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PAD-83-15 1 (1983-01-21)

handle is hein.gao/gaobabmul0001 and id is 1 raw text is: PROGRAM DIVIf \a UNITED STATES GENERAL ACCOUNTING OFFICE / WASa-(INGTON, D C. 20548 1113 ANALYSIS SION '-206668 JANUARY 21. 1983 The Honorable Jake Garn Chairman, Subcommittee on HUD-Independent Agencies Committee on Appropriations United States Senate The Honoraole Walter D. Huddleston 111'IIUIIIiii Ranking Minority Member, Subcommittee on HUD-Independent Agencies 120435 Committee on Appropriations United States Senate Subject: The.Department of Housinq and Urban Development's ' I Compliance With Continuing Resolution Provision For Using the Full Amounts of Enacted Loan Guarantee Limitations (GAO/PAD-83-15) This letter is in response to your January 26, 1982, request for the General Accounting Office to closely monitor compliance with Section 136 of P.L. 97-92, the third continuing resolution for fiscal year 1982. Section 136 provided that subject only to tie absence of qualified applicants . . . the head of each de- partment or agency . . . shall enter into commitments to guarantee or insure in the full amounts provided for in this Joint resolution or other applicable law. To assess the Administration's compliance, we reviewed the Department of gousing and Urban Development's (HUD) response to the resolution because of the magnitude of HUD's loan Guarantee programs within your Committee's purview. In particular, we reviewed the Federal qousing Administration (FHA), Government National Mortgaae Association (GNMA), and Section 108 loan guarantee programs, as noted in your request. Our opinion is that HUD has complied with Section 136 of D.L. 97-92, the third continuinq resolution. This opinion is orimari!v supported by two different actions that occurred subse- auent to the passage of the continuing resolution. The first action to occur (6 days after passage) was a memorandum by the HUD General Counsel advising the Department's Office of Budget to request OMB annortionments sufficient to operate the Section 108 and GNMA loan guarantee programs in accordance witn tie program levels _nalcated in the third continuing resolution or, icon its cema sqred into law, Io.?. 03s. 974626)

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