PUBLIC LAW 95-119—OCT. 4, 1977
91 STAT. 1073
Public Law 95-119 95th Congress An Act Making appropriations for the Department of Housing and Urban Development, and for sundry independent executive agencies, boards, bureaus, commissions, corporations, and offices for the fiscal year ending September 30, 1978, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the followingsums are appropriated, out of any money in the Treasury not otherwise appropriated, for the Department of Housing and Urban Development, and for sundry independent executive agencies, boards, bureaus, commissions, corporations, and offices for the fiscal year ending September 30, 1978, and for other purposes, namely:
Oct. 4, 1977 [H.R. 7554]
Department of Housing and Urban Development— Independent Agencies Appropriation Act, 1978.
TITLE I
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT HOUSING PROGRAMS ANNUAL CONTRIBUTIONS FOR ASSISTED HOUSING
The amount of contracts for annual contributions, not otherwise provided for, as authorized by section 5 of the United States Housing Act of 1937, as amended (42 U.S.C. 1437c), and heretofore approved in annual appropriations acts, is increased by $1,159,995,000 of which not more than $42,500,000 shall be for the modernization of existing low-income housing projects: Provided, That budget authority obligated under such contracts shall be increased above amounts heretofore provided in annual appropriations acts bj'^ $31,483,563,000: Provided further, That of the total herein provided, excluding funds for modernization, not less than $206,250,000 shall be used only for contracts for annual contributions to assist in financing the development or acquisition of low-income housing projects to be owned by public housing agencies and shall be used only for projects on which construction or substantial rehabilitation is commenced after the effective date of this Act, except in the case of amendments to existing contracts: Provided further. That of the amount set forth in the second proviso, not less than 15 per centum shall be used only with respect to new construction in non-metropolitan areas: Provided further. That not more than $82,000,000 shall be used only for contracts in excess of 30 years with State housing finance or development agencies as defined in section 802(b)(2)(A) of the Housing and Community Development Act of 1974: Provided 42 USC 1440. further, That any balances of authorities remaining at the end of fiscal year 1977 shall be added to and merged with the authority provided herein and made subject only to terms and conditions of law applicable to authorizations becoming available in fiscal year 1978 except that unutilized balances of set-asides contained in previous appropriations
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