loan guarantees and interest subsidies

loan guarantees and interest subsidies Sec. 306. (a) Subsections (a) and (b) of section 729 are each amended by striking out “September 30, 1977” and inserting in lieu thereof “September 30, 1980”. (b) The second sentence of section 729(e) is amended by striking out “and” after “June 30, 1973,” and by striking out the period at the end thereof and inserting in lieu thereof a comma and the following: “$2,000,000 in the fiscal year ending September 30, 1978, $3,000,000 in the fiscal year ending September 30, 1979, and $3,000,000 in the fiscal year ending September 30, 1980.”. (c) The third sentence of section 729(a) is amended to read as follows: “No such loan guarantee may, except under special circumstances and under such conditions as are prescribed by regulations, apply to any amount which, when added to any grant under this part or any other law of the United States, exceeds 90 percent of the cost, of the construction of the project.”. (d) Subsections (a) and (b) of section 729 are each amended by inserting “or the Federal Financing Bank” after “non-Federal lender”.