PUBLIC LAW 103-124 —OCT. 28, 1993 107 STAT. 1287 FLEXIBLE SUBSIDY FUND For assistance to owners of eligible multifamily housing projects insured, or formerly insured, and under the National Housing Act, as amended, or which are otherwise eligible for assistance under section 201(c) of the Housing and Community Development Amendments of 1978, as amended (12 U.S.C. 1715z-la), in the program of assistance for troubled multifamily housing projects under the Housing and Community Development Amendments of 1978, as amended, $35,747,000, and all uncommitted balances of excess rental charges as of September 30, 1993, and any collections and other amounts in the fund authorized under section 201(j) of the Housing and Community Development Amendments of 1978, as amended, during fiscal year 1994, to remain available until expended: Provided, That assistance to an owner of a multifamily housing project assisted, but not insured, under the National Housing Act may be made if the project owner and the mortgagee have provided or agreed to provide assistance to the project in a manner as determined by the Secretary of Housing and Urban Development. FEDERAL HOUSING ADMINISTRATION FHA-MUTUAL MORTGAGE INSURANCE PROGRAM ACCOUNT (INCLUDING TRANSFERS OF FUNDS) During fiscal year 1994, commitments to guarantee loans to carry out the purposes of section 203(b) of the National Housing Act, as amended, shall not exceed a loan principal of $64,564,645,000. For administrative expenses necessary to carry out the guaranteed loan program, $262,810,000, to be derived from the FHA- mutual mortgage insurance guaranteed loans receipt account, of which not to exceed $256,682,000 shall be transferred to the appropriation for salaries and expenses; and of which not to exceed $6,128,000 shall be transferred to the appropriation for the Office of Inspector General. FHA—GENERAL AND SPECIAL RISK PROGRAM ACCOUNT (INCLUDING TRANSFERS OF FUNDS) For the cost of guaranteed loans, $147,371,000, as authorized by the National Housing Act, as amended (12 U.S.C. 1715z-3(b) and 1735c(f)): Provided, That such costs, including the cost of modifying such loans, shall be as defined in section 502 of the Congressional Budget Act of 1974: Provided further. That these funds are available to subsidize total loan principal any part of which is to be guaranteed of not to exceed $13,436,205,000: Provided further. That of the foregoing amount provided to subsidize program costs, not more than $36,842,750 may be obligated by January 1, 1994, not more than $73,685,500 may be obligated by April 1, 1994, and not more than $110,528,250 may be obhgated by July 1, 1994. In addition, for administrative expenses necessary to carry out the guaranteed loan programs, $192,252,000, of which $188,190,000 shall be transferred to the appropriation for salaries
�
