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301 records in 1973

Records

Bill· HRH.R. 3727 (93rd)referred

A bill to provide that compensation received by an individual from the Veterans' Administration for service-connected disability shall not be taken into account as income so as to prevent his occupance of Government-sponsored housing (or so as to increase the rent which he would otherwise be required to pay).

United States · United States Congress · 5 February 1973

Provides that compensation received by an individual from the Veterans' Administration for service-connected disability shall not be taken into account as income so as to prevent his occupancy of Government-sponsored housing (or so as to increase the rent which he would otherwise be required to pay).

Bill· HRH.R. 3691 (93rd)referred

Federal Rent Stabilization Act

United States · United States Congress · 5 February 1973

Federal Rent Stabilization Act - Provides that with respect to any lease of or implied contract for occupancy of a residence in a low vacancy State (having a rental vacancy rate of lower than 6.5 percent entered into during an applicable period, no person may charge a monthly rent which exceeds the highest monthly rent previously charged for the same residence plus: (1) 2.5 percent thereof annually; and (2) the amount of any increase in State or local taxes. Limits the rent for residences not leased during the preceding 48 month period to the fair market rental value of the residence. Requires the crediting on a prorated basis against future rent payment of the amount of rent in excess of the prescribed limits charged to a lessor after January 11, 1973. Stipulates that nothing in this Act shall be construed to invalidate the provisions of any State or local rent control laws or regulations except to the extent that they operate to permit to be charged a monthly rent in excess of that permitted by this Act. Permits the President to grant exceptions upon application where the operation of this Act would cause serious financial hardship to a lessor. Prohibits any retaliatory action against any person who exercises any rights conferred upon him by this Act.

Bill· HRH.R. 3663 (93rd)referred

Small Communities Planning, Development, and Training Act

United States · United States Congress · 5 February 1973

Small Communities Planning, Development, and Training Act - Title I: Community Development Bank - Creates an independent agency known as the Community Development Bank with a board of directors of 14 persons, one of whom shall be the President of the bank. Provides that the President, by and with the advice and consent of the Senate, shall appoint the President of the bank and the directors, no more than three of whom shall be officers or employees of the United States and at least seven of whom shall be identified with or representatives of State or local government. Provides that the president of the bank shall serve at the pleasure of the President. Authorizes the appropriation of $1,000,000 to the Secretary of Housing and Urban Development to pay the initial organizing and operating expenses of the bank. Authorizes the bank to make commitments to purchase, and to purchase, service, or sell on terms and conditions determined by the bank, any obligation of a State or local government which is not exempt from Federal taxation. Makes similar provision for the purchase of evidences of indebtedness making loans to any private nonprofit organization or association representing a community under applicable State or local law. Permits purchases or loans to be made only for the purpose of financing capital expenditures. Provides that priority shall be given to small communities. Limits obligations or loans to 40 year maturities bearing interest at a rate not less than 2/3 of the current average yield or outstanding obligations of the bank for the month preceding the date on which the loan or purchase is made. Authorizes the bank to issue obligations totaling $5,000,000,000 initially with an additional $5,000,000,000 on July 1, 1973, and another $5,000,000,000 on July 1, 1974. Authorizes the Secretary of the Treasury to purchase obligations of the bank by utilizing proceeds of the sale of securities under the Second Liberty Bank Act. Provides that receipts and disbursements of the banks shall be exempt from any annual expenditure and net lending limitations imposed on the budget. Provides for annual reports from the President to the Congress on program and administrative activities of the bank. Authorizes the Secretary of Housing and Urban Development to make payments to the bank to cover the difference between interest paid and interest received on bank obligations. Authorizes the appropriation of necessary funds for this purpose. Sets forth the powers of the bank including the power to sue or be sued and the power to issue bylaws rules and regulations and to adopt a corporate seal. Authorizes the bank to provide technical assistance to State and local governments in preparing and implementing comprehensive development projects and programs. Permits the charging of fees for such services. Provides for an audit of the bank by the General Accounting Office. Provides that the real and tangible personal property of the bank shall be subject to ad valorem taxes and that the principal and interest of all obligations of the bank shall be taxed to the same extent as the obligations of private corporations. Makes the bank otherwise tax exempt. Makes the obligations of the bank lawful investments which may be accepted as security and exempts such obligations from the laws administered by the Securities and Exchange Commission. Title II: Public Facility Loan Program Amendments - Authorizes the Secretary of Housing and Urban Development, as an alternative to existing programs of assistance, to guarantee the bonds and other obligations of political subdivisions or instrumentalities of the States which are not exempt from Federal taxation. Permits annual grants equal to 40 percent of the annual interest on such obligations. Pledges the full faith and credit of the United States to the payment of such guarantees. Authorizes the Secretary to take such steps as he considers reasonable to assure that obligations guaranteed under this section will: (1) be issued to investors approved by, or meeting requirements prescribed by, the Secretary, or if an offering to the public is contemplated, be underwritten upon terms and conditions approved by the Secretary; (2) bear interest at a rate satisfactory to the Secretary; (3) contain or be subject to repayment, maturity, and other provisions satisfactory to the Secretary; and (4) contain or be subject to provisions with respect to the protection of the security interests of the United States, including any provisions deemed appropriate by the Secretary relating to subrogation, liens, and releases of liens, payment of taxes, cost certification procedures, escrow or trusteeship requirements or other matters. Authorizes the Secretary to establish a separate revolving fund to provide for: (A) the timely payment of any liabilities incurred as the result of guarantees or grants; (B) the payment of obligations issued to the Secretary of the Treasury; and (C) any other program expenditures under this section, including administrative and nonadministrative expenses. Provides that such revolving fund shall be comprised of: (A) receipts from fees and charges; (B) recoveries under security, subrogation, and other rights; (C) any other receipts obtained in connection with guarantees made under this section; (D) proceeds of the obligations issued to the Secretary of the Treasury; and (E) such sums as are authorized to be appropriated. Authorizes the Secretary to issue obligations to the Secretary of the Treasury, who is authorized to purchase such obligations, for the purpose of carrying out the above functions. Limits outstanding principal obligations to $200,000,000. Title III: Community Development Block Grants - Makes it the purpose of the title to further the development of a national growth policy by consolidating a number of complex and overlapping programs of financial assistance to communities of varying sizes and needs into a single, consistent system of Federal aid which: (1) is funded in advance on a regular basis upon which communities can rely in their planning; (2) can provide assistance on an annual basis with maximum certainty and efficiency and minimum delay; (3) encourages community development activities which are consistent with comprehensive local and areawide development planning; and (4) furthers the achievement of the national housing goal of a decent home and a suitable living environment for every American family. Authorizes the Secretary to make annual grants to units of general local government to help finance approved Community Development Programs. Limits such grants to 90 percent of the cost of the program. Sets forth the requirements for eligibility for such grants. Provides that a Community Development Program assisted under this title may include: (1) the acquisition of real property (including air rights, water rights, and other interests therein) which is: (A) blighted, deteriorated, deteriorating, undeveloped, or inappropriately developed from the standpoint of sound community development and growth; (B) necessary for the preservation or restoration of historic sites, the beautification of land, the conservation of open spaces, natural resources, and scenic areas, the provision of recreational opportunities, or the guidance of development; (C) to be used for the provision of public works, facilities, and improvements eligible for assistance under this title; or (D) to be used for other public purposes; (2) the acquisition, construction, reconstruction, or installation of public works, facilities, and site or other improvements-including water and sewer facilities, neighborhood facilities, historic properties, utilities, streets, street lights, foundations and platforms for air right sites, pedestrian malls and walkways, parks, and playgrounds; (3) code enforcement in deteriorated or deteriorating areas in which such enforcement, together with those public improvements to be provided, may be expected to arrest the decline of the area; (4) clearance, demolition, removal, and rehabilitation of buildings and improvements (including financing of the rehabilitation of privately owned properties); (5) payments to housing owners for losses of rental income incurred in holding for temporary periods housing units to be utilized for the relocations of individuals and families displaced by program activities; (6) disposition (through sale, lease, donation, or otherwise) of any real property acquired pursuant to this title or its retention for public purposes; (7) provision of health, social, and similar services where the Secretary deems it necessary to properly support other approved community development activities; and (8) such other projects or activities assisted under a Federal grant-in-aid program as the Secretary approves as part of a community development program. Authorizes the Secretary to make grant agreements for metropolitan areas in amounts aggregating not more than $7,500,000,000. Authorizes the appropriation of $2,000,000,000 prior to July 1, 1973, to liquidate the obligations so incurred. Increases this amount to $4,500,000,000 prior to July 1, 1974 and to $7,500,000,000 thereafter. Authorizes the appropriation of $5,000,000,000 for each of fiscal years 1973, 1974, and 1975 for grants to States and units of general local government outside metropolitan areas. Provides that distributions to metropolitan areas shall be based on a formula of population, poverty, and overcrowding. Provides that distributions to cities within each metropolitan area shall be based on the same formula. Provides that in making distributions to States and local governments in nonmetropolitan areas the Secretary shall consider plans and ideas for community development programs as well as such factors as population, amount of poverty, overcrowding, and housing deficiencies and other social and fiscal conditions. Title IV: National Community Affairs Institute - Directs the Secretary to establish a National Community Affair Institute which shall have as its purpose the development and revitalization of small communities. Provides that the Institute shall be headed by a board of directors which shall be chaired by the Librarian of Congress. Title V: Fellowships for Small Community Planning and Development - Authorizes the Secretary to provide fellowships for graduate training of professional technicians and specialists in the field of small community planning and development.

