SEC. 519. PUBLIC HOUSING CAPITAL AND OPERATING FUNDS.
(a) In General.--Section 9 of the United States Housing Act of 1937
(42 U.S.C. 1437g) is amended to read as follows:
``SEC. 9. PUBLIC HOUSING CAPITAL AND OPERATING FUNDS.
``(a) Merger Into Capital Fund.--Except as otherwise provided in the
Quality Housing and Work Responsibility Act of 1998, any assistance made
available for public housing under section 14 of this Act before October
1, 1999, shall be merged into the Capital Fund established under
subsection (d).
``(b) Merger Into Operating Fund.--Except as otherwise provided in
the Quality Housing and Work Responsibility Act of 1998, any assistance
made available for public housing under section 9 of this Act before
October 1, 1999, shall be merged into the Operating Fund established
under subsection (e).
``(c) Allocation Amount.--
``(1) In General.--For fiscal year 2000 and each fiscal year
thereafter, the Secretary shall allocate amounts in the Capital
Fund and Operating Funds for assistance for public housing
agencies eligible for such assistance. The Secretary shall
determine the amount of the allocation for each eligible
agency, which shall be, for any fiscal year beginning after the
effective date of the formulas described in subsections (d)(2)
and (e)(2)--
``(A) for assistance from the Capital Fund, the
amount determined for the agency under the formula under
subsection (d)(2); and
``(B) for assistance from the Operating Fund, the
amount determined for the agency under the formula under
subsection (e)(2).
``(2) Funding.--There are authorized to be appropriated for
assistance for public housing agencies under this section the
following amounts:
``(A) Capital fund.--For allocations of assistance
from the Capital Fund, $3,000,000,000 for fiscal year
1999, and such sums as may be necessary for fiscal years
2000, 2001, 2002, and 2003.
``(B) Operating fund.--For allocations of assistance
from the Operating Fund, $2,900,000,000 for fiscal year
1999, and such sums as may be necessary for each of
fiscal years 2000, 2001, 2002, and 2003.
``(d) Capital Fund.--
``(1) In general.--The Secretary shall establish a Capital
Fund for the purpose of making assistance available to public
housing agencies to carry out capital and management activities,
including--
``(A) the development, financing, and modernization
of public housing projects, including the redesign,
reconstruction, and reconfiguration of public housing
sites and buildings (including accessibility
improvements) and the development of mixed-finance
projects;
``(B) vacancy reduction;
``(C) addressing deferred maintenance needs and the
replacement of obsolete utility systems and dwelling
equipment;
``(D) planned code compliance;
``(E) management improvements;
``(F) demolition and replacement;
``(G) resident relocation;
``(H) capital expenditures to facilitate programs to
improve the empowerment and economic self-sufficiency of
public housing residents and to improve resident
participation;
``(I) capital expenditures to improve the security
and safety of residents; and
``(J) homeownership activities, including programs
under section 32.
``(2) Formula.--The Secretary shall develop a formula for
determining the amount of assistance provided to public housing
agencies from the Capital Fund for a fiscal year, which shall
include a mechanism to reward performance. The formula may take
into account such factors as--
``(A) the number of public housing dwelling units
owned, assisted, or operated by the public housing
agency, the characteristics and locations of the
projects, and the characteristics of the families served
and to be served (including the incomes of the
families);
``(B) the need of the public housing agency to carry
out rehabilitation and modernization activities,
replacement housing, and reconstruction, construction,
and demolition activities related to public housing
dwelling units owned, assisted, or operated by the
public housing agency, including backlog and projected
future needs of the agency;
``(C) the cost of constructing and rehabilitating
property in the area;
``(D) the need of the public housing agency to carry
out activities that provide a safe and secure
environment in public housing units owned, assisted, or
operated by the public housing agency;
``(E) any record by the public housing agency of
exemplary performance in the operation of public
housing, as indicated by the system of performance
indicators established pursuant to section 6( j); and
``(F) any other factors that the Secretary
determines to be appropriate.
``(3) Conditions on use for development and modernization.--
``(A) Development.--Except as otherwise provided in
this Act, any public housing developed using amounts
provided under this subsection, or under section 14 as
in effect before the effective date under section 503(a)
of the Quality Housing and Work Responsibility Act of
1998, shall be operated under the terms and conditions
applicable to public housing during the 40-year period
that begins on the date on which the project (or stage
of the project) becomes available for occupancy.
