[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3963 Introduced in House (IH)]







107th CONGRESS
  2d Session
                                H. R. 3963

To repeal limitations under the Home Investment Partnerships Act on the 
    percentage of the operating budget of an organization receiving 
      assistance under such Act that may be funded under such Act.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 13, 2002

 Mr. Reynolds introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 A BILL


 
To repeal limitations under the Home Investment Partnerships Act on the 
    percentage of the operating budget of an organization receiving 
      assistance under such Act that may be funded under such Act.

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

SECTION 1. REPEAL OF LIMITATIONS ON HOME PROGRAM ASSISTANCE AS 
              PERCENTAGE OF OPERATING BUDGET.

    (a) Housing Education and Organizational Support.--Section 233(d) 
of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 
12773(d)) is amended--
            (1) by striking ``may not--'' and all that follows through 
        ``(1)'' and inserting ``may not''; and
            (2) by striking ``; or'' at the end of paragraph (1) and 
        all that follows through the end of paragraph (2) and inserting 
        a period.
    (b) Other Support for State and Local Housing Strategies.--The 
first sentence of section 243(b) of the Cranston-Gonzalez National 
Affordable Housing Act (42 U.S.C. 12783(b)) is amended by striking 
``and shall provide not more than 20 percent of the operating budget of 
the contracting organization in any one year''.
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