109 STAT. 234 PUBLIC LAW 104-19^JULY 27, 1995 ASSISTANCE FOR THE RENEWAL OF EXPIRING SECTION 8 SUBSIDY CONTRACTS « (RESCISSION) Of the funds made available under this heading in Public Law 103-327, and in prior years, $1,177,000,000 are rescinded: Provided, That renewals of expiring section 8 contracts with funds provided under this heading in Public Law 103-327, and in prior years, may be for a term of two years. In renewing an annual contributions contract with a public housing agency administering the tenant-based existing housing certificate program (42 U.S.C. 1437f) or the housing voucher program under section 8(o) (42 U.S.C. 1437f(o)) of the United States Housing Act of 1937, as amended, the Secretary shall take into account the amount in the project reserve under the contract being renewed in determining the amount of budget authority to obligate under the renewed contract (the total amount available in all such project reserves is estimated to be $427,000,000) and the Secretary may determine not to apply section 8(o)(6)(B) of the Act to renewals of housing vouchers during the remainder of fiscal year 1995. CONGREGATE SERVICES (RESCISSION) Of the funds made available under this heading in Public Law 103-327 and any unobligated balances from funds appropriated under this heading in prior years, $37,000,000 are rescinded. YOUTHBUILD PROGRAM (RESCISSION) Of the funds made available under this heading in Public Law 103-327, $10,000,000 are rescinded. HOUSING COUNSELING ASSISTANCE (RESCISSION) Of the funds made available under this heading in Public Law 103-327, $38,000,000 are rescinded. FLEXIBLE SUBSIDY FUND (RESCISSION) Of the funds made available under this heading in Public Law 103-327 and any unobligated balances from funds appropriated under this heading in prior years, and excess rental charges, collections and other amounts in the fund, $8,000,000 are rescinded. NEHEMIAH HOUSING OPPORTUNITIES FUND (RESCISSION) Of the funds transferred to this revolving fund in prior years, $10,500,000 are rescinded.
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