HR 5818 RFS

110th CONGRESS

2d Session

H. R. 5818

IN THE SENATE OF THE UNITED STATES

May 12, 2008

Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs


AN ACT

To authorize the Secretary of Housing and Urban Development to make loans to States to acquire foreclosed housing and to make grants to States for related costs.

SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.

SEC. 2. CONGRESSIONAL PURPOSES.

SEC. 3. LOANS AND GRANTS TO STATES, METROPOLITAN CITIES, AND URBAN COUNTIES.

SEC. 4. QUALIFIED PLANS.

SEC. 5. ALLOCATION OF AMOUNTS.

SEC. 6. LOANS.

SEC. 7. GRANTS.

SEC. 8. ELIGIBLE HOUSING STIMULUS ACTIVITIES.

SEC. 9. SHARED APPRECIATION AGREEMENT.

SEC. 10. SPENDING REQUIREMENTS.

SEC. 11. SERVICER CONTACT.

SEC. 12. ACCOUNTABILITY.

SEC. 13. DEFINITIONS.

SEC. 14. FUNDING.

SEC. 15. PROTECTION OF RIGHT TO BEAR ARMS.

SEC. 16. INELIGIBLITY OF ILLEGAL ALIENS FOR ASSISTANCE.

SEC. 17. REGULATIONS AND IMPLEMENTATION.

Passed the House of Representatives May 8, 2008.

Attest:

LORRAINE C. MILLER,

Clerk.