Summary

Consolidated Omnibus Budget Reconciliation Act of 1985…

LAND DEVELOPMENT INSURANCE .-Section 1002 (a) of the National Housing Act is amended by striking out "December 15, 1985" in the last sentence and inserting in lieu thereof "March 17, 1986" .
(j) GROUP PRACTICE FACILITIES INSURANCE .-Section 1101 (a) of the National Housing Act is amended by striking out "December 15, 1985" in the last sentence and inserting in lieu thereof "March 17, 1986" .
Sec. 3008. Extension of Rehabilitation Loan Authority. Section 312 (h) of the Housing Act of 1964 is amended- (1) by striking out "December 15, 1985" and inserting in lieu thereof "March 17, 1986"
Source: Wikisource

Consolidated Omnibus Budget Reconciliation Act of 1985…

Any amount of budget authority (and contract authority) that becomes available during any fiscal year as a result of the forgiveness of any loan, note, or obligation under this subsection shall be rescinded.".
Sec. 3005. Rural Housing Authorizations. Subsection (a) (1) of section 513 of the Housing Act of 1949 is amended to read as follows: " (a) (1) The Secretary may insure and guarantee loans under this title during fiscal year 1986 in an aggregate amount not to exceed $2,146,600,000, of which-
" (A) $1,209,600,000 shall be for loans under section 502
Source: Wikisource

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