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Code · STATUTE-COMPILATIONS · Multifamily Mortgage Foreclosure Act of 1981 · Sec. 674

Sec. 674. AUTHORIZATION OF APPROPRIATIONS

206 words·~1 min read·/statute-compilations/comps-10576/sec-674

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## SEC. 674 AUTHORIZATION OF APPROPRIATIONS ###
(a)In General There are authorized to be appropriated such sums as may be necessary for each of fiscal years 1999 through 2003 to carry out the provisions of this subtitle (other than sections 681 and 682). ###
(b)Reservations Of the amounts appropriated under subsection
(a)for each fiscal year, the Secretary shall reserve— ####
(1)½ of 1 percent for carrying out section 675A (relating to payments for territories); ####
(2)1½ percent for activities authorized in sections 678A through 678F, of which— #####
(A)not less than ½ of the amount reserved by the Secretary under this paragraph shall be distributed directly to eligible entities, organizations, or associations described in section 678A(c)(2) for the purpose of carrying out activities described in section 678A(c); and #####
(B)½ of the remainder of the amount reserved by the Secretary under this paragraph shall be used by the Secretary to carry out evaluation and to assist States in carrying out corrective action activities and monitoring (to correct programmatic deficiencies of eligible entities), as described in sections 678B(c) and 678A; and ####
(3)9 percent for carrying out section 680 (relating to discretionary activities) and section 678E(b)(2). **[**[42 U.S.C. 9903](/us/usc/t42/s9903)**]**
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Sec. 674
AUTHORIZATION OF APPROPRIATIONS
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