[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2426 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2426

To amend the Housing and Community Development Act of 1974 to prohibit 
   the Secretary of Housing and Urban Development from recapturing, 
 adjusting, withdrawing, or reducing any UDAG funds from recipients of 
                  UDAG grants, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

              August 25 (legislative day, August 18), 1994

 Mr. Lautenberg (for himself Mr. Leahy, Mr. D'Amato, and Mr. Wofford) 
introduced the following bill; which was read twice and referred to the 
            Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
To amend the Housing and Community Development Act of 1974 to prohibit 
   the Secretary of Housing and Urban Development from recapturing, 
 adjusting, withdrawing, or reducing any UDAG funds from recipients of 
                  UDAG grants, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. UDAG RECAPTURES.

    (a) In General.--Section 119(g) of the Housing and Community 
Development Act of 1974 (42 U.S.C. 5318(g)) is amended by striking the 
second sentence and inserting the following: ``Except as provided in 
section 232(c) of the Multifamily Housing Property Disposition Reform 
Act of 1994, during the 18-month period beginning on the date on which 
the UDAG Retention Program authorized by such section expires, the 
Secretary shall be prohibited from recapturing, adjusting, withdrawing, 
or reducing any UDAG funds from recipients of UDAG grants. For the 
duration of the UDAG Retention Program, the Secretary--
            ``(1) shall provide technical assistance to grant 
        recipients to adjust, rework, relocate, refine, redefine, or 
        otherwise revise the original UDAG project description to 
        produce a viable UDAG project in accordance with the 
        requirements of this section; and
            ``(2) shall not impose regulatory requirements that are not 
        statutorily based if such requirements restrict the revision or 
        use of UDAG funding, including any requirement that amendments 
        to an urban development action grant agreement must be for 
        activities that are `integrally related activities' in relation 
        to the approved project.''.
    (b) Extension of Time Period.--Section 119(t) of the Housing and 
Community Development Act of 1974 (42 U.S.C. 5318(t)) is amended by 
striking ``90 days'' each place it appears and inserting ``21 months''.
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