
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC11405b]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                    CHAPTER 119--HOMELESS ASSISTANCE
 
                    SUBCHAPTER IV--HOUSING ASSISTANCE
 
                    Part F--Shelter Plus Care Program
 
              subpart iii--project-based rental assistance
 
Sec. 11405b. Term of contract and amount of assistance


(a) Term of contract

    Each contract with a recipient for assistance under this subpart 
shall be for a term of 5 years, and the owner shall have an option to 
renew the assistance for an additional 5-year term, subject to the 
availability of amounts provided in appropriation Acts; except that if 
an expenditure of at least $3,000 for each unit (including its prorated 
share of work on common areas or systems) is required to make the 
structure decent, safe, and sanitary, and the owner agrees to carry out 
the rehabilitation with resources other than assistance under this part 
within 12 months of notification of grant approval, the contract shall 
be for a term of 10 years.

(b) Amount of assistance

    Each contract shall provide that the recipient shall receive 
aggregate amounts not to exceed the appropriate existing housing fair 
market rental under section 1437f(c)(1) of this title in effect at the 
time the application is approved. Any amounts not needed for a year may 
be used to increase the amount available in subsequent years.

(Pub. L. 100-77, title IV, Sec. 478, as added Pub. L. 102-550, title 
XIV, Sec. 1406(f), Oct. 28, 1992, 106 Stat. 4032.)


                            Prior Provisions

    Prior sections 11405b and 11405c were repealed by Pub. L. 102-550, 
title XIV, Sec. 1406(d)(2), Oct. 28, 1992, 106 Stat. 4030.
    Section 11405b, Pub. L. 100-77, title IV, Sec. 473, as added Pub. L. 
101-625, title VIII, Sec. 837(a), Nov. 28, 1990, 104 Stat. 4372, listed 
provisions to be contained in contracts entered into by Secretary with 
public housing agencies under shelter plus care program.
    Section 11405c, Pub. L. 100-77, title IV, Sec. 474, as added Pub. L. 
101-625, title VIII, Sec. 837(a), Nov. 28, 1990, 104 Stat. 4373, related 
to term of occupancy agreements and issuance of vacancy payments under 
shelter plus care program.