Bill· HRH.R. 3629 (93rd)referred

A bill to amend section 832(e) of the Internal Revenue Code of 1954.

United States · United States Congress · 5 February 1973

Provides that in the case of any taxable year beginning after December 31, 1969, the provision of the Internal Revenue Code allowing a special deduction and income account shall also apply in all respects to a company which writes lease guaranty insurance on governmental obligations the interest on which is excludable from gross income. (Adds 26 U.S.C. 832 (e)(6))

Bill· HRH.R. 3625 (93rd)referred

A bill to amend the Disaster Relief Act of 1970 with respect to eligibility for relocation assistance.

United States · United States Congress · 5 February 1973

States that, notwithstanding any other provision of law, no person otherwise eligible for any kind of replacement housing payments under the Uniform Relocation Assistance and Real Property Acquisition policies Act of 1970 shall be denied such eligiblity as a result of his being unable, because of major or natural disaster as determined by the President, the Secretary of Agriculture, or the Administration of the Small Business Administration to meet the occupancy requirements set by such Act. (Amends 42 U.S.C. 4484)

Bill· HRH.R. 3632 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction for expenses incurred by a taxpayer in making repairs and improvements in owner-occupied residential property and to eliminate the property depreciation allowances for certain nonowner occupied rental property.

United States · United States Congress · 5 February 1973

Allows a deductuon under the Internal Revenue Code of up to $1000 for expenses incurred by a taxpayer in making repairs and improvements in owner-occupied residential property. Eliminates the property depreciation allowance for nonowner occupied rental property if such property is maintained in violation of Federal, State, county or municipal housing codes or regulations and if the owner is convicted by an appropriate authority of violating such codes or regulations. (Amends 26 U.S.C. 218, 167(c))

Bill· HRH.R. 3603 (93rd)referred

A bill to amend section 219 of the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 to provide that certain persons displaced prior to January 2, 1971, by the Kaw Lake project of the Army Corps of Engineers may receive assistance under sections 202, 203, and 204 of such act.

United States · United States Congress · 5 February 1973

Provides that persons displaced prior to January 2, 1971, by the Kaw Lake project of the Army Corps of Engineers (located in Osage and Kaw Counties, Oklahoma, and Cowley County, Kansas) may receive assistance under the Uniform Relocation Assistance and Real Property Acquisition Policies Act 1970. (Adds 42 U.S.C. 4639 (b))

Bill· HRH.R. 3498 (93rd)referred

A bill to amend title VII of the Housing Act of 1961 to establish an Urban Parkland Heritage Corporation to provide funds for the acquisition and operation of open-space land, and for other purposes.

