
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: 42USC5511]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                        CHAPTER 71--SOLAR ENERGY
 
                    SUBCHAPTER I--HEATING AND COOLING
 
Sec. 5511. Federally assisted or federally constructed housing


(a) Maximum dollar amount of federally assisted mortgage loan or maximum 
        per unit or other cost or floor area limitation of federally 
        constructed housing

    (1) In determining the maximum dollar amount of any federally 
assisted mortgage loan (as defined in subsection (b) of this section) or 
the maximum per unit or other cost or floor area limitation of any 
federally constructed housing (as defined in subsection (c) of this 
section), where the law establishing the program under which the loan is 
made or the housing is constructed specifies such maximum per unit or 
other cost on floor area limitation and the structure involved is 
furnished with solar heating or combined solar heating and cooling 
equipment under the demonstration program established by section 5503, 
5504, or 5507 of this title, the maximum amount or cost or floor area 
limitation so specified which is applicable to such structure shall be 
deemed to be increased by the amount by which (as determined by the 
Secretary or the Secretary of Defense, as appropriate) the price or cost 
or floor area limitation of the structure including such solar heating 
or combined solar heating and cooling equipment exceeds the price or 
cost or floor area limitation of the structure with such equipment 
replaced by conventional heating equipment or conventional heating and 
cooling equipment (as the case may be).
    (2) In addition, in the case of a federally assisted mortgage loan, 
the cost excess specified in subsection (a) of this section shall be 
fully taken into account in determining the value or cost of the 
structure involved for purposes of applying any statutory provision 
specifying the maximum loan-to-value or -cost ratio; except that, if the 
law specifies different rates of downpayment for successive increments 
of such value or cost, the lowest such rate shall apply to the 
additional cost attributable to the solar heating or combined solar 
heating and cooling equipment, and such equipment shall otherwise be 
excluded in determining the total value or cost of the structure.

(b) ``Mortgage loan'' and ``federally assisted mortgage loan'' defined

    As used in subsection (a) of this section, the term ``mortgage 
loan'' means a loan which is made to finance the purchase or 
construction of a residence or any other building or structure; and the 
term ``federally assisted mortgage loan'' means a mortgage loan which--
        (1) is made in whole or in part by any lender the deposits or 
    accounts of which are insured by any agency of the Federal 
    Government, or is made in whole or in part by any lender which is 
    itself regulated by any agency of the Federal Government; or
        (2) is made in whole or in part, or insured, guaranteed, 
    supplemented, or assisted in any way, by the Secretary or any other 
    officer or agency of the Federal Government or under or in 
    connection with a housing, urban development, or related program 
    administered by the Secretary or a housing or related program 
    administered by any other such officer or agency; or
        (3) is eligible for purchase by the Federal National Mortgage 
    Association, the Government National Mortgage Association, or the 
    Federal Home Loan Mortgage Corporation, or from any financial 
    institution from which it could be purchased by the Federal Home 
    Loan Mortgage Corporation; or
        (4) is made in whole or in part by any ``creditor,'' as defined 
    in section 1602(f) of title 15, who makes or invests in residential 
    real estate loans aggregating more than $1,000,000 per year.

(c) ``Federally constructed housing'' defined

    As used in subsection (a) of this section, the term ``federally 
constructed housing'' means (1) residential or multifamily housing which 
is constructed by agencies of the Federal Government to provide dwelling 
accommodations for particular types or classes of persons under programs 
administered by such Federal agencies (including all housing constructed 
by the Department of Defense to provide dwelling accommodations for 
personnel of the armed services or for such personnel and their 
families), and (2) residential or multifamily housing which is 
constructed by agencies of State or local government, with financial 
assistance in any form from the Federal Government, to provide dwelling 
accommodations for particular types or classes of persons under programs 
administered by such State or local agencies.

(Pub. L. 93-409, Sec. 13, Sept. 3, 1974, 88 Stat. 1076.)
