42 U.S.C. § 1482 — Repealed. Pub. L. 98–181, title I [title V,

Page 4767 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 1482 STUDY OF PROBLEMS CAUSED BY REMOTE CLAIMS Pub. L. 95–557, title V, § 509, Oct. 31, 1978, 92 Stat. 2114, directed Secretary of Agriculture to make a detailed study of problems associated with obtaining title insur- ance by persons in rural areas with respect to real property encumbered by remote claims and make a final report to Congress with respect to such study not later than one year after Oct. 31, 1978. § 1481. Issuance of notes and obligations for loan funds; amount; limitation; security; form and denomination; interest; purchase and sale by Treasury; public debt transaction The Secretary may issue notes and other obli- gations for purchase by the Secretary of the Treasury for the purpose of making direct loans under this subchapter. The notes and obligations issued by the Secretary shall be secured by the obligations of borrowers and the Secretary’s commitments to make contributions under this subchapter and shall be repaid from the pay- ment of principal and interest on the obligations of the borrowers and from funds appropriated hereunder. The notes and other obligations issued by the Secretary shall be in such forms and denominations, shall have such maturities, and shall be subject to such terms and condi- tions as may be prescribed by the Secretary with the approval of the Secretary of the Treas- ury. Each such note or other obligation shall bear interest at the average rate, as determined by the Secretary of the Treasury, payable by the Treasury upon its marketable public obligations outstanding at the beginning of the fiscal year in which such note or other obligation is issued, which are neither due nor callable for redemp- tion for 15 years from their date of issue. The Secretary of the Treasury is authorized and di- rected to purchase any notes and other obliga- tions of the Secretary issued hereunder and for such purpose is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under chapter 31 of title 31, and the purposes for which securities may be issued under such chapter are extended to in- clude any purchases of such obligations. The Secretary of the Treasury may at any time sell any of the notes or obligations acquired by him under this section. All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or obligations shall be treated as public debt transactions of the United States. (July 15, 1949, ch. 338, title V, § 511, 63 Stat. 438; July 14, 1952, ch. 723, § 11(a), 66 Stat. 604; June 29, 1954, ch. 410, § 5(a), 68 Stat. 320; Aug. 2, 1954, ch. 649, title VIII, § 812(a), 68 Stat. 647; Aug. 11, 1955, ch. 783, title V, § 501(1), 69 Stat. 654; Aug. 7, 1956, ch. 1029, title VI, § 606(a), 70 Stat. 1114; Pub. L. 87–70, title VIII, §§ 801(c), 802, June 30, 1961, 75 Stat. 186; Pub. L. 87–723, § 4(c)(1), Sept. 28, 1962, 76 Stat. 672; Pub. L. 88–560, title V, § 501(a), Sept. 2, 1964, 78 Stat. 796; Pub. L. 89–117, title X, § 1003(b), Aug. 10, 1965, 79 Stat. 500; Pub. L. 98–181, title I [title V, § 508], Nov. 30, 1983, 97 Stat. 1243; Pub. L. 98–479, title II, § 203(d)(4), Oct. 17, 1984, 98 Stat. 2229.) Editorial Notes AMENDMENTS 1984—Pub. L. 98–479 substituted ‘‘chapter 31 of title 31’’ for ‘‘the Second Liberty Bond Act, as amended’’ and ‘‘such chapter’’ for ‘‘such Act’’. 1983—Pub. L. 98–181 struck out second sentence pro- viding that total principal amount of such notes and obligations issued pursuant to this section during the period beginning July 1, 1956, and ending October 1, 1969, shall not exceed $850,000,000. 1965—Pub. L. 89–117 changed the purpose for which the Secretary may issue notes and other obligations for purchase by the Secretary of the Treasury from that of making loans under this subchapter (other than loans under section 1474(b) or 1485 of this title) to that of making direct loans under the entire subchapter, sub- stituted ‘‘October 1969’’ for ‘‘September 30, 1965’’, elimi- nated reservation that, of the allowable $850,000,000 principal amount of notes and obligations, $50,000,000 be available exclusively for assistance to elderly persons under clause (3) of section 1471(a) of this title, and changed the method for setting the interest on notes and obligations from that of having the Secretary set a rate taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the notes or obligations to that of the Secretary setting a rate equal to the average rate pay- able by the Treasury upon its marketable public obli- gations outstanding at the beginning of the fiscal year in which such note or other obligation is issued, which are neither due nor callable for redemption for 15 years from their date of issuance. 