``(B) Modernization.--Except as otherwise provided
in this Act, any public housing or portion thereof that
is modernized using amounts provided under this
subsection or under section 14 (as in effect before the
effective date under section 503(a) of the Quality
Housing and Work Responsibility Act of 1998) shall be
maintained and operated under the terms and conditions
applicable to public housing during the 20-year period
that begins on the latest date on which modernization is
completed.
``(C) Applicability of latest expiration date.--
Public housing subject to this paragraph or to any other
provision of law mandating the operation of the housing
as public housing or under the terms and conditions
applicable to public housing for a specified length of
time, shall be maintained and operated as required until
the latest such expiration date.
``(e) Operating Fund.--
``(1) In general.--The Secretary shall establish an
Operating Fund for the purpose of making assistance available to
public housing agencies for the operation and management of
public housing, including--
``(A) procedures and systems to maintain and ensure
the efficient management and operation of public housing
units (including amounts sufficient to pay for the
reasonable costs of review by an independent auditor of
the documentation or other information maintained
pursuant to section 6( j)(6) by a public housing agency
or resident management corporation to substantiate the
performance of that agency or corporation);
``(B) activities to ensure a program of routine
preventative maintenance;
``(C) anticrime and antidrug activities, including
the costs of providing adequate security for public
housing residents, including above-baseline police
service agreements;
``(D) activities related to the provision of
services, including service coordinators for elderly
persons or persons with disabilities;
``(E) activities to provide for management and
participation in the management and policy making of
public housing by public housing residents;
``(F) the costs of insurance;
``(G) the energy costs associated with public
housing units, with an emphasis on energy conservation;
``(H) the costs of administering a public housing
work program under section 12, including the costs of
any related insurance needs;
``(I) the costs of repaying, together with rent
contributions, debt incurred to finance the
rehabilitation and development of public housing units,
which shall be subject to such reasonable requirements
as the Secretary may establish; and
``(J) the costs associated with the operation and
management of mixed finance projects, to the extent
appropriate.
``(2) Formula.--
``(A) In general.--The Secretary shall establish a
formula for determining the amount of assistance
provided to public housing agencies from the Operating
Fund for a fiscal year. The formula may take into
account--
``(i) standards for the costs of operating and
reasonable projections of income, taking into
account the characteristics and locations of the
public housing projects and characteristics of the
families served and to be served (including the
incomes of the families), or the costs of
providing comparable services as determined in
accordance with criteria or a formula representing
the operations of a prototype well-managed public
housing project;
``(ii) the number of public housing dwelling
units owned, assisted, or operated by the public
housing agency;
``(iii) the number of public housing dwelling
units owned, assisted, or operated by the public
housing agency that are chronically vacant and the
amount of assistance appropriate for those units;
``(iv) to the extent quantifiable, the extent
to which the public housing agency provides
programs and activities designed to promote the
economic self-sufficiency and management skills of
public housing residents;
``(v) the need of the public housing agency to
carry out anti-crime and anti-drug activities,
including providing adequate security for public
housing residents;
``(vi) the amount of public housing rental
income foregone by the public housing agency as a
result of escrow savings accounts under section
23(d)(2) for families participating in a family
self-sufficiency program of the agency under such
section 23; and
``(vii) any other factors that the Secretary
determines to be appropriate.
``(B) Incentive to increase certain rental income.--
The formula shall provide an incentive to encourage
public housing agencies to facilitate increases in
earned income by families in occupancy. Any such
incentive shall provide that the agency shall benefit
from increases in such rental income and that such
amounts accruing to the agency pursuant to such benefit
may be used only for low-income housing or to benefit
the residents of the public housing agency.
``(C) Treatment of savings.--The treatment of
utility and waste management costs under the formula
shall provide that a public housing agency shall receive
the full financial benefit from any reduction in the
cost of utilities or waste management resulting from any
contract with a third party to undertake energy
conservation improvements in one or more of its public
housing projects.
``(3) Condition on use.--No portion of any public housing
project operated using amounts provided under this subsection,
or under this section as in effect before the effective date
under section 503(a) of the Quality Housing and Work
Responsibility Act of 1998, may be disposed of before the
expiration of the 10-year period beginning upon the conclusion
of the fiscal year for which such amounts were provided, except
as otherwise provided in this Act.
``(f ) Negotiated Rulemaking Procedure.--The formulas under
subsections (d)(2) and (e)(2) shall be developed according to procedures
for issuance of regulations under the negotiated rulemaking procedure
under subchapter III of chapter 5 of title 5, United States Code.
