CIVIL MONEY PENALTIES FOR NONCOMPLIANCE WITH SECTION 8 HAP CONTRACTS.

SEC. 562. CIVIL MONEY PENALTIES FOR NONCOMPLIANCE WITH SECTION 8 HAP CONTRACTS. (a) Basic Authority.—Title I of the United States Housing Act of 1937 (42 U.S.C. 1437 et seq.) is amended— * * * * * * * (b) [42 U.S.C. 1437z–1 note] Applicability.—The amendments made by subsection (a) shall apply only with respect to— (1) violations that occur on or after the effective date of final regulations implementing the amendments made by this section; and (2) in the case of a continuing violation (as determined by the Secretary of Housing and Urban Development), any portion of a violation that occurs on or after such date. (c) [42 U.S.C. 1437z–1 note] Implementation.— (1) Regulations.— (A) In general.—The Secretary shall implement the amendments made by this section by regulation issued after notice and opportunity for public comment. (B) Comments sought.—The notice under subparagraph (A) shall seek comments as to the definitions of the terms “ownership interest in” and “effective control”, as such terms are used in the definition of the term “agent employed to manage such property that has an identity of interest”. (2) Timing.—A proposed rule implementing the amendments made by this section shall be published not later than 1 year after the date of enactment of this Act.