Home > 104th Congressional Public Laws > Pub.L. 104-121 To provide for enactment of the Senior Citizens' Right to Work Act of 1996, the Line Item Veto Act, and the Small Business Growth and Fairness Act of 1996, and to provide for a permanent increase in the public debt limit. <Pub.L. 104-121 To provide for enactment of the Senior Citizens' Right to Work Act of 1996, the Line Item Veto Act, and the Small Business Growth and Fairness Act of 1996, and to provide for a permanent increase in the public debt limit. <
(2) provide for the organization or consortia to develop a
specific and reasonable number of dwellings using the grant
amounts, which number shall be established taking into
consideration costs and economic conditions in the areas in
which the dwellings will be developed, but in no case shall be
less than 30;
(3) require the organization or consortia to use the grant
amounts in a manner that leverages other sources of funding
(other than grants under this section), including private or
public funds, in developing the dwellings;
(4) require the organization or consortia to comply with the
other provisions of this section;
(5) provide that if the organization or consortia has not
used any grant amounts within 24 months after such amounts are
first disbursed to the organization or consortia, the Secretary
shall recapture such unused amounts; and
(6) contain such other terms as the Secretary may require to
provide for compliance with subsection (b) and the requirements
of this section.
[[Page 110 STAT. 844]]
(j) Fulfillment of Grant Agreement.--If the Secretary determines
that an organization or consortia awarded a grant under this section has
not, within 24 months after grant amounts are first made available to
the organization or consortia, substantially fulfilled the obligations
under the grant agreement, including development of the appropriate
number of dwellings under the agreement, the Secretary shall use any
such undisbursed amounts remaining from such grant for other grants in
accordance with this section.
(k) Records and Audits.--During the period beginning upon the making
of a grant under this section and ending upon close-out of the grant
under subsection (l)--
(1) the organization awarded the grant under subsection
(a)(1) or (a)(2) shall keep such records and adopt such
administrative practices as the Secretary may require to ensure
compliance with the provisions of this section and the grant
agreement; and
(2) the Secretary and the Comptroller General of the United
States, and any of their duly authorized representatives, shall
have access for the purpose of audit and examination to any
books, documents, papers, and records of the grantee
organization or consortia and its affiliates that are pertinent
to the grant made under this section.
(l) Close-Out.--The Secretary shall close out a grant made under
this section upon determining that the aggregate amount of any
assistance provided from the fund established under subsection (e)(1) by
the grantee organization or consortium exceeds the amount of the grant.
For purposes of this paragraph, any interest, fees, and other earnings
of the fund shall be excluded from the amount of the grant.
(m) Environmental Review.--A grant under this section shall be
considered to be funds for a special project for purposes of section
305(c) of the Multifamily Housing Property Disposition Reform Act of
1994.
(n) Report to Congress.--Not later than 90 days after close-out of
all grants under this section is completed, the Secretary shall submit a
report to the applicable Committees describing the grants made under
this section, the grantees, the housing developed in connection with the
grant amounts, and the purposes for which the grant amounts were used.
(o) Definitions.--For purposes of this section, the following
definitions shall apply:
(1) Applicable committees.--The term ``applicable
Committees'' means the Committee on Banking and Financial
Services of the House of Representatives and the Committee on
Banking, Housing, and Urban Affairs of the Senate.
(2) Secretary.--The term ``Secretary'' means the Secretary
of Housing and Urban Development.
(3) United states.--The term ``United States'' includes the
States of the United States, the District of Columbia, the
Commonwealth of Puerto Rico, the Commonwealth of the Northern
Mariana Islands, Guam, the Virgin Islands, American Samoa, and
any other territory or possession of the United States.
(p) <<NOTE: Federal Register, publication.>> Regulations.--The
Secretary shall issue any final regulations necessary to carry out this
section not later than 30 days after the date of the enactment of this
Act. The regulations shall
[[Page 110 STAT. 845]]
take effect upon issuance and may not exceed, in length, 5 full pages in
the Federal Register.
SEC. 12. FUNDING FOR SELF-HELP HOUSING ASSISTANCE, NATIONAL CITIES
IN SCHOOLS COMMUNITY DEVELOPMENT PROGRAM,
AND CAPACITY BUILDING THROUGH NATIONAL
COMMUNITY DEVELOPMENT INITIATIVE.
(a) Authority to Use Assisted Housing Amounts.--To the extent and
for the purposes specified in subsection (b), the Secretary of Housing
and Urban Development may use amounts in the account of the Department
of Housing and Urban Development known as the Annual Contributions for
Assisted Housing account, but only such amounts which--
(1) have been appropriated for a fiscal year that occurs
before the fiscal year for which the Secretary uses the amounts;
and
(2) have been obligated before becoming available for use
under this section.
(b) Fiscal Year 1996.--Of the amounts described in subsection (a),
$60,000,000 shall be available to the Secretary of Housing and Urban
Development for fiscal year 1996 in the following amounts for the
following purposes:
(1) Self-help housing assistance.--$40,000,000 for carrying
out section 11 of this Act.
(2) National cities in schools community development
program.--$10,000,000 for carrying out section 930 of the
Housing and Community Development Act of 1992 (Public Law 102-
550; 106 Stat. 3887).
(3) Capacity building through national community development
initiative.--$10,000,000 for carrying out section 4 of the HUD
Demonstration Act of 1993 (42 U.S.C. 9816 note).
SEC. 13. <<NOTE: 42 USC 1437d note.>> APPLICABILITY AND IMPLEMENTATION.
(a) Applicability.--This Act and the amendments made by this Act
shall be construed to have become effective on October 1, 1995.
[[Page 110 STAT. 846]]
(b) Implementation.--The amendments made by sections 9 and 10 shall
apply as provided in subsection (a) of this section, notwithstanding the
effective date of any regulations issued by the Secretary of Housing and
Urban Development to implement such amendments or any failure by the
Secretary to issue any such regulations.
Approved March 28, 1996.
LEGISLATIVE HISTORY--S. 1494:
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CONGRESSIONAL RECORD, Vol. 142 (1996):
Jan. 24, considered and passed Senate.
Feb. 27, considered and passed House, amended.
Mar. 12, Senate concurred in House amendment.
WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 32 (1996):
Mar. 28, Presidential remarks.
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