PUBLIC LAW 94-378—AUG. 9, 1976
90 STAT. 1095
Public Law 94-378 94th 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, 1977, 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 following sums 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, 1977, and for other purposes, namely:
?'—2 [H.R. 14233]
Department of Housing and Urban Development—Independent Agencies Appropriation Act, 1977.
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT H O U S I N G PROGRAMS ANNUAL CONTRIBUTIONS FOR ASSISTED HOUSING
The additional 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), entered into after September 30, 1976, shall not exceed $675,000,000 including not more than $35,000,000 for the modernization of existing low-income housing projects, which amounts shall be in addition to balances of authorization heretofore made available for such contracts: Provided, That the total new budget authority obligated under such contracts entered into after September 30, 1976, shall not exceed $14,870,400,000, which amount shall not include budget authority obligated under balances of authorization heretofore made available: Provided further, That of the total herein provided, excluding funds for modernization, not more than $120,000,000 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 other than under section 8 of the above Act: Provided further, That of the amount set forth in the second proviso, not more than $85,000,000 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.
42 USC 1437f.
HOUSING rOR THE ELDERLY OR HANDICAPPED
The limitation on the aggregate loans that may be made under section 202 of the Housing Act of 1959, as amended, from the fund 12 USC 1701q. authorized by subsection (a)(4) of such section, is hereby established for the fiscal year 1977 at $750,000,000 in accordance with paragraph (C) of such subsection, which funds shall be available only to qualified nonprofit sponsors for the purpose of providing 100 per centum loans for the development of housing for the elderly or handicapped, with