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B-171630.16 1 (1975-08-14)

handle is hein.gao/gaobacyww0001 and id is 1 raw text is: DIGEST - NO CIRCUIATION COMPTROLLER GENERAL OF THE UNITED STATES WASHINGTON, D.C. 20548 .171630. fAUG 14 AUG 1 i975 le Honorable Edward P. Boland, Chairman ibcommittee on HUD-Independent Agencies Appropriations atnmittee on Appropriations )use of Representatives ar Mr. Chairman: Your letter of July 25, 1975, requested our assistance in clarifying , proper accounting of new budget authority under annual contract thorities for certain housing programs in relation to the Congres- Dnal Budget Act of 1974, Pub. L. No.. 93-34fi 12, 1974), 88 Stat. 7. The housing programs in question are long-term subsidy programs der which the Department of Housing and Urban Development (HUD) authorized to enter intQ contracts providing for annual assistance yinpants for terms of up to 40 years. Your inquiry relates to the Jlusion of a provision for $662, 300, 000 in new annual contract hority in the HUD-Independent Agencies Appropriation Bill for cal year 1976, H. R. 8070, 94th Cong., and the treatment of this jount in the annual HUD budget. As discussed with members of the )comittee staff, the instant letter analyzes several legal issues icerning treatment of the new contract authority. We will respond ,arately to additional questions which have been raised with respect this matter. H. R. 8070 has been passed in different form by the House and Senate, I is now awaiting conference action. Title I of the bill (July 26, 1975), 2-3, provides for purposes here relevant: ANNUAIL CONTRIBUTIONS FOR ASSISTED. HOUSING The additional amount of contracts for annual contribu- tions, not otherwise provided for, as authorized by section 5 of the United States Housing Act of 1937, as amended (42 U. S. C. 1437c), entered into after June 30, 1975, shall not exceed $662, 300, 000, which amount shall be in addition to balances of authorization heretofore made available for such contracts ** * far the largest share of this will be used for the so-called Sectiqn 8 rer-Income Housing Assistance Program (42 U. S. C. S 1437f). MINNOW*

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