
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC1490e]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
       CHAPTER 8A--SLUM CLEARANCE, URBAN RENEWAL, AND FARM HOUSING
 
                      SUBCHAPTER III--FARM HOUSING
 
Sec. 1490e. Programs of technical and supervisory assistance for 
        low-income individuals and families in rural areas
        

(a) Grants or contracts with public or private nonprofit corporations, 
        etc., for assistance; preferential treatment of applications 
        sponsored by governmental entity or public body

    The Secretary may make grants to or enter into contracts with public 
or private nonprofit corporations, agencies, institutions, 
organizations, Indian tribes, and other associations approved by him, to 
pay part or all of the cost of developing, conducting, administering or 
coordinating effective and comprehensive programs of technical and 
supervisory assistance which will aid needy low-income individuals and 
families in benefiting from Federal, State, and local housing programs 
in rural areas. In processing applications for such grants or contracts 
made by private nonprofit corporations, agencies, institutions, 
organizations, and other associations, the Secretary shall give 
preference to those which are sponsored (including assistance to the 
applicant in processing the application, implementing the technical 
assistance program, and carrying out the obligations of the grant or 
contract) by a State, county, municipality, or other governmental entity 
or public body.

(b) Loans to public or private nonprofit corporations, etc., for 
        necessary planning and financing expenses; interest rates; 
        factors determinative of amount; terms and conditions of 
        repayment

    The Secretary is authorized to make loans to public or private 
nonprofit corporations, agencies, institutions, organizations, Indian 
tribes, and other associations approved by him for the necessary 
expenses, prior to construction, of planning, and obtaining financing 
for, the rehabilitation or construction of housing for low-income 
individuals or families under any Federal, State, or local housing 
program which is or could be used in rural areas. Such loans shall be 
made without interest and shall be for the reasonable costs expected to 
be incurred in planning, and in obtaining financing for, such housing 
prior to the availability of financing, including but not limited to 
preliminary surveys and analyses of market needs, preliminary site 
engineering and architectural fees, and construction loan fees and 
discounts. The Secretary shall require repayment of loans made under 
this subsection, under such terms and conditions as he may require, upon 
completion of the housing or sooner.

(c) Repealed. Pub. L. 98-181, title V, Sec. 518(b), Nov. 30, 1983, 97 
        Stat. 1249

(d) Deposit of appropriated funds into low-income sponsor fund; 
        availability; administration of fund as revolving fund; deposit 
        of repayments

    All funds appropriated for the purpose of subsection (b) of this 
section shall be deposited in a fund which shall be known as the low-
income sponsor fund, and which shall be available without fiscal year 
limitation and be administered by the Secretary as a revolving fund for 
carrying out the purposes of that subsection. Sums received in repayment 
of loans made under subsection (b) of this section shall be deposited in 
such fund.

(July 15, 1949, ch. 338, title V, Sec. 525, as added Pub. L. 93-383, 
title V, Sec. 515, Aug. 22, 1974, 88 Stat. 697; amended Pub. L. 95-557, 
title V, Sec. 501(i), Oct. 31, 1978, 92 Stat. 2111; Pub. L. 96-399, 
title V, Sec. 507(g), Oct. 8, 1980, 94 Stat. 1670; Pub. L. 98-181, title 
V, Sec. 518, Nov. 30, 1983, 97 Stat. 1249.)


                               Amendments

    1983--Subsec. (b). Pub. L. 98-181, Sec. 518(a), struck out 
provisions setting forth conditions under which any part or all of the 
loan is subject to cancellation.
    Subsec. (c). Pub. L. 98-181, Sec. 518(b), struck out subsec. (c), 
which related to authorization of appropriations for fiscal years ending 
June 30, 1975, June 30, 1976, and Sept. 30, 1979, and availability of 
amounts.
    1980--Subsecs. (a), (b). Pub. L. 96-399 inserted references to 
Indian tribes.
    1978--Subsec. (c). Pub. L. 95-557 inserted ``There are also 
authorized to be appropriated for the fiscal year ending September 30, 
1979, not to exceed $5,000,000 for the purposes of subsection (a) of 
this section and not to exceed $5,000,000 for the purposes of subsection 
(b) of this section.''
