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54 U.S.C. § 302904 — Direct grants for the preservation of properties included on National Register
Federal law — U.S. Code and appendices · legal_authorities
**(a) Administration of Program.—** The Secretary shall administer a program of direct grants for the preservation of properties included on the National Register.
**(b) Available Amount.—** Funds to support the program annually shall not exceed 10 percent of the amount appropriated annually for the Historic Preservation Fund.
**(c) Uses of Grants.—**
(1) **In general.—** — Grants under this section may be made by the Secretary, in consultation with the appropriate State Historic Preservation Officer—
(A) for the preservation of—
(i) National Historic Landmarks that are threatened with demolition or impairment; and
(ii) historic property of World Heritage significance;
(B) for demonstration projects that will provide information concerning professional methods and techniques having application to historic property;
(C) for the training and development of skilled labor in trades and crafts, and in analysis and curation, relating to historic preservation; and
(D) to assist individuals or small businesses within any historic district included on the National Register to remain within the district.
(2) **Limit on certain grants.—** — A grant may be made under subparagraph (A) or (D) of paragraph (1) only to the extent that the project cannot be carried out in as effective a manner through the use of an insured loan under [section 303901 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title54-section303901&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 54 U.S.C. § 302904
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Stable record: federal_law:legal_authorities:record_usc_02107de66827f1aebd5a4ad9
Source file: Laws/federal/codes/united-states-code/title-54/section-302904-direct-grants-for-the-preservation-of-properties-included-on-national-re--1de75da975.md
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Source location: Title 54, Chapter 3029, § 302904; chapter-3029-chapter-3029.md
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**(a) Administration of Program.—** The Secretary shall administer a program of direct grants for the preservation of properties included on the National Register.
**(b) Available Amount.—** Funds to support the program annually shall not exceed 10 percent of the amount appropriated annually for the Historic Preservation Fund.
**(c) Uses of Grants.—**
(1) **In general.—** — Grants under this section may be made by the Secretary, in consultation with the appropriate State Historic Preservation Officer—
(A) for the preservation of—
(i) National Historic Landmarks that are threatened with demolition or impairment; and
(ii) historic property of World Heritage significance;
(B) for demonstration projects that will provide information concerning professional methods and techniques having application to historic property;
(C) for the training and development of skilled labor in trades and crafts, and in analysis and curation, relating to historic preservation; and
(D) to assist individuals or small businesses within any historic district included on the National Register to remain within the district.
(2) **Limit on certain grants.—** — A grant may be made under subparagraph (A) or (D) of paragraph (1) only to the extent that the project cannot be carried out in as effective a manner through the use of an insured loan under [section 303901 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title54-section303901&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment.—** The Secretary shall establish and maintain a program by which the Secretary may, on application of a private lender, insure loans (including loans made in accordance with a mortgage) made by the lender to finance any project for the preservation of a property included on the National Register.
**(b) Loan Qualifications.—** A loan may be insured under this section if—
(1) the loan is made by a private lender approved by the Secretary as financially sound and able to service the loan properly;
(2) the amount of the loan, and interest rate charged with respect to the loan, do not exceed the amount and rate established by the Secretary by regulation;
(3) the Secretary has consulted the appropriate State Historic Preservation Officer concerning the preservation of the historic property;
(4) the Secretary has determined that the loan is adequately secured and there is reasonable assurance of repayment;
(5) the repayment period of the loan does not exceed the lesser of 40 years or the expected life of the asset financed;
(6) the amount insured with respect to the loan does not exceed 90 percent of the loss sustained by the lender with respect to the loan; and
(7) the loan, the borrower, and the historic property to be preserved meet such other terms and conditions as may be prescribed by the Secretary by regulation, especially terms and conditions relating to the nature and quality of the preservation work.
**(c) Consultation.—** The Secretary shall consult with the Secretary of the Treasury regarding the interest rate of loans insured under this section.
**(d) Limitation on Amount of Unpaid Principal Balance of Loans.—** The aggregate unpaid principal balance of loans insured under this section may not exceed the amount that has been deposite
Source: Supplied U.S. Code snapshot — release unconfirmed · 54 U.S.C. § 303901
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Historic nature of facility** Congress finds the following:
(1) Four buildings located on six acres of the establishment of the Retirement Home known as the Armed Forces Retirement Home—Washington are included on the National Register of Historic Places maintained by the Secretary of the Interior.
(2) Amounts in the Armed Forces Retirement Home Trust Fund, which consists primarily of deductions from the pay of members of the Armed Forces, are insufficient to both maintain and operate the Retirement Home for the benefit of the residents of the Retirement Home and adequately maintain, repair, and preserve these historic buildings and grounds.
(3) Other sources of funding are available to contribute to the maintenance, repair, and preservation of these historic buildings and grounds.
**(b) Authority to accept assistance** The Chief Operating Officer and the Administrator of the Armed Forces Retirement Home—Washington may apply for and accept a direct grant from the Secretary of the Interior under [section 302904 of title 54](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title54-section302904&num=0&edition=prelim) for the purpose of maintaining, repairing, and preserving the historic buildings and grounds of the Armed Forces Retirement Home—Washington included on the National Register of Historic Places.
**(c) Requirements and limitations** Amounts received as a grant under subsection (b) shall be deposited in the Fund, but shall be kept separate from other amounts in the Fund. The amounts received may only be used for the purpose specified in subsection (b).
Source: Supplied U.S. Code snapshot — release unconfirmed · 24 U.S.C. § 424
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