United States · United States Congress · 31 January 1973

States that it is the purpose of this Act to: (1) help control urban sprawl; (2) prevent the spread of urban plight and deterioration; (3) encourage more economic, environmentally sound urban development; (4) assist in preserving areas and properties of historic or architectural value; and (5) help provide necessary recreational, conservation, and scenic areas. Establishes the Urban Parkland Heritage Corporation as an independent establishment in the executive branch to carry out the provisions of this Act. Provides that the Corporation shall be subject to the direction and supervision of a Board of Directors. Specifies the membership of the Board. States that all grants and loans made by the Corporation shall be approved by the Board which shall meet no less than four times annually. Authorizes the Corporation to make loans and grants to States and local public bodies to help finance the acquisition and development of open-space land in urban areas. States that the amount of any such grant shall not exceed 75 percent of the eligible project cost, as approved by the Corporation. Raises the amount of such grant to 90 percent if the State or local public body could not otherwise reasonably meet its need for open-space lands. Provides that the amount of any loan granted under this Act may not exceed 50 percent of the eligible project cost. Authorizes the Corporation to make grants for the operation and maintenance of open-space or other land in urban areas for open-space uses for the first four fiscal years of the operation of such lands. Provides that the initial grant shall not exceed 75 percent of the eligible cost and shall decrease to 30 percent of such costs over the four year period. Provides that the Corporation shall consult with appropriate agencies and officers of the Federal Government to establish and operate a program to provide technical assistance, upon request, to States and local public bodies. States that no grant or loan shall be made to any State or local public body in any fiscal year unless the State or local public body makes assurances to the Corporation that the amount available for expenditure from non-Federal sources for the acquisition and development of open-space land in that fiscal year will not be less than the amount expended for such purposes from non-Federal sources during the preceding fiscal year. Authorizes the Corporation to incur obligations on behalf of the United States in amounts aggregating $5,000,000,000 to finance grants and loans under this Act. Authorizes to be appropriated for the liquidation of the obligations incurred under this Act not to exceed $1,000,000,000 prior to July 1, 1974, not to exceed an aggregate of $2,000,000,000 prior to July 1, 1975, not to exceed an aggregate of $3,000,000,000 prior to July 1, 1976, not to exceed an aggregate of $4,000,000,000 prior to July 1, 1977, and not to exceed an aggregate of $5,000,000,000 prior to July 1, 1978.

Bill· HRH.R. 3497 (93rd)referred

A bill to amend title VII of the Housing Act of 1961 to establish an Urban Parkland Heritage Corporation to provide funds for the acquisition and operation of open-space land, and for other purposes.

United States · United States Congress · 31 January 1973

States that it is the purpose of this Act to: (1) help control urban sprawl; (2) prevent the spread of urban plight and deterioration; (3) encourage more economic, environmentally sound urban development; (4) assist in preserving areas and properties of historic or architectural value; and (5) help provide necessary recreational, conservation, and scenic areas. Establishes the Urban Parkland Heritage Corporation as an independent establishment in the executive branch to carry out the provisions of this Act. Provides that the Corporation shall be subject to the direction and supervision of a Board of Directors. Specifies the membership of the Board. States that all grants and loans made by the Corporation shall be approved by the Board which shall meet no less than four times annually. Authorizes the Corporation to make loans and grants to States and local public bodies to help finance the acquisition and development of open-space land in urban areas. States that the amount of any such grant shall not exceed 75 percent of the eligible project cost, as approved by the Corporation. Raises the amount of such grant to 90 percent if the State or local public body could not otherwise reasonably meet its need for open-space lands. Provides that the amount of any loan granted under this Act may not exceed 50 percent of the eligible project cost. Authorizes the Corporation to make grants for the operation and maintenance of open-space or other land in urban areas for open-space uses for the first four fiscal years of the operation of such lands. Provides that the initial grant shall not exceed 75 percent of the eligible cost and shall decrease to 30 percent of such costs over the four year period. Provides that the Corporation shall consult with appropriate agencies and officers of the Federal Government to establish and operate a program to provide technical assistance, upon request, to States and local public bodies. States that no grant or loan shall be made to any State or local public body in any fiscal year unless the State or local public body makes assurances to the Corporation that the amount available for expenditure from non-Federal sources for the acquisition and development of open-space land in that fiscal year will not be less than the amount expended for such purposes from non-Federal sources during the preceding fiscal year. Authorizes the Corporation to incur obligations on behalf of the United States in amounts aggregating $5,000,000,000 to finance grants and loans under this Act. Authorizes to be appropriated for the liquidation of the obligations incurred under this Act not to exceed $1,000,000,000 prior to July 1, 1974, not to exceed an aggregate of $2,000,000,000 prior to July 1, 1975, not to exceed an aggregate of $3,000,000,000 prior to July 1, 1976, not to exceed an aggregate of $4,000,000,000 prior to July 1, 1977, and not to exceed an aggregate of $5,000,000,000 prior to July 1, 1978.

Bill· HRH.R. 3376 (93rd)referred

A bill to prohibit discrimination by any party to a federally related mortgage transaction on the basis of sex or marital status, and to require all parties to any such transaction to submit appropriate reports thereon for public inspection.

United States · United States Congress · 31 January 1973

Prohibits discrimination by financial institutions or any other persons on the basis of sex or marital status in connection with federally related mortgage transactions. Requires all parties to any such transaction to submit appropriate reports thereon (containing specified information) for public inspection. Provides civil and criminal penalties for any person who violates this Act.

Bill· HRH.R. 3262 (93rd)referred

A bill to prohibit States and political subdivisions from discriminating against low and moderate income housing, and to give a priority in determining eligibility for assistance under various Federal programs to political subdivisions which submit plans for the inclusion of low and moderate income housing in their development.

