
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: 42USC8107]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
     CHAPTER 90--NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND 
                             REVITALIZATION
 
           SUBCHAPTER I--NEIGHBORHOOD REINVESTMENT CORPORATION
 
Sec. 8107. Appropriations


(a) Authorization

    (1) There are authorized to be appropriated to the corporation to 
carry out this subchapter $29,476,000 for fiscal year 1993 and 
$30,713,992 for fiscal year 1994. Not more than 15 percent of any amount 
appropriated under this paragraph for any fiscal year may be used for 
administrative expenses.
    (2) Of the amount appropriated pursuant to this subsection for any 
fiscal year, amounts appropriated in excess of the amount necessary to 
continue existing services of the Neighborhood Reinvestment Corporation 
in revitalizing declining neighborhoods shall be available--
        (A) to expand the national neighborhood housing services network 
    and to assist network capacity development, including expansion of 
    rental housing resources;
        (B) to expand the loan purchase capacity of the national 
    neighborhood housing services secondary market operated by 
    Neighborhood Housing Services of America;
        (C) to make grants to provide incentives to extend low-income 
    housing use in connection with properties subject to prepayment 
    pursuant to the Low-Income Housing Preservation and Resident 
    Ownership Act of 1990 [12 U.S.C. 4101 et seq.];
        (D) to increase the resources available to the national 
    neighborhood housing services network programs for the purchase of 
    multifamily and single-family properties owned by the Secretary of 
    Housing and Urban Development for rehabilitation (if necessary) and 
    sale to low- and moderate-income families; and
        (E) to provide matching capital grants, operating subsidies, and 
    technical services to mutual housing associations for the 
    development, acquisition, and rehabilitation of multifamily and 
    single-family properties (including properties owned by the 
    Secretary of Housing and Urban Development) to ensure affordability 
    by low- and moderate-income families.

(b) Availability of funds until expended

    Funds appropriated pursuant to this section shall remain available 
until expended.

(c) Accounting and reporting of non-Federal funds

    Non-Federal funds received by the corporation, and funds received by 
any recipient from a source other than the corporation, shall be 
accounted for and reported as receipts and disbursements separate and 
distinct from Federal funds.

(d) Preparation of business-type budget

    The corporation shall prepare annually a business-type budget which 
shall be submitted to the Office of Management and Budget, under such 
rules and regulations as the President may establish as to the date of 
submission, the form and content, the classifications of data, and the 
manner in which such budget program shall be prepared and presented. The 
budget of the corporation as modified, amended, or revised by the 
President shall be transmitted to the Congress as a part of the annual 
budget required by chapter 11 of title 31. Amendments to the annual 
budget program may be submitted from time to time.

(Pub. L. 95-557, title VI, Sec. 608, Oct. 31, 1978, 92 Stat. 2119; Pub. 
L. 96-153, title III, Sec. 307, Dec. 21, 1979, 93 Stat. 1113; Pub. L. 
96-399, title III, Sec. 315(3), Oct. 8, 1980, 94 Stat. 1645; Pub. L. 97-
35, title III, Sec. 314, Aug. 13, 1981, 95 Stat. 398; Pub. L. 98-181, 
title I, Sec. 125, Nov. 30, 1983, 97 Stat. 1175; Pub. L. 98-479, title 
II, Sec. 203(m), Oct. 17, 1984, 98 Stat. 2231; Pub. L. 100-242, title V, 
Sec. 520(b), Feb. 5, 1988, 101 Stat. 1938; Pub. L. 101-625, title IX, 
Sec. 917(c), Nov. 28, 1990, 104 Stat. 4398; Pub. L. 102-550, title VIII, 
Sec. 831, Oct. 28, 1992, 106 Stat. 3851.)

                       References in Text

    The Low-Income Housing Preservation and Resident Ownership Act of 
1990, referred to in subsec. (a)(2)(C), probably means the Low-Income 
Housing Preservation and Resident Homeownership Act of 1990, title II of 
Pub. L. 100-242, as amended by Pub. L. 101-625, title VI, Sec. 601(a), 
Nov. 28, 1990, 104 Stat. 4249, which is classified principally to 
chapter 42 (Sec. 4101 et seq.) of Title 12, Banks and Banking. For 
complete classification of this Act to the Code, see Short Title note 
set out under section 4101 of Title 12 and Tables.


