A joint resolution to provide for the temporary extension of certain insurance programs relating to housing and community development, and for other purposes.
PL 98-35 (H.J.Res.265), enacted 05/26/1983

PUBLIC LAW 98-35—MAY 26, 1983 
97 STAT. 197 
Public Law 98-35 
98th Congress 
Joint Resolution 
To provide for the temporary extension of certain insurance programs relating to 
housing and community development, and for other purposes. 
Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled, 
EXTENSION OF FEDERAL HOUSING ADMINISTRATION MORTGAGE 
INSURANCE PROGRAMS 
SECTION 1. (a) Section 2(a) of the National Housing Act is amended 
by striking out "Mav 21, 1983" in the first sentence and inserting in 
Heu thereof "October 1,1983". 
(b) Section 217 of such Act is amended by striking out "May 20, 
1983" and inserting in lieu thereof "September 30,1983". 
(c) Section 221(f) of such Act is amended by striking out "May 20, 
1983" in the fifth sentence and inserting in lieu thereof "Septem-
ber 30, 1983". 
(d) Section 235 of such Act is amended— 
(1) in subsection (m), by striking out "May 20, 1983" and 
inserting in lieu thereof "September 30,1983"; and 
(2) in subsection (q)(l), by striking out "May 20, 1983" and 
inserting in lieu thereof "September 30, 1983". 
(e) Section 236(n) of such Act is amended by striking out "May 20, 
1983" and inserting in lieu thereof "September 30,1983". 
(f) Section 244(d) of such Act is amended— 
(1) by striking out "May 20, 1983" in the first sentence and 
inserting in lieu thereof "September 30,1983"; and 
(2) by striking out "May 21, 1983" in the second sentence and 
inserting in lieu thereof "October 1,1983". 
(g) Section 245(a) of such Act is amended by striking out "May 20, 
1983" and inserting in lieu thereof "September 30,1983". 
(h) Section 809(f) of such Act is amended by striking out "May 20, 
1983" in the second sentence and inserting in lieu thereof "Septem-
ber 30, 1983". 
(i) Section 810(k) of such Act is amended by striking out "May 20, 
1983" in the second sentence and inserting in lieu thereof "Septem-
ber 30,1983". 
(j) Section 1002(a) of such Act is amended by striking out "May 20, 
1983" and inserting in lieu thereof "September 30,1983". 
(k) Section 1101(a) of such Act is amended by striking out 
"May 20, 1983" in the second sentence and inserting in lieu thereof 
"September 30,1983". 
May 26, 1983 
[H.J. Res. 265] 
Housing and 
community 
development, 
extension of 
insurance 
programs. 
96 Stat. 1230. 
12 u s e 1703. 
96 Stat. 1230. 
12 u s e 1715h. 
96 Stat. 1230. 
12 u s e 1715/. 
96 Stat. 1230. 
12 u s e 1715Z. 
96 Stat. 1230. 
12 u s e 1715Z-1. 
96 Stat. 1230. 
12 u s e 1715Z-9. 
96 Stat. 1230. 
12USei715z-10. 
96 Stat. 1230. 
12 u s e 1748h-l. 
96 Stat. 1230. 
12 u s e 1748h-2. 
96 Stat. 1230. 
12 u s e 1749bb. 
96 Stat. 1230. 
12 u s e 1749aaa. 
EXTENSION OF FLEXIBLE INTEREST RATE AUTHORITY 
SEC. 2. Section 3(a)(1) of the Act entitled "An Act to amend 
chapter 37 of title 38 of the United States Code with respect to the 
veterans' home loan program, to amend the National Housing Act 
with respect to interest rates on insured mortgages, and for other 
38 u s e 1801 et 
seq. 
97 STAT. 198 
PUBLIC LAW 98-35—MAY 26, 1983 
96 Stat. 1231. 
purposcs", approved May 7, 1968 (12 U.S.C. 1709-1(1)), is amended 
by striking out "May 21, 1983" and inserting in lieu thereof "Octo-
ber 1,1983". 
96 
Stat. 1231. 
42 
use 
1485. 
96 
Stat. 1231. 
42 
use 1487. 
96 
Stat. 1231. 
42 
use 
1490c. 
EXTENSION OF RURAL HOUSING AUTHORITIES 
SEC. 3. (a) Section 515(b)(5) of the Housing Act of 1949 is amended 
by striking out "May 20, 1983" and inserting in lieu thereof "Sep-
tember 30,1983". 
(b) Section 517(a)(1) of such Act is amended by striking out 
"May 20, 1983" and inserting in lieu thereof "September 30, 1983". 
(c) Section 523(f) of such Act is amended by striking out "May 20, 
1983" each place it appears and inserting in lieu thereof "September 
30,1983". 
96 Stat. 1231. 
42 u s e 4026. 
96 Stat. 1231. 
42 u s e 4056. 
96 Stat. 1231. 
12 u s e 1749bbb. 
EXTENSION OF FLOOD, CRIME, AND RIOT INSURANCE PROGRAMS 
SEC. 4. (a) Section 1319 of the National Flood Insurance Act of 
1968 is amended by striking out "May 20,1983" and inserting in lieu 
thereof "September 30,1983". 
(b) Section 1336(a) of such Act is amended by striking out "May 20, 
1983" and inserting in lieu thereof "September 30,1983". 
(c) Section 1201(b)(1) of the National Housing Act is amended by 
striking out "May 20, 1983" and inserting in lieu thereof "Septem-
ber 30,1983". 
96 
Stat. 1232. 
12 
use 
1455. 
EXEMPTION OF CERTAIN FEDERAL HOME LOAN MORTGAGE CORPORATION 
SECURITIES FROM SECURITIES REGULATIONS 
SEC. 5. Section 306 of the Federal Home Loan Mortgage Corpora-
tion Act is amended by adding at the end thereof the following new 
subsection: 
"(g) All securities issued or guaranteed by the Corporation (other 
than securities guaranteed by the Corporation that are backed by 
mortgages not purchased by the Corporation) shall, to the same 
extent as securities that are direct obligations of or obligations 
guaranteed as to principal or interest by the United States, be 
deemed to be exempt securities within the meaning of the laws 
administered by the Securities and Exchange Commission.". 
EXTENSION OF EXPERIMENTAL HOUSING ALLOWANCE SUPPLY PROGRAM 
SEC. 6. (a) Section 504(b) of the Housing and Urban Development 
i2Usei70iz-3. 
Act of 1970 is amended— 
(1) by inserting "(1)" after "(b)"; and 
(2) by adding at the end thereof the following new paragraph: 
"(2) Notwithstanding the provisions of paragraph (1), the Secre-
tary shall, to the extent approved in appropriation Acts, extend the 
annual contributions contracts for the experimental housing allow-
ance supply program through September 30, 1989, on the same 
terms and conditions as the original contracts, for the sole purpose 
of providing assistance for homeowners participating in such pro-
gram on June 1, 1983. In extending such contracts, the Secretary 
PUBLIC LAW 98-35—MAY 26, 1983 
97 STAT. 199 
may, to the extent approved in appropriation Acts, use authority 
available under section 5(c) of the United States Housing Act of 
1937.". 
42 u s e 1437c. 
(b) The amendments made by this section shall become effective Effective date. 
on October 1,1983. 
^
^ us^ i^«i-3 
Approved May 26, 1988. 
LEGISLATIVE HISTORY—H.J. Res. 265: 
CONGRESSIONAL RECORD, Vol. 129 (1983): 
May 17, considered and passed House. 
May 20, considered and passed Senate, amended. 
May 24, House concurred in Senate amendment with an amendment; Senate 
concurred in House amendment.