United States · United States Congress · 30 January 1973

Prohibits the States and general or special purpose units of local government in the exercise of their powers with respect to planning, zoning, subdivision controls, building codes, or other matters affecting land use, from preventing the reasonable provision of law and moderate income housing in undeveloped or predominantly underdeveloped parts of any community within a metropolitan area as defined in this Act. Defines the term metropolitan area as meaning any city or municipality having a population of 100,000 or more, together with all general or special purpose units of local government located within a fifty-mile radius of such city or municipality. Authorizes the Attorney General to bring a civil action in any appropriate United States district court to enforce compliance with the provisions of this Act. Defines those classes of individuals who may bring such civil action in the belief that they have been or are being deprived of the assistance or benefit of the provisions of this Act. Provides that in the administration of any Federal program assisting in the construction or development of housing, or in carrying out open-space or urban development projects, or other projects, a priority shall be given to applications made with respect to property located within the jurisdiction or boundaries of any general or special purpose unit of local government in a metropolitan area which has drawn up, submitted, and had approved by the Secretary of Housing and Urban Development, or which is subject to the jurisdiction of an areawide agency that exercises powers with respect to planning, zoning, subdivision controls, building codes or permits, or other matters affecting land use in the area which such unit or agency represents and has drawn up, submitted, and had approved by the Secretary of Housing and Urban Development, a plan or plans: (1) specifically providing for the inclusion of low and moderate income housing in the areas within the jurisdiction of such unit or agency that are undeveloped or predominantly undeveloped but that are in the path of development, in a manner consistent with any local comprehensive or master planning for such areas; and (2) providing, with respect to the areas within the jurisdiction of such unit or agency in which little or no vacant land is available for low and moderate income housing because of existing density and land use, for compensatory arrangements with other localities within the same metropolitan area still having available vacant land for the construction of low and moderate income housing in those localities, so that no metropolitan area will be left without a proportionate and well-distributed number of units of low and moderate income housing. Provides that any such plan or compensatory arrangement shall be designed to avoid the concentration of low and moderate income housing within any fixed geographical boundaries in any metropolitan area; and any unit or agency which enters into a compensatory arrangement with another locality or localities for the provision of low and moderate income housing because its current density and land use precludes the construction of additional low and moderate income housing within its boundaries shall, when currently used sites become vacant, make every effort to include such housing within its boundaries. Directs the Secretary to provide upon request appropriate technical assistance to any unit or agency developing a plan or entering into an arrangement under this Act.

Bill· HRH.R. 3271 (93rd)referred

A bill to amend the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 to provide for minimum Federal payments for 4 additional years.

United States · United States Congress · 30 January 1973

Extends until July 1, 1976 (presently July 1, 1972) the provision under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 requiring a Federal agency to pay 100 percent of the first $25,000 of relocation payments required for a State to furnish real property incident to a Federal program. Extends until July 1, 1974, the provision requiring 100 percent Federal payment of costs resulting from the transfer of real property to a State. (Amends 42 U.S.C. 4627) Authorizes the head of a Federal agency, until June 30, 1973, to pay such sums in excess of the first $25,000 of cost as necessary to a State not in compliance with the Act. Makes provisions for non-approval of grants to the State and for deductions from Federal funds after that date. Provides that whenever the acquisition of real property for a program or project, to be undertaken by a person or State agency furnished pursuant to a grant, contract, or agreement, will result in the forced displacement of any person on or after the effective date of this Act, the head of the Federal agency furnishing such financial assistance shall provide: (1) fair and reasonable relocation payments and assistance to or for such displaced persons; (2) relocation assistance programs; and (3) decent, safe, and sanitary replacement dwellings to such displaced persons. Provides that no Government agency administering any Federal program shall, for the purpose of assuring compliance with the Act, impose any limitation on the removal of vacant improvements located on real property acquired in connection with such a Federally assisted project.

Bill· HRH.R. 3247 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to provide that certain homeowner mortgage interest paid by the Secretary of Housing and Urban Development on behalf of a low-income mortgagor shall not be deductible by such a mortgagor.

United States · United States Congress · 30 January 1973

Provides that homeowner mortgage interest paid as periodic assistance payments by the Secretary of Housing and Urban Development on behalf of a low-income mortgagor shall not be deductible by such a mortgagor under the Internal Revenue Code. (Adds 26 U.S.C. 280)

Bill· HRH.R. 3243 (93rd)referred

A bill to amend the Occupational Safety and Health Act of 1970 to require the Secretary of Labor to recognize the difference in hazards to employees between the heavy construction industry and the light residential construction industry.

United States · United States Congress · 30 January 1973

Requires the Secretary of Labor, under the Occupational Safety and Health Act of 1970, to recognize the difference in hazards to employees between the heavy construction industry and the light residential construction industry in promulgating health and safety standards. (Amends 29 U.S.C. 655)