                               Amendments

    1992--Subsec. (a)(1). Pub. L. 102-550, Sec. 831(a), amended first 
sentence generally, substituting present provisions for provisions 
authorizing appropriations of $35,000,000 for fiscal year 1991 and 
$36,500,000 for fiscal year 1992.
    Subsec. (a)(2). Pub. L. 102-550, Sec. 831(b), substituted ``any 
fiscal year'' for ``each of the fiscal years 1991 and 1992'' in 
introductory provisions.
    1990--Subsec. (a). Pub. L. 101-625 amended subsec. (a) generally. 
Prior to amendment, subsec. (a) read as follows: ``There are authorized 
to be appropriated to the corporation to carry out this subchapter 
$19,000,000 for fiscal year 1988, and $19,000,000 for fiscal year 
1989.''
    1988--Subsec. (a). Pub. L. 100-242 amended subsec. (a) generally, 
substituting appropriations authorization of $19,000,000 for fiscal 
years 1988 and 1989 for prior authorizations not to exceed $16,512,000 
for fiscal year 1984, and such sums as may be necessary for fiscal year 
1985.
    1984--Subsec. (d). Pub. L. 98-479 substituted ``chapter 11 of title 
31'' for ``the Budget and Accounting Act, 1921''.
    1983--Subsec. (a). Pub. L. 98-181 substituted appropriations 
authorization not in excess of $16,512,000 for fiscal year 1984, and 
such sums as may be necessary for fiscal year 1985 for prior 
authorization not to exceed $12,500,000, $12,000,000, $13,426,000, and 
$14,950,000 for fiscal years 1979, 1980, 1981, and 1982, respectively.
    1981--Subsec. (a). Pub. L. 97-35 inserted authorized of 
appropriations for fiscal year 1982.
    1980--Subsec. (a). Pub. L. 96-399 authorized appropriations of not 
to exceed $13,426,000 for fiscal year 1981.
    1979--Subsec. (a). Pub. L. 96-153 authorized appropriation of 
$12,000,000 for fiscal year 1980.


                    Effective Date of 1981 Amendment

    Amendment by Pub. L. 97-35 effective Oct. 1, 1981, see section 371 
of Pub. L. 97-35, set out as an Effective Date note under section 3701 
of Title 12, Banks and Banking.


       Expansion of National Neighborhood Housing Services Network

    Section 917(a), (b) of Pub. L. 101-625 provided that:
    ``(a) Findings.--The Congress finds that--
        ``(1) protecting the existing stock of unsubsidized privately 
    held lower income housing through the rehabilitation and 
    revitalization of declining neighborhoods is essential to a national 
    housing policy that seeks to increase the availability of affordable 
    housing for low- and moderate-income families;
        ``(2) the Neighborhood Reinvestment Corporation, the anchor of 
    the national neighborhood housing services network, was chartered by 
    Congress more than 10 years ago to revitalize neighborhoods for the 
    benefit of current residents by mobilizing public, private, and 
    community resources at the neighborhood level;
        ``(3) the national neighborhood housing services network has 
    proven its worth as a successful cost-effective program relying 
    largely on local initiative for the specific design of local 
    programs;
        ``(4) the national neighborhood housing services network has had 
    more than 10 years of experience in revitalizing declining 
    neighborhoods, creating housing for low- and moderate-income 
    families, and equipping residents with skills and resources required 
    to maintain safe and healthy communities; and
        ``(5) expanding upon the existing capabilities, resources, and 
    potential of the national neighborhood housing services network is a 
    cost-effective response to the affordable housing and neighborhood 
    revitalization needs confronting the Nation, and is a strong 
    preventive measure in addressing the national tragedy of 
    homelessness.
    ``(b) Purpose.--It is the purpose of this section [amending this 
section] to authorize appropriations for the Neighborhood Reinvestment 
Corporation for fiscal years 1991 and 1992 to permit the corporation--
        ``(1) to carefully expand the capacities of the national 
    neighborhood housing services network;
        ``(2) to begin to meet the urgent need for neighborhood housing 
    services and mutual housing associations in neighborhoods across the 
    Nation as the effort to preserve affordable housing for low- and 
    moderate-income American families increases;
        ``(3) to increase and provide ongoing technical and capacity 
    development assistance to neighborhood housing services and related 
    public-private partnership-based nonprofit institutions involved in 
    the revitalization of neighborhoods for the benefit of current 
    residents, rehabilitation, preservation of existing housing stock, 
    and production of additional housing opportunities for low- and 
    moderate-income families;
        ``(4) to expand the loan purchase capacity of the national 
    neighborhood housing services secondary market, operated by 
    Neighborhood Housing Services of America, for loans made by 
    neighborhood housing services to residents who are unable to meet 
    conventional lending standards, and other loans for community 
    development purposes;
        ``(5) to provide increased capacity development and matching 
    grants to preserve existing privately held unsubsidized rental 
    housing affordable to low- and moderate-income households and to 
    create flexible strategies effective in the diverse economic and 
    geographic environments of the Nation;
        ``(6) to make grants to provide incentives to extend low-income 
    housing use in connection with properties subject to prepayment 
    pursuant to the Low-Income Housing Preservation and Resident 
    Ownership [Homeownership] Act of 1990 [12 U.S.C. 4101 et seq.];
        ``(7) to increase the resources available to neighborhood 
    housing services network programs for the purchase of multifamily 
    and single-family properties owned by the Secretary of Housing and 
    Urban Development for rehabilitation (if necessary) and sale to low- 
    and moderate-income families;
        ``(8) to expand the national mutual housing association 
    demonstration by providing technical assistance and matching grants 
    to assist low- and moderate-income families to participate in such 
    associations;
        ``(9) to increase resources available to neighborhood housing 
    services network programs for foreclosure intervention and 
    prevention; and
        ``(10) to create additional neighborhood housing services 
    partnership organizations to serve rural communities, Native 
    Americans, Native Hawaiians, and other communities in need.''

                  Section Referred to in Other Sections

    This section is referred to in section 8105 of this title.
