[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5872 Referred in Senate (RFS)]

111th CONGRESS
  2d Session
                                H. R. 5872


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                   IN THE SENATE OF THE UNITED STATES

                             July 29, 2010

                                Received

                             August 2, 2010

Read twice and referred to the Committee on Banking, Housing, and Urban 
                                Affairs

_______________________________________________________________________

                                 AN ACT


 
   To provide adequate commitment authority for fiscal year 2010 for 
 guaranteed loans that are obligations of the General and Special Risk 
  Insurance Funds of the Department of Housing and Urban Development.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``General and Special Risk Insurance 
Funds Availability Act of 2010''.

SEC. 2. ADEQUATE COMMITMENT AUTHORITY.

    Notwithstanding any other provision of law, for fiscal year 2010 
the Secretary of Housing and Urban Development may enter into 
commitments to guarantee loans, as authorized by sections 238 and 519 
of the National Housing Act (12 U.S.C. 1715z-3 and 1735c), in an amount 
not exceeding $20,000,000,000 in total loan principal, any part of 
which is to be guaranteed.

SEC. 3. BUDGETARY EFFECTS.

    The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the House Budget Committee, provided that 
such statement has been submitted prior to the vote on passage.

            Passed the House of Representatives July 28, 2010.

            Attest:

                                            LORRAINE C. MILLER,

                                                                 Clerk.