Bill· HRH.R. 3220 (93rd)referred

Small Communities Planning, Development, and Training Act

United States · United States Congress · 30 January 1973

Small Communities Planning, Development, and Training Act - Title I: Community Development Bank - Creates an independent agency known as the Community Development Bank with a board of directors of 14 persons, one of whom shall be the President of the bank. Provides that the President, by and with the advice and consent of the Senate, shall appoint the President of the bank and the directors, no more than three of whom shall be officers or employees of the United States and at least seven of whom shall be identified with or representatives of State or local government. Provides that the president of the bank shall serve at the pleasure of the President. Authorizes the appropriation of $1,000,000 to the Secretary of Housing and Urban Development to pay the initial organizing and operating expenses of the bank. Authorizes the bank to make commitments to purchase, and to purchase, service, or sell on terms and conditions determined by the bank, any obligation of a State or local government which is not exempt from Federal taxation. Makes similar provision for the purchase of evidences of indebtedness making loans to any private nonprofit organization or association representing a community under applicable State or local law. Permits purchases or loans to be made only for the purpose of financing capital expenditures. Provides that priority shall be given to small communities. Limits obligations or loans to 40 year maturities bearing interest at a rate not less than 2/3 of the current average yield or outstanding obligations of the bank for the month preceding the date on which the loan or purchase is made. Authorizes the bank to issue obligations totaling $5,000,000,000 initially with an additional $5,000,000,000 on July 1, 1973, and another $5,000,000,000 on July 1, 1974. Authorizes the Secretary of the Treasury to purchase obligations of the bank by utilizing proceeds of the sale of securities under the Second Liberty Bank Act. Provides that receipts and disbursements of the banks shall be exempt from any annual expenditure and net lending limitations imposed on the budget. Provides for annual reports from the President to the Congress on program and administrative activities of the bank. Authorizes the Secretary of Housing and Urban Development to make payments to the bank to cover the difference between interest paid and interest received on bank obligations. Authorizes the appropriation of necessary funds for this purpose. Sets forth the powers of the bank including the power to sue or be sued and the power to issue bylaws rules and regulations and to adopt a corporate seal. Authorizes the bank to provide technical assistance to State and local governments in preparing and implementing comprehensive development projects and programs. Permits the charging of fees for such services. Provides for an audit of the bank by the General Accounting Office. Provides that the real and tangible personal property of the bank shall be subject to ad valorem taxes and that the principal and interest of all obligations of the bank shall be taxed to the same extent as the obligations of private corporations. Makes the bank otherwise tax exempt. Makes the obligations of the bank lawful investments which may be accepted as security and exempts such obligations from the laws administered by the Securities and Exchange Commission. Title II: Public Facility Loan Program Amendments - Authorizes the Secretary of Housing and Urban Development, as an alternative to existing programs of assistance, to guarantee the bonds and other obligations of political subdivisions or instrumentalities of the States which are not exempt from Federal taxation. Permits annual grants equal to 40 percent of the annual interest on such obligations. Pledges the full faith and credit of the United States to the payment of such guarantees. Authorizes the Secretary to take such steps as he considers reasonable to assure that obligations guaranteed under this section will: (1) be issued to investors approved by, or meeting requirements prescribed by, the Secretary, or if an offering to the public is contemplated, be underwritten upon terms and conditions approved by the Secretary; (2) bear interest at a rate satisfactory to the Secretary; (3) contain or be subject to repayment, maturity, and other provisions satisfactory to the Secretary; and (4) contain or be subject to provisions with respect to the protection of the security interests of the United States, including any provisions deemed appropriate by the Secretary relating to subrogation, liens, and releases of liens, payment of taxes, cost certification procedures, escrow or trusteeship requirements or other matters. Authorizes the Secretary to establish a separate revolving fund to provide for: (A) the timely payment of any liabilities incurred as the result of guarantees or grants; (B) the payment of obligations issued to the Secretary of the Treasury; and (C) any other program expenditures under this section, including administrative and nonadministrative expenses. Provides that such revolving fund shall be comprised of: (A) receipts from fees and charges; (B) recoveries under security, subrogation, and other rights; (C) any other receipts obtained in connection with guarantees made under this section; (D) proceeds of the obligations issued to the Secretary of the Treasury; and (E) such sums as are authorized to be appropriated. Authorizes the Secretary to issue obligations to the Secretary of the Treasury, who is authorized to purchase such obligations, for the purpose of carrying out the above functions. Limits outstanding principal obligations to $200,000,000. Title III: Community Development Block Grants - Makes it the purpose of the title to further the development of a national growth policy by consolidating a number of complex and overlapping programs of financial assistance to communities of varying sizes and needs into a single, consistent system of Federal aid which: (1) is funded in advance on a regular basis upon which communities can rely in their planning; (2) can provide assistance on an annual basis with maximum certainty and efficiency and minimum delay; (3) encourages community development activities which are consistent with comprehensive local and areawide development planning; and (4) furthers the achievement of the national housing goal of a decent home and a suitable living environment for every American family. Authorizes the Secretary to make annual grants to units of general local government to help finance approved Community Development Programs. Limits such grants to 90 percent of the cost of the program. Sets forth the requirements for eligibility for such grants. Provides that a Community Development Program assisted under this title may include: (1) the acquisition of real property (including air rights, water rights, and other interests therein) which is: (A) blighted, deteriorated, deteriorating, undeveloped, or inappropriately developed from the standpoint of sound community development and growth; (B) necessary for the preservation or restoration of historic sites, the beautification of land, the conservation of open spaces, natural resources, and scenic areas, the provision of recreational opportunities, or the guidance of development; (C) to be used for the provision of public works, facilities, and improvements eligible for assistance under this title; or (D) to be used for other public purposes; (2) the acquisition, construction, reconstruction, or installation of public works, facilities, and site or other improvements-including water and sewer facilities, neighborhood facilities, historic properties, utilities, streets, street lights, foundations and platforms for air right sites, pedestrian malls and walkways, parks, and playgrounds; (3) code enforcement in deteriorated or deteriorating areas in which such enforcement, together with those public improvements to be provided, may be expected to arrest the decline of the area; (4) clearance, demolition, removal, and rehabilitation of buildings and improvements (including financing of the rehabilitation of privately owned properties); (5) payments to housing owners for losses of rental income incurred in holding for temporary periods housing units to be utilized for the relocations of individuals and families displaced by program activities; (6) disposition (through sale, lease, donation, or otherwise) of any real property acquired pursuant to this title or its retention for public purposes; (7) provision of health, social, and similar services where the Secretary deems it necessary to properly support other approved community development activities; and (8) such other projects or activities assisted under a Federal grant-in-aid program as the Secretary approves as part of a community development program. Authorizes the Secretary to make grant agreements for metropolitan areas in amounts aggregating not more than $7,500,000,000. Authorizes the appropriation of $2,000,000,000 prior to July 1, 1973, to liquidate the obligations so incurred. Increases this amount to $4,500,000,000 prior to July 1, 1974 and to $7,500,000,000 thereafter. Authorizes the appropriation of $5,000,000,000 for each of fiscal years 1973, 1974, and 1975 for grants to States and units of general local government outside metropolitan areas. Provides that distributions to metropolitan areas shall be based on a formula of population, poverty, and overcrowding. Provides that distributions to cities within each metropolitan area shall be based on the same formula. Provides that in making distributions to States and local governments in nonmetropolitan areas the Secretary shall consider plans and ideas for community development programs as well as such factors as population, amount of poverty, overcrowding, and housing deficiencies and other social and fiscal conditions. Title IV: National Community Affairs Institute - Directs the Secretary to establish a National Community Affair Institute which shall have as its purpose the development and revitalization of small communities. Provides that the Institute shall be headed by a board of directors which shall be chaired by the Librarian of Congress. Title V: Fellowships for Small Community Planning and Development - Authorizes the Secretary to provide fellowships for graduate training of professional technicians and specialists in the field of small community planning and development.

Bill· HRH.R. 3170 (93rd)referred

High Rise Building Safety Act

United States · United States Congress · 29 January 1973

High Rise Building Safety Act - Requires any building in any State or in the District of Columbia constructed of more than seven stories to be equipped with a sprinkling systems within 60 days of enactment, and to study the need and cost of installing such sprinkler systems in all stories of all buildings owned by the United States. (Adds 15 U.S.C. 278 f(c)) Prescribes criminal penalties of up to $20,000 and two years imprisonment for failure to comply with this Act.

Bill· HRH.R. 3171 (93rd)referred

A bill to require the Secretary of Agriculture to carry out a rural environmental assistance program.

