Page:United States Statutes at Large Volume 97.djvu/1209

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PUBLIC LAW 98-181—NOV. 30, 1983 97 STAT. 1177 "(iv) not to exceed $2,217,150,000 for assistance under section 8(b)(l); "(v) not to exceed $540,000,000 for assistance under section 8(e)(5); "(vi) not to exceed $242,115,000 for assistance under section 8(0); "(vii) not to exceed $150,000,000 for assistance under section 17 with respect to rental rehabilitation; "(viii) not to exceed $200,000,000 with respect to rental devel- opment under section 17; and "(ix) not to exceed $1,603,170,000 for additional assistance under section 8. "(B) Using the additional budget authority provided under para- graph (6) and the balances of budget authority which become available during fiscal year 1985, to the extent approved in appropri- ations Acts, the Secretary may reserve authority to enter into obligations aggregating— "(i) not to exceed such sums as may be approved in an appropriation Act for public housing, of which not to exceed such sums as may be approved in an appropriation Act shall be available for Indian housing; "(ii) not to exceed such sums as may be approved in an appropriation Act for assistance under section 8 in connection with projects developed under section 202 of the Housing Act of 1959; "(iii) not to exceed such sums as may be approved in an appropriation Act for comprehensive improvement assistance under section 14; "(iv) not to exceed such sums as may be approved in an appropriation Act for assistance under section 8(b)(l); '(v) not to exceed such sums as may be approved in an appropriation Act for assistance under section 8(e)(5); '(vi) not to exceed such sums as may be approved in an appropriation Act for assistance under section 8(o); (vii) not to exceed $150,000,000 for assistance under section 17 with respect to rental rehabilitation; "(viii) not to exceed $115,000,000 with respect to rental devel- opment under section 17; and "(ix) not to exceed such sums as may be approved in an appropriation Act for additional assistance under section 8. "(C) The specific authorities under this paragraph are subject to such adjustments as may be made under paragraph (5).". (c) Section 6 of such Act is amended by adding at the end thereof the following: "(h) On or after October 1, 1983, the Secretary may enter into a contract involving new construction only if the public housing agency demonstrates to the satisfaction of the Secretary that the cost of new construction is less than the cost of acquisition or acquisition and rehabilitation, including any reserve fund under subsection (i), would be. "(i) The Secretary may, upon application by a public housing agency in connection with the acquisition of housing for usc as public housing, establish and set aside a reserve fund in an amount not to exceed 30 per centum of the acquisition cost which shall be available for usc for major repairs to such housing. "(j) On or after October 1, 1983, in entering into commitments for the development of public housing, the Secretary shall give a prior- 42 USC 1437f. Post, p. 1183. Post, p. 1181. Post, p. 1196. 42 USC 1437f. 12 USC 1701q. 42 USC 1437Z. 42 USC 1437f. Post, p. 1183. Post, p. 1181. Post, p. 1196. 42 USC 1437f. 42 USC 1437d. contract. eosts. Reserve fund. Large-family housing.