Pub. L. 110-329, div. B, tit. I, ch. 10, sec. 11002

Sec. 11002. The Secretary of Housing and Urban Development (“Secretary”) is authorized to transfer, at the request of the project owner, any project-based assistance contract in its entirety entered into pursuant to section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f) (and any use restriction on the project) from one project to another project. The Secretary shall make a determination of approval or disapproval within 60 days of receipt of the proper documentation required for such transfer, as determined by the Secretary, if—(1) the project from which the contract is transferred is destroyed, damaged by Hurricanes Katrina or Rita, or is considered beyond repair, physically obsolete, or economically infeasible; and(2) the number of individuals that can be served in the project to which the contract is transferred is approximately at least equal to the number of individuals that could be served in the project from which the contract is transferred, and any difference in the unit count and bedroom configuration between the two projects shall be immaterial to the Secretary’s authority to transfer the contract.