Page:United States Statutes at Large Volume 104 Part 2.djvu/431

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PUBLIC LAW 101-508 —NOV. 5, 1990 104 STAT. 1388-23 of enactment of this subparagraph and not be subject to the requirement of prior issuance of regulations in the Federal Register. The Secretary shall issue regulations implementing this section within 6 months of the enactment of this subparagraph. "(vii) Nothing in this subparagraph shall diminish or impair the low income use restrictions applicable to the project under the original regulatory agreement or the revised agreement entered into pursuant to the Emergency Low Income Housing Preservation Act of 1987 or subsequent Act, if any, or other agreements for the provision of Federal assistance to the housing or its tenants. "(viii) This subparagraph shall not apply after September 30, 1995. Not later than January 31 of each year (beginning in 1992), the Secretary shall submit to the Congress a report including statements of the number of mortgages auctioned and sold and their value, the amount of subsidies committed to the program under this subparagraph, the ability of the Secretary to coordinate the program with the incentives provided under the Emergency Low Income Housing Preservation Act of 1987 or subsequent Act, and the costs and benefits derived from the program for the Federal Government.". Subtitle D—Crime and Flood Insurance Programs SEC. 2301. CRIME INSURANCE PROGRAM. (a) EXTENSION OF GENERAL AUTHORITY.— Section 1201(b) of the National Housing Act (12 U.S.C. 1749bbb(b)) is amended by striking "September 30, 1991" in the matter preceding paragraph (1) and inserting "September 30, 1995". (b) CONTINUATION OF EXISTING CONTRACTS. — Section 1201(b)(1) of the National Housing Act (12 U.S.C. 1749bbb(b)(l)) is amended by striking "September 30, 1992" and inserting "September 30, 1996". (c) EXTENSION OF LIMITATION ON PREMIUMS. — Section 542(c) of the Housing and Community Development Act of 1987 (12 U.S.C. 1749bbb-10c note) is amended by striking "September 30, 1991" and inserting "September 30, 1995". SEC. 2302. FLOOD INSURANCE PROGRAM. (a) EXTENSION OF GENERAL AUTHORITY.—Section 1319 of the National Flood Insurance Act of 1968 (42 U.S.C. 4026) is amended by striking "September 30, 1991" and inserting "September 30, 1995". (b) EXTENSION OF EMERGENCY PROGRAM.— Section 1336(a) of the National Flood Insurance Act of 1968 (42 U.S.C. 4056(a)) is amended by striking "September 30, 1991" and inserting "September 30, 1995". (c) EXTENSION OF LIMITATION ON PREMIUMS.— Section 541(d) of the Housing and Community Development Act of 1987 (42 U.S.C. 4015 note) is amended by striking "September 30, 1991" and inserting "September 30, 1995". (d) EXTENSION OF EROSION PROVISIONS.— Section 1306(c)(7) of the National Flood Insurance Act of 1968 (42 U.S.C. 4013(c)(7)) is