Sec. 40402. Capital Fund amounts for large public housing agencies
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/bill/116/hr/8352/ih/section-40402·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to any amounts authorized to be appropriated for formula grants to public housing agencies from the Capital Fund pursuant to section 9(d)(2) of the United States Housing Act of 1937 ( 42 U.S.C. 1437g(d)(2) ), there is authorized to be appropriated $4,000,000,000 for each of fiscal years 2022 through 2026 for the Public Housing Capital Fund Program under section 9(d) of the United States Housing Act of 1937 ( 42 U.S.C. 1437g(b) ). Any amounts appropriated pursuant to this section shall be used by the Secretary of Housing and Urban Development only for grants to public housing agencies that own or administer more than 10,000 public housing dwelling units.
Funds from grants made with amounts appropriated pursuant to this section may be used only for eligible capital activities under section 9(d)(1) of the United States Housing Act of 1937 ( 42 U.S.C. 1437g(d)(1) ). Section 9(g)(3) of such Act shall not apply to any such grant funds.
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Sec. 40402
Capital Fund amounts for large public housing agencies
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