110 HR 6347 IH: HOPE VI Amendment Act of U.S. House of Representatives 2008-06-23 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 2d Session H. R. 6347 IN THE HOUSE OF REPRESENTATIVES June 23, 2008 Ms. Corrine Brown of Florida (for herself, Mr. Mica, and Mr. Gonzalez) introduced the following bill; which was referred to the Committee on Financial Services A BILL To facilitate the use of HOPE VI grant amounts by certain public housing agencies that have suffered project delays due to catastrophes or emergencies.

1.

Short title

This Act may be cited as the HOPE VI Amendment Act of 2008.

2.

Continued availability of HOPE VI grant amounts

(a)

In general

Grant amounts described in subsection (b) of a public housing agency described in subsection (c) shall remain available until September 30, 2009, for expenditure for the liquidation of obligations validly incurred, notwithstanding section 1552 of title 31, United States Code, or any other provision of law. (b)

Covered grant amounts

Grant amounts described in this subsection are amounts from a grant made under section 24 of the United States Housing Act of 1937 (42 U.S.C. 1437v) from amounts appropriated for such purpose for fiscal year 2002. (c)

Covered public housing agencies

A public housing agency described in this subsection is a public housing agency that, after October 1, 2002, and before the date of the enactment of this Act, has suffered project delays, and cost increases due to shortages in labor and materials, as a direct result of— (1)a natural catastrophe (including any hurricane, tornado, storm, high water, winddriven water, tidal wave, tsunami, earthquake, volcanic eruption, landslide, mudslide, snowstorm, or drought), or, regardless of cause, any fire, flood, or explosion, in any part of the United States; or (2)as determined by the Secretary of Housing and Urban Development, the subprime mortgage crisis affecting the United States economy and credit markets during 2007 and 2008.