! (e) The corporation shall conduct or require each grantee or ontractor to provide for an annual financial audit. The report of ach such audit shall be maintained for a period of at least five ears at the principal office of the corporation. AUTHORIZATION SEC. 608. [42 U.S.C. 8107] (a)(1) There are authorized to be ppropriated to the corporation to carry out this title $29,476,000 or fiscal year 1993 and $30,713,992 for fiscal year 1994. Not more han 15 percent of any amount appropriated under this paragraph or any fiscal year may be used for administrative expenses. (2) Of the amount appropriated pursuant to this subsection for ny fiscal year, amounts appropriated in excess of the amount necessary to continue existing services of the Neighborhood Reinvestnent Corporation in revitalizing declining neighborhoods shall be available (A) to expand the national neighborhood housing services network and to assist network capacity development, including expansion of rental housing resources; (B) to expand the loan purchase capacity of the national neighborhood housing services secondary market operated by Neighborhood Housing Services of America; (C) to make grants to provide incentives to extend low-income housing use in connection with properties subject to prepayment pursuant to the Low-Income Housing Preservation and Resident Ownership Act of 1990; (D) to increase the resources available to the national neighborhood housing services network programs for the purchase of multifamily and single-family properties owned by the Secretary of Housing and Urban Development for rehabilitation (if necessary) and sale to low- and moderate-income families; and (E) to provide matching capital grants, operating subsidies, and technical services to mutual housing associations for the development, acquisition, and rehabilitation of multifamily and single-family properties (including properties owned by the Secretary of Housing and Urban Development) to ensure affordability by low- and moderate-income families. (b) Funds appropriated pursuant to this section shall remain available until expended. (c) Non-Federal funds received by the corporation, and funds received by any recipient from a source other than the corporation, shall be accounted for and reported as receipts and disbursements separate and distinct from Federal funds. (d) The corporation shall prepare annually a business-type budget which shall be submitted to the Office of Management and Budget, under such rules and regulations as the President may establish as to the date of submission, the form and content, the classifications of data, and the manner in which such budget program shall be prepared and presented. The budget of the corporation as modified, amended, or revised by the President shall be transmitted to the Congress as a part of the annual budget required by NATIONAL URBAN POLICY EXCERPT FROM HOUSING AND URBAN DEVELOPMENT ACT OF 1970 [Public Law 91-609; 84 Stat. 1791; 42 U.S.C. 4501 et seq.] TITLE VII-NATIONAL URBAN POLICY AND NEW SHORT TITLE AND STATEMENT OF PURPOSE SEC. 701. [42 U.S.C. 4501 note] (a) This title may be cited as *National Urban Policy and New Community Development Act of 1970". (b) [42 U.S.C. 4501] It is the policy of the Congress and the purpose of this title to provide for the development of a national urban policy and to encourage the rational, orderly, efficient, and economic growth, development, and redevelopment of our States, metropolitan areas, cities, counties, towns, and communities in predominantly rural areas which demonstrate a special potential for accelerated growth; to encourage the prudent use and conservation of energy and our natural resources; and to encourage and support development which will assure our communities and their residents of adequate tax bases, community services, job opportunities, and good housing in well-balanced neighborhoods in socially, economically, and physically attractive living environments. PART A-DEVELOPMENT OF A NATIONAL URBAN POLICY FINDINGS AND DECLARATION OF POLICY SEC. 702. [42 U.S.C. 4502] (a) The Congress finds that rapid changes in patterns of urban settlement, including change in population distribution and economic bases of urban areas, have created an imbalance between the Nation's needs and resources and seriously threaten our physical and social environment, and the financial viability of our cities, and that the economic and social development of the Nation, the proper conservation of our energy and other natural resources, and the achievement of satisfactory living standards depend upon the sound, orderly, and more balanced development of all areas of the Nation. (b) The Congress further finds that Federal programs affect the location of population, economic growth, and the character of urban development; that such programs frequently conflict and result in undesirable and costly patterns of urban development and redevelopment which adversely affect the environment and wastefully use energy and other natural resources; and that existing and future programs must be interrelated and coordinated within a system of orderly development and established priorities consistent with a national urban policy. (c) To promote the general welfare and properly apply the sources of the Federal Government in strengthening the econom and social health of all areas of the Nation and more adequate protect the physical environment and conserve energy and othe natural resources, the Congress declares that the Federal Gover ment, consistent with the responsibilities of State and local gover ment and the private sector, must assume responsibility for the de velopment of a national urban policy which shall