United States · United States Congress · 29 January 1973

Requires the Secretary of Agriculture, in carrying out the Soil Conservation and Domestic Allotment Act, to make payments or grants of other aid to agricultural producers, including tenants and sharecroppers, in an aggregate amount not less than the sums appropriated therefor during the year with respect to which such payments or grants are made and measured by: (1) their treatment or use of their land, or part thereof, for soil restoration, soil conservation, or the prevention of erosion; (2) changes in the use of their land; (3) their equitable share, as determined by the Secretary, of the normal national production of any commodity or commodities required for domestic consumption; (4) their equitable share, as determined by the Secretary, of the national production of any commodity or commodities required for domestic consumption and exports adjusted to reflect the extent to which their utilization of cropland on the farm conforms to farming practices which the Secretary determines will best effectuate the purposes of the Act; or (5) any combination of the above. (Amends 16 U.S.C. 590h(b))

Bill· HRH.R. 3079 (93rd)referred

A bill to provide that certain expenses incurred in the construction of a rapid transit station in Oakland, Calif., shall be eligible as local grants-in-aid for purposes of title I of the Housing Act of 1949.

United States · United States Congress · 29 January 1973

Provides that expenses incurred in the construction of the Twelfth Street Bay Area Rapid Transit Station Oakland, California, shall be eligible as local grants-in-aid for purposes of title I of the Housing Act of 1949.

Bill· HRH.R. 3080 (93rd)referred

A bill to amend the National Housing Act to authorize the insurance of loans to defray mortgage payments on homes owned by persons who are temporarily unemployed.

United States · United States Congress · 29 January 1973

Authorizes the insurance of loans under the National Housing Act to defray mortgage payments on homes owned by persons who are temporarily unemployed. Creates a Homeownership Conservation Loan Insurance Fund to be used by the Secretary of Housing and Urban Development as a revolving fund for carrying out the loan insurance obligations arising under the Act.

Resolution· SRESS.Res. 41 (93rd)passed

A resolution authorizing additional expenditures by the Committee on Banking, Housing and Urban Affairs for inquiries and investigations.

United States · United States Congress · 26 January 1973

Authorizes the Senate Committee on Banking, Housing and Urban Affairs, or any subcommittee thereof, from March 1, 1973, through February 28, 1974, in conducting studies and investigations for the purposes stated and within the limitations imposed by the following sections of this resolution: (1) to make expenditures from the contingent fund of the Senate; (2) to employ personnel; and (3) with the prior consent of the Government department or agency concerned and the Committee on Rules and Administration, to use on a reimbursable basis the services of personnel of any such department or agency. Limits the expenses of the committee under this resolution to not exceed $660,000. Provides that not to exceed $320,000 shall be available for a study or investigation of: (1) banking and currency generally; (2) financial aid to commerce and industry; (3) deposit insurance; (4) the Federal Reserve System, including monetary and credit policies; (5) economic stabilization, production, and mobilization; (6) valuation and revaluation of the dollar; (7) prices of commodities, rents, and services; (8) securities and exchange regulations; (9) credit problems of small business; and (10) international finance through agencies within legislative jurisdiction of the committee. Provides that not to exceed $210,000 shall be available for a study or investigation of public and private housing and urban affairs generally; and that not to exceed $130,000 shall be available for an inquiry and investigation pertaining to the securities industry. Requires the committee to report its findings, together with such recommendations for legislation as it deems advisable with respect to each study or investigation for which expenditure is authorized by this resolution, to the Senate at the earliest practicable date, but not later than February 28, 1974.

Bill· HRH.R. 3049 (93rd)referred

A bill to provide that certain expenses incurred in the construction of a municipal building in Talladega, Ala., shall be eligible as local grants-in-aid for purposes of title I of the Housing Act of 1949.

United States · United States Congress · 26 January 1973

Provides that expenses incurred in the construction of the J.L. Hardwick Municipal Building in Talladega, Alabama, shall be eligible as local grants-in-aid for purposes of title I of the Housing Act of 1949.

Bill· HRH.R. 3009 (93rd)referred

A bill to require the Secretary of Agriculture to carry out a rural environmental assistance program.

United States · United States Congress · 26 January 1973

Requires the Secretary of Agriculture, in carrying out the Soil Conservation and Domestic Allotment Act, to make payments or grants of other aid to agricultural producers, including tenants and sharecroppers, in an aggregate amount not less than the sums appropriated therefor during the year with respect to which such payments or grants are made and measured by: (1) their treatment or use of their land, or part thereof, for soil restoration, soil conservation, or the prevention of erosion; (2) changes in the use of their land; (3) their equitable share, as determined by the Secretary, of the normal national production of any commodity or commodities required for domestic consumption; (4) their equitable share, as determined by the Secretary, of the national production of any commodity or commodities required for domestic consumption and exports adjusted to reflect the extent to which their utilization of cropland on the farm conforms to farming practices which the Secretary determines will best effectuate the purposes of the Act; or (5) any combination of the above. (Amends 16 U.S.C. 590h(b))

Bill· HRH.R. 3005 (93rd)referred

A bill to amend the Internal Revenue Code to 1954 to allow a deduction for expenses incurred by a taxpayer in making repairs and improvements to his residence, and to allow the owner of rental housing to amortize at an accelerated rate the cost of rehabilitating or restoring such housing.

United States · United States Congress · 26 January 1973

Allows a tax deduction under the Internal Revenue Code of not more than $750 for ordinary and necessary expenses paid during the taxable year for the repair or improvement of property used by the taxpayer as his principal residence. Permits any person who is the owner of rental housing and who rehabilitates or restores such housing to deduct the cost of such restoration, with respect to the amortization of the adjusted basis of such housing as so restored, based on a period of 60 months. Entitles any person who acquires rehabilitated or restored rental housing from a taxpayer who elected the amortization deduction and who did not discontinue the amortization deduction, to a deduction with respect to the adjusted basis of such facility based on the remaining amount of the 60 month period taken by the person who rehabilitated the house. Provides procedures for the election and termination of the amortization deduction and defines the terms used in this Act.

Bill· HRH.R. 3007 (93rd)referred

A bill to require the Secretary of Agriculture to carry out a rural environmental assistance program.

United States · United States Congress · 26 January 1973

Requires the Secretary of Agriculture, in carrying out the Soil Conservation and Domestic Allotment Act, to make payments or grants of other aid to agricultural producers, including tenants and sharecroppers, in an aggregate amount not less than the sums appropriated therefor during the year with respect to which such payments or grants are made and measured by: (1) their treatment or use of their land, or part thereof, for soil restoration, soil conservation, or the prevention of erosion; (2) changes in the use of their land; (3) their equitable share, as determined by the Secretary, of the normal national production of any commodity or commodities required for domestic consumption; (4) their equitable share, as determined by the Secretary, of the national production of any commodity or commodities required for domestic consumption and exports adjusted to reflect the extent to which their utilization of cropland on the farm conforms to farming practices which the Secretary determines will best effectuate the purposes of the Act; or (5) any combination of the above. (Amends 16 U.S.C. 590h(b))

Bill· HRH.R. 3008 (93rd)referred

A bill to require the Secretary of Agriculture to carry out a rural environmental assistance program.