``(g) Limitations on Use of Funds.--
``(1) Flexibility for capital fund amounts.--Of any amounts
appropriated for fiscal year 2000 or any fiscal year thereafter
that are allocated for fiscal year 2000 or any fiscal year
thereafter from the Capital Fund for any public housing agency,
the agency may use not more than 20 percent for activities that
are eligible under subsection (e) for assistance with amounts
from the Operating Fund, but only if the public housing agency
plan for the agency provides for such use.
``(2) Full flexibility for small pha's.--Of any amounts
allocated for any fiscal year for any public housing agency that
owns or operates less than 250 public housing dwelling units, is
not designated pursuant to section 6( j)(2) as a troubled public
housing agency, and (in the determination of the Secretary) is
operating and maintaining its public housing in a safe, clean,
and healthy condition, the agency may use any such amounts for
any eligible activities under subsections (d)(1) and (e)(1),
regardless of the fund from which the amounts were
allocated <<NOTE: Effective date.>> and provided. This
subsection shall take effect on the date of the enactment of the
Quality Housing and Work Responsibility Act of 1998.
``(3) Limitation on new construction.--
``(A) In general.--Except as provided in
subparagraphs (B) and (C), a public housing agency may
not use any of the amounts allocated for the agency from
the Capital Fund or Operating Fund for the purpose of
constructing any public housing unit, if such
construction would result in a net increase from the
number of public housing units owned, assisted, or
operated by the public housing agency on October 1,
1999, including any public housing units demolished as
part of any revitalization effort.
``(B) Exception regarding use of assistance.--A
public housing agency may use amounts allocated for the
agency from the Capital Fund or Operating Fund for the
construction and operation of housing units that are
available and affordable to low-income families in
excess of the limitations on new construction set forth
in subparagraph (A), but the formulas established under
subsections (d)(2) and (e)(2) shall not provide
additional funding for the specific purpose of allowing
construction and operation of housing in excess of those
limitations (except to the extent provided in
subparagraph (C)).
``(C) Exception regarding formulas.--Subject to
reasonable limitations set by the Secretary, the
formulas established under subsections (d)(2) and (e)(2)
may provide additional funding for the operation and
modernization costs (but not the initial development
costs) of housing in excess of amounts otherwise
permitted under this paragraph, and such amounts may be
so used, if--
``(i) such units are part of a mixed-finance
project or otherwise leverage significant
additional private or public investment; and
``(ii) the estimated cost of the useful life
of the project is less than the estimated cost of
providing tenant-based assistance under section
8(o) for the same period of time.
``(h) Technical <<NOTE: Contracts.>> Assistance.--To the extent
amounts are provided in advance in appropriations Acts, the Secretary
may make grants or enter into contracts or cooperative agreements in
accordance with this subsection for purposes of providing, either
directly or indirectly--
``(1) technical assistance to public housing agencies,
resident councils, resident organizations, and resident
management corporations, including assistance relating to
monitoring and inspections;
``(2) training for public housing agency employees and
residents;
``(3) data collection and analysis;
``(4) training, technical assistance, and education to
public housing agencies that are--
``(A) at risk of being designated as troubled under
section 6( j), to assist such agencies from being so
designated; and
``(B) designated as troubled under section 6( j), to
assist such agencies in achieving the removal of that
designation;
``(5) contract expertise;
``(6) training and technical assistance to assist in the
oversight and management of public housing or tenant-based
assistance; and
``(7) clearinghouse services in furtherance of the goals and
activities of this subsection.
As used in this subsection, the terms `training' and `technical
assistance' shall include training or technical assistance and the cost
of necessary travel for participants in such training or technical
assistance, by or to officials and employees of the Department and of
public housing agencies, and to residents and to other eligible
grantees.
``(i) Eligibility of Units Acquired From Proceeds of Sales Under
Demolition or Disposition Plan.--If a public housing agency uses
proceeds from the sale of units under a homeownership program in
accordance with section 32 to acquire additional units to be sold to
low-income families, the additional units shall be counted as public
housing for purposes of determining the amount of the allocation to the
agency under this section until sale by the agency, but in no case
longer than 5 years.
``( j) Penalty for Slow Expenditure of Capital Funds.--
``(1) Obligation of amounts.--Except as provided in
paragraph (4) and subject to paragraph (2), a public housing
agency shall obligate any assistance received under this section
not later than 24 months after, as applicable--
``(A) the date on which the funds become available
to the agency for obligation in the case of
modernization; or
``(B) the date on which the agency accumulates
adequate funds to undertake modernization, substantial
rehabilitation, or new construction of units.
