Pub. L. 102-550, tit. VIII, subtit. A, sec. 804

RETENTION OF PROGRAM INCOME.

EnactedYear: 1992Length: 98 wordsOfficial source
SEC. 804. RETENTION OF PROGRAM INCOME.The first sentence of section 104(j) of the Housing and Community Development Act of 1974 (42 U.S.C. 5304(i)) is amended— (1) by striking “while the unit of general local government is participating in a community development program under this title”; and 106 STAT. 3846 (2) by inserting before the period at the end the following: “; except that the Secretary may, by regulation, exclude from consideration as program income any amounts determined to be so small that compliance with this subsection creates an unreasonable administrative burden on the unit of general local government”.
Pub. L. 102-550, tit. VIII, subtit. A, sec. 804: RETENTION OF PROGRAM INCOME. | Justis AI