incorporate Soci economic, and other appropriate factors. Such policy shall serve a a guide in making specific decisions at the national level which fect the pattern of urban development and redevelopment and sha provide a framework for development of interstate, State, and lo urban policy. (d) The Congress further declares that the national urban p icy should (1) favor patterns of urbanization and economic develo ment and stabilization which offer a range of alternative loc tions and encourage the wise and balanced use of physical an human resources in metropolitan and urban regions as well a in smaller urban places which have a potential for accelerated growth; (2) foster the continued economic strength of all parts the United States, including central cities, suburbs, smalle communities, local neighborhoods, and rural areas; (3) encourage patterns of development and redevelopme which minimize disparities among States, regions, and citie (4) treat comprehensively the problems of poverty and em ployment (including the erosion of tax bases, and the need for better community services and job opportunities) which are as sociated with disorderly urbanization and rural decline; (5) develop means to encourage good housing for all Ameri cans without regard to race or creed; (6) refine the role of the Federal Government in revital izing existing communities and encouraging planned, largescale urban and new community development; (7) strengthen the capacity of general governmental insti tutions to contribute to balanced urban growth and stabilization; and (8) increase coordination among Federal programs that seek to promote job opportunities and skills, decent and afford able housing, public safety, access to health care, educational opportunities, and fiscal soundness for urban communities and their residents. NATIONAL URBAN POLICY REPORT SEC. 703. 142 U.S.C. 4503] (a) The President shall transmit to the Congress, not later than June 1, 1993, and not later than the first day of June of every odd-numbered year thereafter, a Report on National Urban Policy which shall contribute to the formulation of such a policy and in addition shall include (1) information, statistics, and significant trends relating to the pattern of urban development for the preceding two years; We ki (2) a summary of significant problems facing the United States as a result of urban trends and developments affecting the well-being of urban areas; (3) an examination of the housing and related community development problems experienced by cities undergoing a growth rate which equals or exceeds the national average; (4) an evaluation of the progress and the effectiveness of Federal efforts designed to meet such problems and to carry out the national urban policy; (5) an assessment of the policies and structure of existing and proposed interstate planning and developments affecting such policy; (6) a review of State, local, and private policies, plans, and programs relevent to such policy; (7) current and foreseeable needs in the areas served by policies, plans, and programs designed to carry out such policy, and the steps being taken to meet such needs; and (8)1 recommendations for programs and policies for carrying out such policy, including such legislation and administrative actions as may be deemed necessary and desirable. (b) The President may transmit from time to time to the Congress supplementary reports on urban growth which shall include such supplementary and revised recommendations as may be appropriate. (c) To assist in the preparation of the National Urban Policy Report and any supplementary reports, the President may establish an advisory board, or seek the advice from time to time of temporary advisory boards, the members of whom shall be drawn from among private citizens familiar with the problems of urban areas, and from among Federal officials, Governors of States, mayors, county officials, members of State and local legislative bodies, and others qualified to assist in the preparation of such reports. (d) REFERRAL.-The National Urban Policy Report shall, when transmitted to Congress, be referred in the Senate to the Committee on Banking, Housing, and Urban Affairs, and in the House of Representatives to the Committee on Banking, Finance and Urban Affairs. 2 1Section 921(2)(B) of the Housing and Community Development Act of 1992, Pub. L. 102-550, provides that this paragraph is amended "by striking ‘such' and all that follows through the end of the sentence and inserting legislative or administrative proposals (A) to promote coordination among Federal programs to assist urban areas; (C) to promote job opportunities in economically distressed urban areas and to en hance the job skills of residents of such areas; '(D) to generate decent and affordable housing; (E) to reduce racial tensions and to combat racial and ethnic violence in urban areas; (F) to combat urban drug abuse and drug-related crime and violence; (G) to promote the delivery of health care to low-income communities in urban areas; (H) to expand educational opportunities in urban areas; and (I) to achieve the goals of the national urban policy."". Because the word "such" appears in two places in this paragraph and the amendment does not specify which occurrence of the work to strike, the amendment could not be executed. 2Section 1(a) of Public Law 104-14, 109 Stat. 186, provides, in part, that "any reference in any provision of law enacted before January 4, 1995, to . the Committee on Banking, Finance and Urban Affairs of the House of Representatives shall be treated as referring to the Committee on Banking and Financial Services of the House of Representatives". 55-816 99-4 |