§ 4124. — Authorization of appropriations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC4124]
TITLE 12--BANKS AND BANKING
CHAPTER 42--LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP
SUBCHAPTER I--PREPAYMENT OF MORTGAGES INSURED UNDER NATIONAL HOUSING ACT
Sec. 4124. Authorization of appropriations
(a) In general
There are authorized to be appropriated for assistance and
incentives authorized under this subchapter $638,252,784 for fiscal year
1993 and $665,059,401 for fiscal year 1994.
(b) Grants
Subject to approval in appropriation Acts, not more than $50,000,000
of the amounts made available under subsection (a) of this section for
fiscal year 1993, and not more than $50,000,000 of the amounts made
available under subsection (a) of this section for fiscal year 1994,
shall be available for grants under section 4111(d)(2) of this title.
(Pub. L. 100-242, title II, Sec. 234, as added Pub. L. 101-625, title
VI, Sec. 601(a), Nov. 28, 1990, 104 Stat. 4274; amended Pub. L. 102-550,
title III, Sec. 301, Oct. 28, 1992, 106 Stat. 3762.)
Amendments
1992--Pub. L. 102-550 amended section generally. Prior to amendment,
section read as follows:
``(a) General.--There are authorized to be appropriated for
assistance and incentives authorized under this chapter $425,000,000 for
fiscal year 1991 and $858,000,000 for fiscal year 1992.
``(b) Grants.--Of the amounts made available under subsection (a) of
this section, not more than $100,000,000 for each of fiscal years 1991
and 1992 shall be available for grants under section 4111(d)(2) of this
title, subject to approval in appropriations Acts.''
Section Referred to in Other Sections
This section is referred to in sections 4111, 4113, 4147 of this
title.
