PUBLIC LAW 104-204—SEPT. 26, 1996
110 STAT. 2895
SEC. 206. DEBT FORGIVENESS.— The Secretary of Housing and
Urban Development shall cancel the indebtedness of the Greene
County Rural Health Center relating to a loan received under
the Public Facility Loan program to establish the health center
(Loan #Mis-22 -PFL0096). The Greene County Rural Health Center
is hereby relieved of all liability to the Federal Government for
such loan and any fees and charges payable in connection with
such loan.
SEC. 207. FLEXIBLE SUBSIDY FUND. —From the fund established
by section 236(g) of the National Housing Act, as amended, all
uncommitted balances of excess rental charges as of September
30, 1996, and any collection during fiscal year 1997, shall be transferred, as authorized under such section, to the fund authorized
under section 201(j) of the Housing and Community Development
Amendments of 1978, as amended.
SEC. 208. RENTAL HOUSING ASSISTANCE.— The limitation otherwise applicable to the maximum payments that may be required
in any fiscal year by all contracts entered into under section 236
of the National Housing Act (12 U.S.C. 1715z-l) is reduced in
fiscal year 1997 by not more than $2,000,000 in uncommitted balances of authorizations provided for this purpose in appropriations
Acts.
SEC. 209. D.C. MODERNIZATION FUNDING. —Notwithstanding the
provisions of section 14(k)(5)(D) of the United States Housing Act
of 1937, the withheld modernization funds that became credited
in fiscal years 1993, 1994, and 1995, due to the troubled status
of the former Department of Public and Assisted Housing of the
District of Columbia, shall be made available without diminution
to its successor, the District of Columbia Housing Authority, at
such time between the effective date of this Act and the end of
fiscal year 1998 as the District of Columbia Housing Authority
is no longer deemed "mod-troubled" under section 6(j)(2)(A)(i) of
such Act; after fiscal year 1998, the District of Columbia Housing
Authority shall become subject to the provisions of section
14(k)(5)(D) of such Act should it remain mod-troubled.
SEC. 210. (a) FINANCING ADJUSTMENT FACTORS. —Fifty per centum of the amounts of budget authority, or in lieu thereof
50 per centum of the cash amounts associated with such budget
authority, that are recaptured from projects described in section
1012(a) of the Stewart B. McKinney Homeless Assistance Amendments Act of 1988 (Public Law 100-628, 102 Stat. 3224, 3268)
shall be rescinded, or in the case of cash, shall be remitted to
the Treasury, and such amounts of budget authority or cash recaptured and not rescinded or remitted to the Treasury shall be used
by State housing finance agencies or local governments or local
housing agencies with projects approved by the Secretary of Housing
and Urban Development for which settlement occurred after January 1, 1992, in accordance with such section.
(b) In addition to amounts otherwise provided by this Act,
$464,442 is appropriated to the Department of Housing and Urban
Development for payment to the Utah Housing Finance Agency,
in lieu of amounts lost to such agency in bond refinancings during
1994, for its use in accordance with subsection (a).
SEC. 211. SECTION 8 CONTRACT RENEWAL AUTHORITY.—(a) 42 USC i437f
DEFINITIONS. —For purposes of this section—
note.
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