1964—Pub. L. 88–560 substituted ‘‘September 30, 1965’’ for ‘‘June 30, 1965’’, and ‘‘$850,000,000’’ for ‘‘$700,000,000’’. 1962—Pub. L. 87–723 substituted ‘‘1474(b) or 1485’’ for ‘‘1474(b)’’ and ‘‘$700,000,000, of which $50,000,000 shall be available exclusively for assistance to elderly persons as provided in clause (3) of section 1471(a) of this title’’ for ‘‘$650,000,000’’. 1961—Pub. L. 87–70 substituted ‘‘June 30, 1965’’ for ‘‘June 30, 1961’’, and ‘‘$650,000,000’’ for ‘‘$450,000,000’’. 1956—Act Aug. 7, 1956, authorized $450,000,000 for loans for the period beginning July 1, 1956, and ending June 30, 1961. 1955—Act Aug. 11, 1955, authorized an additional $100,000,000 on and after July 1, 1955. 1954—Act Aug. 2, 1954, substituted ‘‘$100,000,000’’ for the authorization of $8,500,000 (on and after July 1, 1954) which had been inserted by Act June 29, 1954. Act June 29, 1954, authorized an additional $8,500,000 on and after July 1, 1954. 1952—Act July 14, 1952, authorized an additional $100,000,000 for fiscal year 1954. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1956 AMENDMENT Act Aug. 7, 1956, ch. 1029, title VI, § 606(d), 70 Stat. 1115, provided that: ‘‘This section [amending this sec- tion and sections 1482 and 1483 of this title] shall take effect as of July 1, 1956.’’ § 1482. Repealed. Pub. L. 98–181, title I [title V, § 509], Nov. 30, 1983, 97 Stat. 1243 Section, acts July 15, 1949, ch. 338, title V, § 512, 63 Stat. 438; July 14, 1952, ch. 723, § 11(b), 66 Stat. 604; June 29, 1954, ch. 410, § 5(b), 68 Stat. 320; Aug. 2, 1954, ch. 649, title VIII, § 812(b), 68 Stat. 647; Aug. 11, 1955, ch. 783, title V, § 501(2), 69 Stat. 654; Aug. 7, 1956, ch. 1029, title VI, § 606(b), 70 Stat. 1114; June 30, 1961, Pub. L. 87–70, title VIII, § 801(c), 75 Stat. 186; Sept. 4, 1964, Pub. L. 88–560, title V, § 501(b), 78 Stat. 796; Aug. 10, 1965, Pub. L. 89–117, title X, § 1005(a), 79 Stat. 501, related to au- thorization to make commitments for contributions aggregating not to exceed $10,000,000 during period be- ginning July 1, 1956, and ending Oct. 1, 1969, in connec- Page 4768 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 1483 1 See References in Text note below. tion with loans made pursuant to section 1473 of this title. § 1483. Program levels and authorizations (a) In general (1) The Secretary may, to the extent approved in appropriation Acts, insure and guarantee loans under this subchapter during fiscal years 1993 and 1994, in aggregate amounts not to ex- ceed $2,446,855,600 and $2,549,623,535, respectively, as follows: (A) For insured or guaranteed loans under section 1472 of this title on behalf of low-in- come borrowers receiving assistance under section 1490a(a)(1) of this title, $1,676,484,000 for fiscal year 1993 and $1,746,896,328 for fiscal year 1994. (B) For guaranteed loans under section 1472(h) of this title on behalf of low- and mod- erate-income borrowers, such sums as may be appropriated for fiscal years 1993 and 1994. (C) For loans under section 1474 of this title, $12,400,000 for fiscal year 1993 and $12,920,800 for fiscal year 1994. (D) For insured loans under section 1484 of this title, $16,821,600 for fiscal year 1993 and $17,528,107 for fiscal year 1994. (E) For insured loans under section 1485 of this title, $739,500,000 for fiscal year 1993 and $770,559,000 for fiscal year 1994. (F) For loans under section 1490c(b)(1)(B) of this title, $800,000 for fiscal year 1993 and $833,600 for fiscal year 1994. (G) For site loans under section 1490d of this title, $850,000 for fiscal year 1993 and $885,700 for fiscal year 1994. (2) Notwithstanding any other provision of law, insured and