United States · United States Congress · 26 January 1973

Requires the Secretary of Agriculture, in carrying out the Soil Conservation and Domestic Allotment Act, to make payments or grants of other aid to agricultural producers, including tenants and sharecroppers, in an aggregate amount not less than the sums appropriated therefor during the year with respect to which such payments or grants are made and measured by: (1) their treatment or use of their land, or part thereof, for soil restoration, soil conservation, or the prevention of erosion; (2) changes in the use of their land; (3) their equitable share, as determined by the Secretary, of the normal national production of any commodity or commodities required for domestic consumption; (4) their equitable share, as determined by the Secretary, of the national production of any commodity or commodities required for domestic consumption and exports adjusted to reflect the extent to which their utilization of cropland on the farm conforms to farming practices which the Secretary determines will best effectuate the purposes of the Act; or (5) any combination of the above. (Amends 16 U.S.C. 590h(b))

Bill· HRH.R. 2916 (93rd)referred

A bill to amend title 38 of the United States Code to assist veterans with a permanent and total service-connected disability due to the loss or loss of use of one upper and one lower extremity to acquire specially adapted housing.

United States · United States Congress · 24 January 1973

Authorizes the Administration of Veterans affairs to assist veterans with a permanent and total service-connected disability due to the loss or loss of use of one upper and one lower extremity to acquire specially adapted housing. (Amends 38 U.S.C. 801)

Bill· HRH.R. 2778 (93rd)referred

A bill to amend the National Housing Act to provide that rentals in housing projects assisted thereunder shall be subject to regulation under State or local laws, with any Federal authority to regulate rentals in such projects being inapplicable where such State or local laws exist, and to assure to tenants in such projects the right of hearing and judicial review on the establishment of such rentals or any increase therein.

United States · United States Congress · 24 January 1973

States that the maximum rentals which may be charged for accomodations in any housing covered by a mortgage insured under any provision of the National Housing Act within any State or political subdivision thereof shall be subject to regulation under the laws of such State or political subdivision. Provides that any authority conferred upon the Secretary of Housing and Urban Development to regulate maximum rentals shall not be applicable to housing located within any State or political subdivision thereof which has enacted a law for the purpose of regulating maximum rentals. Requires the Secretary, when acting to regulate maximum rentals, to give notice of his proposed action to each tenant of the housing affected and to hold a hearing to consider objections. Permits judicial review in Federal court for adversely affected tenants.

Bill· HRH.R. 2777 (93rd)referred

Local Governmental Approval Act

United States · United States Congress · 24 January 1973

Local Governmental Approval Act - Requires local governmental approval of low-income housing, apartment, or cooperative apartment developments under the National Housing Act before any Federal assistance payments are made. Provides that any unit of local government may waive its right of approval under this Act or may elect to delegate its approval function to one of its agencies. (Amends 12 U.S.C. 1715-2, 17152-1)

Bill· HRH.R. 2773 (93rd)referred

A bill to make it clear that code standards prescribed for purposes of the Federal laws relating to housing and urban development do not supersede the corresponding standards embodied in local building, plumbing, electrical, fire prevention, or related codes where the local standards are higher.

United States · United States Congress · 24 January 1973

States that nothing contained or prescribed in the Housing Act of 1949 or any other Federal Law shall prevent a locality from having and continuing in effect a building, plumbing, electrical, fire prevention, or related code emboding standards which, in terms of protecting the public health and safety, are determined by the National Bureau of Standards to be as high as or higher than the corresponding minimum code standards specified by the Secretary of Housing and Urban Development as required to be met in order for such locality to qualify for assistance or certification under the Act or any other provision of Federal law.

Law· SS. 513 (93rd)open

An Act to amend section 232 of the National Housing Act to authorize insured loans to provide fire safety equipment for nursing homes and intermediate care facilities.

United States · United States Congress · 23 January 1973

Authorizes the Secretary of Housing and Urban Development to insure loans made by financial institutions to nursing homes and intermediate care facilities to provide fire safety equipment. Requires that such loans shall not exceed the Secretary's estimate of the reasonable cost of the equipment fully installed, and shall comply with interest and maturity rates and such other conditions as the Secretary may prescribe.

Law· SJRESS.J.Res. 26 (93rd)open

An original joint resolution to amend section 1319 of the Housing and Urban Development Act of 1968 to increase the limitation on the face amount of flood insurance coverage authorized to be outstanding.

United States · United States Congress · 23 January 1973

Increases from $2,500,000,000 to $4,000,000,000 the limitation on the face amount of flood insurance coverage authorized to be outstanding under the Housing and Urban Development Act of 1968. (Amends 42 U.S.C. 4026)

Bill· HRH.R. 2736 (93rd)referred

A bill to amend title 38 of the United States Code to provide specially adapted housing benefits to veterans suffering the loss, or loss of use of both arms.

United States · United States Congress · 23 January 1973

Authorizes the Administrator of Veterans' Affairs to provide specially adapted housing benefits to veterans suffering the loss, or loss of use, of both arms who are entitled to compensation for service after April 20, 1898, for permanent and total service-connected disability.

Bill· HRH.R. 2697 (93rd)referred

A bill to amend section 232 of the National Housing Act to include fire safety equipment among the items which may be covered by an insured mortgage thereunder, to require (as a condition of eligibility for mortgage insurance) that a nursing home or intermediate care facility comply with the Life Safety Code, and to authorize insured loans to provide fire safety equipment for such a home or facility.

United States · United States Congress · 23 January 1973

Includes fire safety equipment among the items which may be covered by an insured mortgage for nursing homes or intermediate care facilities under the National Housing Act. Prohibits the insurance of mortgages for such nursing homes or intermediate care facilities unless the facilities meet the appropriate requirements of the Life Safety Code of the National Fire Protection Association. Sets limits on insured loans for fire safety equipment at $50,000 maximum, and requires compliance with such other terms and conditions as the Secretary of Housing and Urban Development may prescribe. (Amends 12 U. S. C. 1715 (w)

Bill· HRH.R. 2573 (93rd)referred

A bill to amend the U.S. Housing Act of 1937 to provide for the inclusion of child-care facilities in low-rent housing projects, and to provide that eligibility of a family to remain in such a project despite increases in its total income shall be determined solely on the income of the head of such family (or its other principal wage earner).

