AUTHORIZATION OF APPROPRIATIONS.

SEC. 301. AUTHORIZATION OF APPROPRIATIONS.Section 234 of the Housing and Community Development Act of 1987 (12 U.S.C. 4124) is amended to read as follows: “SEC. 234. AUTHORIZATION OF APPROPRIATIONS. “(a) In General.—There are authorized to be appropriated for assistance and incentives authorized under this subtitle 106 STAT. 3763$638,252,784 for fiscal year 1993 and $665,059,401 for fiscal year 1994. “(b) Grants.—Subject to approval in appropriation Acts, not more than $50,000,000 of the amounts made available under sub-section (a) for fiscal year 1993, and not more than $50,000,000 of the amounts made available under subsection (a) for fiscal year 1994, shall be available for grants under section 221(d)(2).”.