guaranteed loan authority au- thorized in this subchapter for any fiscal year beginning after September 30, 1984, shall not be transferred or used for any purpose not specified in this subchapter. (b) Authorization of appropriations There are authorized to be appropriated for fiscal years 1993 and 1994, and to remain avail- able until expended, the following amounts: (1) For grants under section 1472(f)(1) of this title, $1,100,000 for fiscal year 1993 and $1,146,200 for fiscal year 1994. (2) For grants under section 1474 of this title, $21,100,000 for fiscal year 1993 and $21,986,200 for fiscal year 1994. (3) For purposes of section 1479(c) of this title, $600,000 for fiscal year 1993 and $625,200 for fiscal year 1994. (4) For project preparation grants under sec- tion 1479(f)(6) of this title, $5,300,000 in fiscal year 1993 and $5,522,600 in fiscal year 1994. (5) In fiscal years 1993 and 1994, such sums as may be necessary to meet payments on notes or other obligations issued by the Secretary under section 1481 of this title equal to— (A) the aggregate of the contributions made by the Secretary in the form of credits on principal due on loans made pursuant to section 1473 of this title; and (B) the interest due on a similar sum rep- resented by notes or other obligations issued by the Secretary. (6) For grants for service coordinators under section 1485(y) of this title, $1,000,000 in fiscal year 1993 and $1,042,000 in fiscal year 1994. (7) For financial assistance under section 1486 of this title— (A) for low-rent housing and related facili- ties for domestic farm labor under sub- sections (a) through (j) of such section, $21,700,000 for fiscal year 1993 and $22,611,400 for fiscal year 1994; and (B) for housing for rural homeless and mi- grant farmworkers under subsection (k) of such section, $10,500,000 for fiscal year 1993 and $10,941,000 for fiscal year 1994. (8) For grants under section 1490c(f) 1 of this title, $13,900,000 for fiscal year 1993 and $14,483,800 for fiscal year 1994. (9) For grants under section 1490m of this title, $30,800,000 for fiscal year 1993 and $32,093,600 for fiscal year 1994. (c) Rental assistance (1) The Secretary, to the extent approved in appropriations Acts for fiscal years 1993 and 1994, may enter into rental assistance payment contracts under section 1490a(a)(2)(A) of this title aggregating $414,100,000 for fiscal year 1993 and $431,492,200 for fiscal year 1994. (2) Any authority approved in appropriation Acts for fiscal year 1988 or any succeeding fiscal year for rental assistance payment contracts under section 1490a(a)(2)(A) of this title or con- tracts for operating assistance under section 1490a(a)(5) of this title shall be used by the Sec- retary— (A) to renew rental assistance payment con- tracts or operating assistance contracts that expire during such fiscal year; (B) to provide amounts required to continue assistance payments for the remaining period of an existing contract, in any case in which the original amount of assistance is used prior to the end of the term of the contract; and (C) to make additional rental assistance payment contracts or operating assistance contracts for existing or newly constructed dwelling units. (d) Supplemental rental assistance contracts The Secretary, to the extent approved in ap- propriations Acts for fiscal years 1993 and 1994, may enter into 5-year supplemental rental as- sistance contracts under section 1472(c)(5)(D) of this title aggregating $12,178,000 for fiscal year 1993 and $12,689,476 for fiscal year 1994. (e) Authorization of appropriations There are authorized to be appropriated for rural housing vouchers under section 1490r of this title, $130,000,000 for fiscal year 1993 and $140,000,000 for fiscal year 1994. (July 15, 1949, ch. 338, title V, § 513, 63 Stat. 438; July 14, 1952, ch. 723, § 11(c), 66 Stat. 604; June 29, 1954, ch. 410, § 5(c), 68 Stat. 320; Aug. 2, 1954, ch. 649, title VIII, § 812(c), 68 Stat. 647; Aug. 11, 1955, ch. 783, title V, § 501(3), 69 Stat. 654; Aug. 7, 1956, ch. 1029, title VI, § 606(c), 70 Stat. 1115; Pub. L. 87–70, title VIII, §§ 801(c), 805(b), June 30, 1961, 75 Stat. 186, 188; Pub. L. 88–560, title V, §§ 501(c),