``(2) Extension of time period for obligation.--The
Secretary--
``(A) may, extend the time period under paragraph
(1) for a public housing agency, for such period as the
Secretary determines to be necessary, if the Secretary
determines that the failure of the agency to obligate
assistance in a timely manner is attributable to--
``(i) litigation;
``(ii) obtaining approvals of the Federal
Government or a State or local government;
``(iii) complying with environmental
assessment and abatement requirements;
``(iv) relocating residents;
``(v) an event beyond the control of the
public housing agency; or
``(vi) <<NOTE: Federal Register,
publication.>> any other reason established by the
Secretary by notice published in the Federal
Register;
``(B) shall disregard the requirements of paragraph
(1) with respect to any unobligated amounts made
available to a public housing agency, to the extent that
the total of such amounts does not exceed 10 percent of
the original amount made available to the public housing
agency; and
``(C) may, with the prior approval of the Secretary,
extend the time period under paragraph (1), for an
additional period not to exceed 12 months, based on--
``(i) the size of the public housing agency;
``(ii) the complexity of capital program of
the public housing agency;
``(iii) any limitation on the ability of the
public housing agency to obligate the amounts
allocated for the agency from the Capital Fund in
a timely manner as a result of State or local law;
or
``(iv) such other factors as the Secretary
determines to be relevant.
``(3) Effect of failure to comply.--
``(A) Prohibition of new assistance.--A public
housing agency shall not be awarded assistance under
this section for any month during any fiscal year in
which the public housing agency has funds unobligated in
violation of paragraph (1) or (2).
``(B) Withholding of assistance.--During any fiscal
year described in subparagraph (A), the Secretary shall
withhold all assistance that would otherwise be provided
to the public housing agency. If the public housing
agency cures its failure to comply during the year, it
shall be provided with the share attributable to the
months remaining in the year.
``(C) Redistribution.--The total amount of any funds
not provided public housing agencies by operation of
this paragraph shall be allocated for agencies
determined under section 6( j) to be high-performing.
``(4) Exception to obligation requirements.--
``(A) In general.--Subject to subparagraph (B), if
the Secretary has consented, before the effective date
under section 503(a) of the Quality Housing and Work
Responsibility Act of 1998, to an obligation period for
any agency longer than provided under paragraph (1), a
public housing agency that obligates its funds before
the expiration of that period shall not be considered to
be in violation of paragraph (1).
``(B) Prior fiscal years.--Notwithstanding
subparagraph (A), any funds appropriated to a public
housing agency for fiscal year 1997 or prior fiscal
years shall be fully obligated by the public housing
agency not later than September 30, 1999.
``(5) Expenditure of amounts.--
``(A) In general.--A public housing agency shall
spend any assistance received under this section not
later than 4 years (plus the period of any extension
approved by the Secretary under paragraph (2)) after the
date on which funds become available to the agency for
obligation.
``(B) Enforcement.--The Secretary shall enforce the
requirement of subparagraph (A) through default remedies
up to and including withdrawal of the funding.
``(6) Right of recapture.--Any obligation entered into by a
public housing agency shall be subject to the right of the
Secretary to recapture the obligated amounts for violation by
the public housing agency of the requirements of this
subsection.
``(k) Emergency Reserve and Use of Amounts.--
``(1) Set-asides.--In each fiscal year after fiscal year
1999, the Secretary shall set aside, for use in accordance with
this subsection, not more than 2 percent of the total amount
made available to carry out this section for such fiscal year. In
addition to amounts set aside under the preceding sentence, in
each fiscal year the Secretary may set from the total amount
made available to carry out this section for such fiscal year
not more than $20,000,000 for the Operation Safe Home program
administered by the Office of the Inspector General of the
Department of Housing and Urban Development, for law enforcement
efforts to combat violent crime on or near the premises of
public and federally assisted housing.
``(2) Use of funds.--Amounts set aside under paragraph (1)
shall be available to the Secretary for use for assistance, as
provided in paragraph (3), in connection with--
``(A) emergencies and other disasters; and
``(C) housing needs resulting from any settlement of
litigation; and
``(3) Eligible uses.--In carrying out this subsection, the
Secretary may use amounts set aside under this subsection to
provide--
``(A) assistance for any eligible use under the
Operating Fund or the Capital Fund established by this
section; or
``(B) tenant-based assistance in accordance with
section 8.
``(4) Limitation.--With respect to any fiscal year, the
Secretary may carry over not more than a total of $25,000,000 in
unobligated amounts set aside under this subsection for use in
connection with the activities described in paragraph (2) during
the succeeding fiscal year.
