PUBLIC LAW 99-514—OCT. 22, 1986
100 STAT. 2693
developer regarding the conveyance of land for such project, and (ii) such project is located in the same State as the projects described in subparagraphs (E), (F), (G), and (H). The aggregate face amount of bonds to which this subparagraph applies shall not exceed an amount which, together with the amounts allowed under subparagraphs (E), (F), (G), and (H), does not exceed $250,000,000. (J) A residential rental property project is described in this subparagraph if it is a multifamily residential development located in Arrowhead Springs, within the county of San Bernardino, California, and a portion of the site of which currently is owned by the Campus Crusade for Christ. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $350,000,000. (K) A residential rental property project is described in this subparagraph if— (i) it is a new residential development with approximately 309 dwelling units located in census tract No. 3202, and (ii) there was an inducement ordinance for such project adopted by a city council on November 20, 1985. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $32,000,000. (L) A residential rental property project is described in this subparagraph if— (i) it is a new residential development with approximately 70 dwelling units located in census tract No. 3901, and (ii) there was an inducement ordinance for such project adopted by a city council on August 14, 1984. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $4,000,000. (M) A residential rental property project is described in this subparagraph if— (i) it is a new residential development with approximately 98 dwelling units located in census tract No. 4701, and (ii) there was an inducement ordinance for such project adopted by a city council on August 14, 1984. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $7,000,000. (N) A project or projects are described in this subparagraph if they are part of the Willow Road residential improvement plan in Menlo Park, California. The aggregate face amount of obligations to which this subparagraph applies shall not exceed $9,000,000. (O) A residential rental property project is described in this subparagraph if— (i) an inducement resolution for such project was approved on July 18, 1985, by the city council, (ii) such project was approved by such council on August 11, 1986, and (iii) such project consists of approximately 22 duplexes to be used for housing qualified low and moderate income tenants.
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