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42 U.S.C. § 5317 — Liquidation of superseded or inactive pro-

Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 5317 — Liquidation of superseded or inactive pro-

Page 6532 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 5317 Subsec. (g). Pub. L. 96–399, § 111(h)(1), redesignated subsec. (g) as (b). Subsec. (h). Pub. L. 96–399, § 111(h)(1), struck out sub- sec. (h) relating to sources of funds to meet deficiency in fiscal year 1977. 1976—Subsec. (h). Pub. L. 94–375 added subsec. (h). Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1983 AMENDMENT Pub. L. 98–181, title I [title I, § 110(b)], Nov. 30, 1983, 97 Stat. 1168, as amended by Pub. L. 98–479, title I, § 101(b)(1), Oct. 17, 1984, 98 Stat. 2220, provided that: ‘‘The amendments made by this part [part A (§§ 101–110) of title I of Pub. L. 98–181, title I, amending this sec- tion, sections 5301 to 5308 and 5312 of this title, and pro- visions set out as a note under section 5305 of this title] shall apply only to funds available for fiscal year 1984 and thereafter.’’ 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. § 5317. Liquidation of superseded or inactive pro- grams The Secretary is authorized to transfer the as- sets and liabilities of any program which is su- perseded or inactive by reason of this chapter to the revolving fund for liquidating programs es- tablished pursuant to title II of the Independent Offices Appropriation Act, 1955 (Public Law 83–428; 68 Stat. 272, 295) [12 U.S.C. 1701g–5]. (Pub. L. 93–383, title I, § 117(b), Aug. 22, 1974, 88 Stat. 653; Pub. L. 98–479, title II, § 204(k)(2), Oct. 17, 1984, 98 Stat. 2233.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in text, was in the original ‘‘this title’’, meaning title I of Pub. L. 93–383, Aug. 22, 1974, 88 Stat. 6

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Page 6532 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 5317 Subsec. (g). Pub. L. 96–399, § 111(h)(1), redesignated subsec. (g) as (b). Subsec. (h). Pub. L. 96–399, § 111(h)(1), struck out sub- sec. (h) relating to sources of funds to meet deficiency in fiscal year 1977. 1976—Subsec. (h). Pub. L. 94–375 added subsec. (h). Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1983 AMENDMENT Pub. L. 98–181, title I [title I, § 110(b)], Nov. 30, 1983, 97 Stat. 1168, as amended by Pub. L. 98–479, title I, § 101(b)(1), Oct. 17, 1984, 98 Stat. 2220, provided that: ‘‘The amendments made by this part [part A (§§ 101–110) of title I of Pub. L. 98–181, title I, amending this sec- tion, sections 5301 to 5308 and 5312 of this title, and pro- visions set out as a note under section 5305 of this title] shall apply only to funds available for fiscal year 1984 and thereafter.’’ 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. § 5317. Liquidation of superseded or inactive pro- grams The Secretary is authorized to transfer the as- sets and liabilities of any program which is su- perseded or inactive by reason of this chapter to the revolving fund for liquidating programs es- tablished pursuant to title II of the Independent Offices Appropriation Act, 1955 (Public Law 83–428; 68 Stat. 272, 295) [12 U.S.C. 1701g–5]. (Pub. L. 93–383, title I, § 117(b), Aug. 22, 1974, 88 Stat. 653; Pub. L. 98–479, title II, § 204(k)(2), Oct. 17, 1984, 98 Stat. 2233.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in text, was in the original ‘‘this title’’, meaning title I of Pub. L. 93–383, Aug. 22, 1974, 88 Stat. 633, which is classified principally to this chapter. For complete classification of title I to the Code, see Tables. AMENDMENTS 1984—Pub. L. 98–479 substituted ‘‘title II of the Inde- pendent Offices Appropriation Act, 1955 (Public Law 83–428; 68 Stat. 272, 295)’’ for ‘‘title II of the Independent Offices Appropriation Act of 1965 (Public Law 81–428; 68 Stat. 272, 295)’’. § 5318. Urban development action grants (a) Authorization; purpose; amount The Secretary is authorized to make urban de- velopment action grants to cities and urban counties which are experiencing severe eco- nomic distress to help stimulate economic de- velopment activity needed to aid in economic recovery. There are authorized to be appro- priated to carry out this section $225,000,000 for fiscal year 1988, and $225,000,000 for fiscal year 1989. Any amount appropriated under this sub- section shall remain available until expended. (b) Eligibility of cities and urban counties; cri- teria and standards; regulations (1) Urban development action grants shall be made only to cities and urban counties which have, in the determination of the Secretary, demonstrated results in providing housing for low- and moderate-income persons and in pro- viding equal opportunity in housing and employ- ment for low- and moderate-income persons and members of minority groups. The Secretary shall issue regulations establishing criteria in accordance with the preceding sentence and set- ting forth minimum standards for determining the level of economic distress of cities and urban counties for eligibility for such grants. These standards shall take into account factors such as the age of housing; the extent of poverty; the extent of population lag; growth of per capita income; and the extent of unemployment, job lag, or surplus labor. Any city that has a popu- lation of less than 50,000 persons and is not the central city of a metropolitan area, and that was eligible for fiscal year 1983 under this para- graph for assistance under this section, shall continue to be eligible for such assistance until the Secretary revises the standards for eligi- bility for such cities under this paragraph and includes the extent of unemployment, job lag, or labor surplus as a standard of distress for such cities. The Secretary shall make such revision as soon as practicable following November 30, 1983. (2) A city or urban county which fails to meet the minimum standards established pursuant to paragraph (1) shall be eligible for assistance under this section if it meets the requirements of the first sentence of such paragraph and— (A) in the case of a city with a population of fifty thousand persons or more or an urban county, contains an area (i) composed of one or more contiguous census tracts, enumera- tion districts, neighborhood statistics areas, or block groups, as defined by the United States Bureau of the Census, having at least a population of ten thousand persons or 10 per centum of the population of the city or urban county; (ii) in which at least 70 per centum of the residents have incomes below 80 per cen- tum of the median income of the city or urban county; and (iii) in which at least 30 per cen- tum of the residents have incomes below the national poverty level; or (B) in the case of a city with a population of less than fifty thousand persons, contains an area (i) composed of one or more contiguous census tracts, enumeration districts, neigh- borhood statistics areas, or block groups or other areas defined by the United States Bu- reau of the Census or for which data certified by the United States Bureau of the Census are available having at least a population of two thousand five hundred persons or 10 per cen- tum of the population of the city, whichever is greater; (ii) in which at least 70 per centum of the residents have incomes below 80 per cen- tum of the median income of the city; and (iii) in which at least 30 per centum of the resi- dents have incomes below the national pov- erty level. The Secretary shall use up to, but not more than, 20 per centum of the funds appropriated for use in any fiscal year under this section for the purpose of making grants to cities and urban counties eligible under this paragraph.

