42 U.S.C. § 1437q : US Code - Section 1437Q: Financing limitations

Search 42 U.S.C. § 1437q : US Code - Section 1437Q: Financing limitations

On and after October 1, 1983, the Secretary -
(1) may only enter into contracts for annual contributions
regarding obligations financing public housing projects
authorized by section 1437c(c) of this title if such obligations
are exempt from taxation under section 1437i(b) of this title, or
if such obligations are issued under section 1437b of this title
and such obligations are exempt from taxation; and
(2) may not enter into contracts for periodic payments to the
Federal Financing Bank to offset the costs to the Bank of
purchasing obligations (as described in the first sentence of
section 2294(b) of title 12) issued by local public housing
agencies for purposes of financing public housing projects
authorized by section 1437c(c) of this title.