PUBLIC LAW 96-526—DEC. 15, 1980
94 STAT. 3045
RENT SUPPLEMENT (RESCISSION)
The limitation otherwise applicable to the maximum payments that may be required in any fiscal year by all contracts entered into under section 101 of the Housing and Urban Development Act of 1965 (12 U.S.C. 1701s), is reduced in fiscal year 1981 by not more than $30,000,000 in uncommitted balances of authorizations provided for this purpose in Appropriation Acts. HOUSING PAYMENTS
For the payment of annual contributions, not otherwise provided for, in accordance with section 5 of the United States Housing Act of 1937, as amended (42 U.S.C. 1437c); for payments authorized by title IV of the Housing Act of 1950, as amended (12 U.S.C. 1749 et seq.); for rent supplement payments authorized by section 101 of the Housing and Urban Development Act of 1965, as amended (12 U.S.C. 1701s); and for payments as authorized by sections 235 and 236 of the National Housing Act, as amended (12 U.S.C. 1715z, 1715z-l), $7,127,000,000. HOUSING FOR THE ELDERLY OR HANDICAPPED F U N D
In 1981, $855,000,000 of gross loan commitments may be made under section 202 of the Housing Act of 1959, as amended (12 U.S.C. 1701q), utilizing collections and other resources of the fund authorized by subsection (a)(4) of such section, in accordance with paragraph (C) of such subsection, and up to $65,000,000 of additional gross 1981 loan commitments may be made from prior year commitments cancelled in 1981: Provided, That such commitments shall be available only to qualified nonprofit sponsors for the purpose of providing 100 per centum loans for the development of housing for the elderly or handicapped, with any cash equity or other financial commitments imposed as a condition of loan approval to be returned to the sponsor if sustaining occupancy is achieved in a reasonable period of time: Provided further. That the full amount shall be available for permanent financing (including construction financing) for housing projects for the elderly or handicapped: Provided further. That the Secretary may borrow from the Secretary of the Treasury in such amounts as are necessary to provide the loans authorized herein: Provided further. That, notwithstanding any other provision of law, the receipts and disbursements of the aforesaid fund shall be included in the totals of the Budget of the United States Government. PAYMENTS FOR OPERATION OF LOW-INCOME HOUSING PROJECTS
For payments to public housing agencies for operating subsidies for low-income housing projects as authorized by section 9 of the United States Housing Act of 1937, as amended (42 U.S.C. 1437g), $970,800,000. TROUBLED PROJECTS OPERATING SUBSIDY
For assistance payments to owners of eligible multifamily housing projects insured, or formerly insured, under the National Housing Act, as amended, in the program of operating subsidies for troubled multifamily housing projects under the Housing and Community
79-194
O—81—pt. 3
26: QL3
�
