Page:United States Statutes at Large Volume 110 Part 4.djvu/48

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110 STAT. 2894 PUBLIC LAW 104-204—SEPT. 26, 1996 (ii) such fair msirket rental for fiscal year 1994, but not more than 103.5 percent of the amount determined under clause (i). (C) The base amount shall be adjusted to reflect changes in the wage data or other objectively measurable data that reflect the costs of administering the program during fiscal year 1996; except that the Secretary may require that the base amount be not less than a minimum amount and not more than a maximum amount. Federal Register, (2) For subsequent fiscal years, the Secretary shall publish publication. a notice in the Federal Register, for each geographic area, establishing the amount of the fee that would apply for the agencies administering the program, based on changes in wage data or other objectively measurable data that reflect the cost of administering the program, as determined by the Secretary. (3) The Secretary may increase the fee if necessary to reflect higher costs of administering small programs and programs operating over large geographic areas. (4) The Secretary may decrease the fee for PHA-owned units. (b) Beginning in fiscal year 1997 and thereafter, the Secretary shall also establish reasonable fees (as determined by the Secretary) for— (1) the costs of preliminary expenses, in the amount of $500, for a public housing agency, but only in the first year it administers a tenant-based assistance program under the United States Housing Act of 1937 and only if, immediately before the effective date of this Act, it was not administering a tenant-based assistance program under the 1937 Act (as in effect immediately before the effective date of this Act), in connection with its initial increment of assistance received; (2) the costs incurred in assisting families who experience difficulty (as determined by the Secretary) in obtaining appropriate housing under the program; and (3) extraordinary costs approved by the Secretary. SEC. 203. SINGLE FAMILY ASSIGNMENT PROGRAM.— Section 407(c) of the Balanced Budget Downpayment Act, I (12 U.S.C. Ante, p. 46. 1710 note), is amended by striking "October 1, 1996" and inserting "October 1, 1997". 12 USC I7i5z- SEC. 204. FLEXIBLE AUTHORITY. — During fiscal year 1997 and lla. fiscal years thereafter, the Secretary may manage and dispose of multifamily properties owned by the Secretary and multifamily mortgages held by the Secretary on such terms and conditions as the Secretary may determine, notwithstanding any other provision of law. SEC. 205. USE OF AVAILABLE FUNDING FOR HOMEOWNERSHIP.— Up to $20,000,000 of amounts of unobligated balances that are or become available from the Nehemiah Housing Opportunity Grant program, repealed under section 289(b) of the Cranston-Gronzalez National Affordable Housing Act, Public Law 101-625, shall be available for use for activities relating to promotion and implementation of homeownership in targeted geographic areas, as determined by the Secretary. Any grant or assistance made under this section shall be made in accordsince with section 102 of the Department of Housing and Urban Development Reform Act of 1989 on a competitive basis.