``(5) Publication.--The <<NOTE: Federal Register,
publication.>> Secretary shall publish the use of any amounts
allocated under this subsection relating to emergencies (other
than disasters and housing needs resulting from any settlement
of litigation) in the Federal Register.
``(l) Treatment of Nonrental Income.--A public housing agency that
receives income from nonrental sources (as determined by the Secretary)
may retain and use such amounts without any decrease in the amounts
received under this section from the Capital or Operating Fund. Any such
nonrental amounts retained shall be used only for low-income housing or
to benefit the residents assisted by the public housing agency.
``(m) Provision of Only Capital or Operating Assistance.--
``(1) Authority.--In appropriate circumstances, as
determined by the Secretary, a public housing agency may commit
capital assistance only, or operating assistance only, for
public housing units, which assistance shall be subject to all
of the requirements applicable to public housing except as
otherwise provided in this subsection.
``(2) Exemptions.--In the case of any public housing unit
assisted pursuant to the authority under paragraph (1), the
Secretary may, by regulation, reduce the period under subsection
(d)(3) or (e)(3), as applicable, during which such units must be
operated under requirements applicable to public housing. In
cases in which there is commitment of operating assistance but
no commitment of capital assistance, the Secretary may make
section 8 requirements applicable, as appropriate, by
regulation.
``(n) Treatment of Public Housing.--
``(1) Certain state and city funded housing.--
``(A) In general.--Notwithstanding any other
provision of this section--
``(i) for purposes of determining the
allocations from the Operating and Capital Funds
pursuant to the formulas under subsections (d)(2)
and (e)(2) and determining assistance pursuant to
section 519(e) of the Quality Housing and Work
Responsibility Act of 1998 and under section 9 or
14 of the United States Housing Act of 1937 (as in
effect before the date of the enactment of this
Act), for any period before the implementation of
such formulas, the Secretary shall deem any
covered locally developed public housing units as
public housing units developed under this title
and such units shall be eligible for such
assistance; and
``(ii) assistance provided under this section,
under such section 518(d)(3), or under such
section 9 or 14 to any public housing agency may
be used with respect to any covered locally
developed public housing units.
``(B) Covered units.--For purposes of this
paragraph, the term `covered locally developed public
housing units' means--
``(i) not more than 7,000 public housing units
developed pursuant to laws of the State of New
York and that received debt service and operating
subsidies pursuant to such laws; and
``(ii) not more than 5,000 dwelling units
developed pursuant to section 34 of chapter 121B
of the General Laws of the State of Massachusetts.
``(2) Reduction of asthma incidence.--Notwithstanding any
other provision of this section, the New York City Housing
Authority may, in its sole discretion, from amounts provided
from the Operating and Capital Funds, or from amounts provided
for public housing before amounts are made available from such
Funds, use not more than exceeding $500,000 per year for the
purpose of initiating, expanding or continuing a program for the
reduction of the incidence of asthma among residents. The
Secretary shall consult with the Administrator of the
Environmental Protection Agency and the Secretary of Health and
Human Services to identify and consider sources of funding for
the reduction of the incidence of asthma among recipients of
assistance under this title.
``(3) Services for elderly residents.--Notwithstanding any
other provision of this section, the New York City Housing
Authority may, in its sole discretion, from amounts provided
from the Operating and Capital Funds, or from amounts provided
for public housing before the amounts are made available from
such Funds, use not more than $600,000 per year for the purpose
of developing a comprehensive plan to address the need for
services for elderly residents. Such plan may be developed by a
partnership created by such Housing Authority and may include
the creation of a model project for assisted living at one or
more developments. The model project may provide for contracting
with private parties for the delivery of services.
``(4) Effective date.--This subsection shall apply to fiscal
year 1999 and each fiscal year thereafter.''.
(b) Allocation of Assistance.--Section 6 of the United States
Housing Act of 1937 (42 U.S.C. 1437d) is amended by striking subsection
(p).
(c) Conforming Amendments.--The United States Housing Act of 1937
(42 U.S.C. 1437 et seq.) is amended--
(1) in section 303(b)(10) (42 U.S.C. 1437aaa-2(b)(10)), by
striking ``under section 9'' the first place it appears and
inserting ``from the Operating Fund''; and
(2) in section 305(e) (42 U.S.C. 1437aaa-4(e)), by striking
``Operating subsidies'' and inserting ``Amounts from an
allocation from the Operating Fund''.
