
day period beginning on the date of the enactment of this
Act and such regulations shall take effect upon issuance.
Not later than the expiration of the 30-day period begin-
ning on the date of the enactment of this Act, the Sec-
retary shall submit a copy of any regulations to be issued
under this section to the Congress. The requirements of
section 7(o)(7) of the Department of Housing and Urban
Development Act shall apply to any such regulations, but
such regulations shall not be subject to the requirements
of subsections (b) and (c) of section 553 of title 5, United
States Code.
TITLE II—HOMEOWNERSHIP
ASSISTANCE
SEC. 
201. 
NATIONAL 
HOMEOWNERSHIP 
TRUST 
DEM-
ONSTRATION.
(a) AUTHORIZATION OF APPROPRIATIONS.—To pro-
vide assistance necessary because of extreme recessionary
economic conditions, there is authorized to be appro-
priated for fiscal year 1993, in addition to any amounts
authorized under section 308 of the Cranston-Gonzalez
National Affordable Housing Act (42 U.S.C. 12857),
$500,000,000 to carry out subtitle A of title III of such
Act, which amounts shall remain available until expended.
(b) REGULATIONS.—The Board of Directors of the
National Homeownership Trust shall issue any regulations
necessary to carry out subtitle A of title III of the Cran-
ston-Gonzalez National Affordable Housing Act not later
than the expiration of the 45-day period beginning on the
date of the enactment of this Act. Not later than the expi-
ration of the 30-day period beginning on the date of the
enactment of this Act, the Board of Directors shall submit
a copy of any regulations to be issued under this sub-
section to the Congress. Such regulations shall not be sub-
ject to the requirements of subsections (b) and (c) of sec-
tion 553 of title 5, United States Code.
TITLE III—RURAL HOUSING
ASSISTANCE
SEC. 301. SECTION 502 RURAL HOUSING LOANS.
(a) LOAN AUTHORITY.—
(1) IN GENERAL.—To provide assistance nec-
essary because of extreme recessionary economic
conditions, the credit authority available under sec-
tion 513(a)(1)(A) of the Housing Act of 1949 for in-
sured or guaranteed loans under section 502 of such
Act on behalf of low-income borrowers receiving as-
sistance under section 521(a)(1) of such Act is au-
thorized to be increased by $2,650,000,000 during
fiscal year 1993, except that the credit authority
made available under this subsection may not be
used for guaranteed loans under section 502(h) of
such Act.
(2) AUTHORIZATION OF APPROPRIATIONS FOR
CREDIT COSTS.—There is authorized to be appro-
priated $498,200,000 to cover the costs (as such
term is defined in section 502 of the Congressional
Budget Act of 1974) of loan obligations entered into
pursuant to paragraph (1).
(b) AUTHORIZATION OF APPROPRIATIONS FOR SUP-
PLEMENTAL GRANTS FOR HOUSING IN REMOTE RURAL
AREAS.—To provide assistance necessary because of ex-
treme recessionary economic conditions, there is author-
ized to be appropriated for fiscal year 1993, in addition
to any amounts authorized under section 513(b)(1) of the
Housing Act of 1949, $1,000,000 for grants under section
502(f)(1) of such Act.
SEC. 302. SECTION 504 HOUSING IMPROVEMENT LOANS
AND GRANTS.
(a) LOAN AUTHORITY.—
(1) IN GENERAL.—To provide assistance nec-
essary because of extreme recessionary economic
conditions, the credit authority available under sec-
tion 513(a)(1)(C) of the Housing Act of 1949 for
loans under section 504 of such Act is authorized to
be increased by $12,500,000 during fiscal year
1993.
(2) AUTHORIZATION OF APPROPRIATIONS FOR
CREDIT COSTS.—There is authorized to be appro-
priated $5,420,000 to cover the costs (as such term
is defined in section 502 of the Congressional Budg-
et Act of 1974) of loan obligations entered into pur-
suant to paragraph (1).
(b) AUTHORIZATION
OF
APPROPRIATIONS
FOR
GRANTS.—To provide assistance necessary because of ex-
treme recessionary economic conditions, there is author-
ized to be appropriated for fiscal year 1993, in addition
to any amounts authorized under section 513(b)(2) of the
Housing Act of 1949, $12,500,000 for grants under sec-
tion 504 of such Act.
SEC. 303. SECTION 515 RENTAL HOUSING LOANS.
(a) IN GENERAL.—To provide assistance necessary
because of extreme recessionary economic conditions, the
credit authority available under section 513(a)(1)(E) of
the Housing Act of 1949 for insured loans under section
515 of such Act is authorized to be increased by
$1,700,000,000 during fiscal year 1993.
(b) AUTHORIZATION OF APPROPRIATIONS FOR CRED-
IT
COSTS.—There is authorized to be appropriated
$877,200,000 to cover the costs (as such term is defined
in section 502 of the Congressional Budget Act of 1974)
of loan obligations entered into pursuant to subsection (a).
SEC. 304. HOUSING FOR RURAL HOMELESS AND MIGRANT
FARMWORKERS.
To provide assistance necessary because of extreme
recessionary economic conditions, the budget authority
available under section 513(b)(7)(B) of the Housing Act
of 1949 for financial assistance under section 516(k) of
such Act for housing for rural homeless and migrant farm-
workers is authorized to be increased by $10,000,000 dur-
ing fiscal year 1993.
SEC. 305. RENTAL ASSISTANCE PAYMENT CONTRACTS.
To provide assistance necessary because of extreme
recessionary economic conditions, the budget authority
available under section 513(c)(1) of the Housing Act of
1949 for rental assistance payment contracts under sec-
tion 521(a)(2)(A) of such Act is authorized to be increased
by $500,000,000 during fiscal year 1993.
Æ
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