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1701g — Untitled legal text

Page 433 TITLE 12—BANKS AND BANKING § 1701g–5 tive studies with industry, labor, etc.; and exercise of powers by Secretary. See sections 1701z–1 to 1701z–4 of this title. § 1701f–1. Repealed. Pub. L. 90–19, § 5(c), May 25, 1967, 81 Stat. 21 Section, act Aug. 10, 1948, ch. 832, title III, § 304, as added July 15, 1949, ch. 338, title IV, § 401, 63 Stat. 431, provided for appointment, powers, and compensation of a Director. Section was previously repealed by Pub. L. 89–534, § 8(a), Sept. 6, 1966, 80 Stat. 655. §§ 1701g to 1701g–3. Omitted Editorial Notes CODIFICATION Sections 1701g to 1701g–3 were from sections 102 to 102c of the Housing Act of 1948, and provided for loans to aid production and distribution of prefabricated housing; provided for loans to assure maintenance of industrial capacity for production of such homes for national defense; provided for the powers of the Hous- ing and Home Finance Administrator; and included mo- bile or portable houses within the term ‘‘prefabricated houses’’. Authority for issuance of section 1701g obliga- tions under section 1(4) of Reorg. Plan No. 23 of 1950 as terminating June 30, 1954, see section 1701g–5 of this title. Authority to make or purchase section 1701g–1 loans or obligations as terminating July 31, 1954, see section 1591c of Title 42, The Public Health and Welfare. Section 1701g, act Aug. 10, 1948, ch. 832, title I, § 102, 62 Stat. 1275, amended Sept. 1, 1951, ch. 378, title V, § 501, 65 Stat. 311. Section 1701g–1, act Aug. 10, 1948, ch. 832, title I, § 102a, added Sept. 1, 1951, ch. 378, title V, § 502, 65 Stat. 312. Section 1701g–2, act Aug. 10, 1948, ch. 832, title I, § 102b, added Sept. 1, 1951, ch. 378, title V, § 502, 65 Stat. 312; amended July 14, 1952, ch. 723, § 10(e), 66 Stat. 6

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 5317 — Liquidation of superseded or inactive programs

The Secretary is authorized to transfer the assets and liabilities of any program which is superseded or inactive by reason of this chapter to the revolving fund for liquidating programs established pursuant to title II of the Independent Offices Appropriation Act, 1955 (Public Law 83–428; 68 Stat. 272, 295) [[12 U.S.C. 1701g–5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701g–5&num=0&edition=prelim)].

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