(d) Transitional <<NOTE: 42 USC 1437a note.>> Ceiling Rents.--
Notwithstanding section 3(a)(1) of the United States Housing Act of 1937
(42 U.S.C. 1437a(1)), during the period ending upon the later of the
implementation of the formulas established pursuant to subsections
(d)(2) and (e)(2) of such Act (as amended by this section) and October
1, 1999, a public housing agency may take any of the following actions
with respect to public housing:
(1) New provisions.--An agency may--
(A) adopt and apply ceiling rents that reflect the
reasonable market value of the housing, but that are not
less than--
(i) for housing other than housing
predominantly for elderly or disabled families (or
both), 75 percent of the monthly cost to operate
the housing of the agency;
(ii) for housing predominantly for elderly or
disabled families (or both), 100 percent of the
monthly cost to operate the housing of the agency;
and
(iii) the monthly cost to make a deposit to a
replacement reserve (in the sole discretion of the
public housing agency); and
(B) allow families to pay ceiling rents referred to
in subparagraph (A), unless, with respect to any family,
the ceiling rent established under this paragraph would
exceed the amount payable as rent by that family under
paragraph (1).
(2) Ceiling rents from balanced budget act, I.--An agency
may utilize the authority under section 3(a)(2) of the United
States Housing Act of 1937 (42 U.S.C. 1437a(a)(2)), as in effect
immediately before the enactment of this Act, notwithstanding
any amendment to such section made by this Act.
(3) Transitional ceiling rents for balanced budget act, I.--
An agency may utilize the authority with respect to ceiling
rents under section 402(b)(2) of The Balanced Budget Downpayment
Act, I (42 U.S.C. 1437a note), notwithstanding any other
provision of law (including the expiration of the applicability
of such section or the repeal of such section).
(e) Transitional <<NOTE: 42 USC 1437g note.>> Provision of
Assistance.--
(1) In general.--Subject to paragraph (2), before the
implementation of formulas pursuant to sections 9(d)(2) and
9(e)(2) of the United States Housing Act of 1937 (as amended by
subsection (a) of this section), the Secretary shall provide
that each public housing agency shall receive funding under
sections 9 and 14 of the United States Housing Act of 1937, as
those sections existed immediately before the enactment
of this Act (except that such sections shall be subject to any
amendments to such sections that may be contained in title II of
this Act).
(2) Qualifications.--Before the implementation of formulas
pursuant to sections 9(d)(2) and 9(e)(2) of the United States
Housing Act of 1937 (as amended by subsection (a) of this
section)--
(A) if a public housing agency establishes a rental
amount that is based on a ceiling rent established
pursuant to subsection (d)(1) of this section, the
Secretary shall take into account any reduction of the
per unit dwelling rental income of the public housing
agency resulting from the use of that rental amount in
calculating the contributions for the public housing
agency for the operation of the public housing under
section 9 of the United States Housing Act of 1937;
(B) if a public housing agency establishes a rental
amount that is based on an adjustment to income under
section 3(b)(5)(G) of the United States Housing Act of
1937 (as in effect immediately before the enactment of
this Act), the Secretary shall not take into account any
reduction of or any increase in the per unit dwelling
rental income of the public housing agency resulting
from the use of that rental amount in calculating the
contributions for the public housing agency for the
operation of the public housing under section 9 of the
United States Housing Act of 1937; and
(C) if a public housing agency establishes a rental
amount other than as provided under subparagraph (A) or
(B) that is less than the greatest of the amounts
determined under subparagraphs (A), (B), and (C) of
section 3(a)(1) of the United States Housing Act of
1937, the Secretary shall not take into account any
reduction of the per unit dwelling rental income of the
public housing agency resulting from the use of that
rental amount in calculating the contributions for the
public housing agency for the operation of the public
housing under section 9 of the United States Housing Act
of 1937.
(f ) Effective <<NOTE: 42 USC 1437g note.>> Date of Operating
Formula.--Notwithstanding the effective date under section 503(a), the
Secretary may extend the effective date of the formula under section
9(e)(2) of the United States Housing Act of 1937 (as amended by
subsection (a) of this section) for up to 6 months if such additional
time is necessary to implement such formula.
(g) Effective <<NOTE: 42 USC 1437g note.>> Date.--Subsections (d),
(e), and (f ) shall take effect upon the date of the enactment of this
Act.
| File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
| Author | H03810 Wanda J. Funk |
| File Modified | 0000-00-00 |
| File Created | 2023-09-07 |