increased federal aid for small communities; pooling grants-in-aid between projects

increased federal aid for small communities; pooling grants-in-aid between projects Sec. 301. (a) Section 103 (a) of the Housing Act of 1949 is amended by inserting “(1)” after “(a)”, by striking out the last two sentences, and by inserting at the end thereof the following: “(2) The aggregate of such capital grants with respect to all of the projects of a local public agency (or of two or more local public agencies in the same municipality) on which contracts for capital grants have been made under this title shall not exceed the total of— “(A) two-thirds of the aggregate net project costs of all such projects to which neither subparagraph (B) nor subparagraph (C) applies, and “(B) three-fourths of the aggregate net project costs of any of such projects which are located in a municipality having a population of fifty thousand or less (one hundred fifty thousand or less in the case of a municipality situated in an area which, at the time the contract or contracts involved are entered into or at such earlier time as the Administrator may specify in order to avoid hardship, is designated as a redevelopment area under the second sentence of section 5(a) of the Area Redevelopment Act) according to the most recent decennial census, and “(C) three-fourths of the aggregate net project costs of any of such projects (not falling within subparagraph (B)) which the Administrator, upon request, may approve on a three-fourths capital grant basis. “(3) A capital grant with respect to any individual project shall not exceed the difference between the net project cost and the local grants-in-aid actually made with respect to the project.” 75 Stat. 166 (b) Section 104 of such Act is amended by striking out the second sentence and inserting in lieu thereof the following: “Such local grants-in-aid, together with the local grants-in-aid to be provided in connection with all other projects of the local public agency (or two or more local public agencies in the same municipality) on which contracts for capital grants have theretofore been made, shall be at least equal to the total of one-third of the aggregate net project costs of such projects undertaken on a two-thirds capital grant basis and one-fourth of the aggregate net project costs of such projects undertaken on a three-fourths capital grant basis.” (c) The third and fourth sentences of section 110(e) of such Act are each amended by striking out “pursuant to the proviso in the second sentence of section 103(a)” and inserting in lieu thereof “pursuant to section 103(a)(2)(C)”.