
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: 42USC4635]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
CHAPTER 61--UNIFORM RELOCATION ASSISTANCE AND REAL PROPERTY ACQUISITION 
          POLICIES FOR FEDERAL AND FEDERALLY ASSISTED PROGRAMS
 
              SUBCHAPTER II--UNIFORM RELOCATION ASSISTANCE
 
Sec. 4635. Planning and other preliminary expenses for 
        additional housing
        
    In order to encourage and facilitate the construction or 
rehabilitation of housing to meet the needs of displaced persons who are 
displaced from dwellings because of any Federal or Federal financially 
assisted project, the head of the Federal agency administering such 
project is authorized to make loans as a part of the cost of any such 
project, or to approve loans as a part of the cost of any such project 
receiving Federal financial assistance, to nonprofit, limited dividend, 
or cooperative organizations or to public bodies, for necessary and 
reasonable expenses, prior to construction, for planning and obtaining 
federally insured mortgage financing for the rehabilitation or 
construction of housing for such displaced persons. Notwithstanding the 
preceding sentence, or any other law, such loans shall be available for 
not to exceed 80 per centum of the reasonable costs expected to be 
incurred in planning, and in obtaining financing for, such housing, 
prior to the availability of such financing, including, but not limited 
to, preliminary surveys and analyses of market needs, preliminary site 
engineering, preliminary architectural fees, site acquisition, 
application and mortgage commitment fees, and construction loan fees and 
discounts. Loans to an organization established for profit shall bear 
interest at a market rate established by the head of such Federal 
agency. All other loans shall be without interest. Such Federal agency 
head shall require repayment of loans made under this section, under 
such terms and conditions as he may require, upon completion of the 
project or sooner, and except in the case of a loan to an organization 
established for profit, may cancel any part or all of a loan if he 
determines that a permanent loan to finance the rehabilitation or the 
construction of such housing cannot be obtained in an amount adequate 
for repayment of such loan. Upon repayment of any such loan, the Federal 
share of the sum repaid shall be credited to the account from which such 
loan was made, unless the Secretary of the Treasury determines that such 
account is no longer in existence, in which case such sum shall be 
returned to the Treasury and credited to miscellaneous receipts.

(Pub. L. 91-646, title II, Sec. 215, Jan. 2, 1971, 84 Stat. 1901.)

                  Section Referred to in Other Sections

    This section is referred to in section 4632 of this title.
