TREATMENT OF CERTAIN PUBLIC HOUSING DEVELOPMENT FUNDS.

SEC. 124. TREATMENT OF CERTAIN PUBLIC HOUSING DEVELOPMENT FUNDS. (a) Forgiveness of Certain Interest.— Notwithstanding any other provision of law or other requirement, any interest accruing on any excess funds advanced to the Housing Authority of the City of Pittsburgh, in the State of Pennsylvania, for development of the public housing project numbered PA–1–22 shall be forgiven, and any such interest paid to the Secretary of Housing and Urban Development before the date of the enactment of this Act shall be returned to such City. (b) Forgiveness of Certain Payments.— Notwithstanding any other provision of law or other requirement, the Secretary of Housing and Urban Development may not require the Bay City Housing Commission in the State of Michigan to pay any amount relating to ineligible costs incurred with respect to the public housing development grant numbered Michigan 24–7, awarded in 1974, under the United States Housing Act of 1937. (c) Subject to Appropriations.— This section shall be effective only to the extent approved in appropriation Acts.