transfer of section 8 authority

transfer of section 8 authority Sec. 208. Section 8 of the United States Housing Act of 1937e is amended by adding the following new subsection at the end: “(bb) Transfer of Budget Authority.— If an assistance contract under this section, other than a contract for tenant-based assistance, is terminated or is not renewed, or if the contract expires, the Secretary shall, in order to provide continued assistance to eligible families, including eligible families receiving the benefit of the project-based assistance at the time of the termination, transfer any budget authority remaining in the contract to another 110 STAT. 1321–285contract. The transfer shall be under such terms as the Secretary may prescribe.”.