United States · United States Congress · 22 January 1973

Authorizes the Secretary of Housing and Urban Development to enter into contracts to make grants to public housing agencies to pay the full cost of constructing and maintaining child-care centers and other child-care facilities in low-rent housing projects. Authorizes to be appropriated such sums as necessary to carry out this Act. Provides that the eligibility of a family to remain in a low-rent housing project despite increases in its total income shall be determined solely on the income of principal wage earner. (Amends 42 U.S.C. 1415, 1410, 1402)

Bill· SS. 418 (93rd)referred

A bill to amend the Consolidated Farm and Rural Development Act of 1972.

United States · United States Congress · 18 January 1973

Establishes at 5 percent the interest rate on emergency loans under the Consolidated Farmers Home Administration Act. Repeals the provision under such Act allowing forgiveness of $5,000 on disaster loans under this Act. (Amends 7 U.S.C. 1964; P.L. 92-385)

Bill· HRH.R. 2449 (93rd)referred

A bill to amend the Occupational Safety and Health Act of 1970 to require the Secretary of Labor to recognize the difference in hazards to employees between the heavy construction industry and the light residential construction industry.

United States · United States Congress · 18 January 1973

Requires the Secretary of Labor, under the Occupational Safety and Health Act of 1970, to recognize the difference in hazards to employees between the heavy construction industry and the light residential construction industry in promulgating health and safety standards. (Amends 29 U.S.C. 655)

Bill· HRH.R. 2419 (93rd)referred

A bill to amend title IV of the National Housing Act, to make any Federal savings and loan association or State chartered mutual savings and loan association which converts to a stock savings and loan institution ineligible for insurance under this title.

United States · United States Congress · 18 January 1973

Makes any Federal savings and loan association or State chartered mutual savings and loan association which converts to a stock savings and loan institution ineligible for insurance under title IV of the National Housing Act. (Adds 12 U.S.C. 1726(e))

Bill· HRH.R. 2371 (93rd)referred

Mobile Home Safety Act

United States · United States Congress · 18 January 1973

Mobile Home Safety Act - Includes mobile homes and recreational vehicles within the class of consumer products whose safety and design are to be regulated by the Consumer Product Safety Commission. States that prior to promulgating a consumer product safety rule applicable to a mobile home or a recreational vehicle, the Commissioner shall seek the views of the Secretary of Housing and Urban Development and of Transportation with respect to the adequacy of the proposed rule and its probable effect on programs administered by them. Authorizes annual appropriations of $2,000,000 for fiscal years 1974-75 to carry out the provisions of this Act. (Amends P. L. 92-573)

Bill· HRH.R. 2280 (93rd)referred

A bill for the relief of the city of Riverview, Michigan.

United States · United States Congress · 18 January 1973

Directs the Secretary of Housing and Urban Development to release the city of Riverview, Michigan, from its obligation to pay to the United States the sum of $20,345 (plus any interest due thereon), representing the amount of certain disallowed items of project expense in the final audit of the Penn Villa Urban Renewal Project (Mich. R-73) in such city, and to close out such project as though such obligation had been discharged by the payment of such sum (and interest) on the date of the enactment of this Act.

Bill· HRH.R. 2236 (93rd)referred

A bill to amend sections 235 and 236 of the National Housing Act to require local governmental approval of certain projects as a condition of interest reduction payments (or mortgage insurance) with respect to such projects.

United States · United States Congress · 18 January 1973

Requires local governmental approval of low-income housing, apartment, or cooperative apartment developments under the National Housing Act before any Federal assistance payments are made. Provides that any unit of local government may waive its right of approval under this Act or may elect to delegate its approval function to one of its agencies. (Amends 12 U.S.C. 17152, 17152-1)

Bill· HRH.R. 2175 (93rd)referred

A bill to provide relief to certain individuals 60 years of age and over who own or rent their homes, through income tax credits and refunds.

United States · United States Congress · 15 January 1973

Allows a credit against income taxes imposed by the Internal Revenue Code of 1954 based upon the amount of property taxes or rent constituting property taxes accrued for a taxable year by claimants filing a claim under this Act who are domiciled in the United States and 60 years of age or over during the entire taxable year preceding the year in which such claim is filed. Defines the terms used in this Act. Requires claimants under this Act to supply reasonable proof of age, rent paid, property taxes accrued, changes of homestead, household membership, household income, size, and nature of property claimed as the homestead. Permits any person aggrieved by the denial of relief claimed under this Act to appeal such denial to the U.S. Tax Court. (Adds 26 U.S.C. 1601-1605) Provides that no person in the United States shall on the ground of sex be excluded from participation in, be denied the benefits of, or be subjected to discrimination under this Act.

Bill· HRH.R. 2084 (93rd)referred

Housing Rights Act

United States · United States Congress · 15 January 1973

Housing Rights Act - Provides that any provision or requirement in building codes or other local law or ordinance, or in any contract or agreement, which restricts the use of new or improved techniques, methods, or materials or of preassembled products in connection with the construction or major rehabilitation of federally assisted housing shall be invalid with respect to such housing except where such restriction is deemed necessary to assure safe and healthful working or living conditions. Authorizes the Secretary of Housing and Urban Development to test, or have tested, and to certify the comparability of new residential building techniques, methods, materials, and products with conventional ones. Provides that if the Attorney General of the United States, after consultation with the Secretary of Housing and Urban Development, and as appropriate with other interested Federal officials, believes that a provision or requirement in a building code or other local law or ordinance, or in any contract or agreement is invalid, he may bring a civil action in any appropriate United States district court to have the provision or requirement judicially declared invalid.

Bill· HRH.R. 1998 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction for expenses incurred by a taxpayer in making repairs and improvements to his residence, and to allow the owner of rental housing to amortize at an accelerated rate the cost of rehabilitating or restoring such housing.

United States · United States Congress · 15 January 1973

Allows a tax deduction under the Internal Revenue Code of not more than $750 for ordinary and necessary expenses paid during the taxable year for the repair or improvement of property used by the taxpayer as his principal residence. Permits any person who is the owner of rental housing and who rehabilitates or restores such housing to deduct the cost of such restoration, with respect to the amortization of the adjusted basis of such housing as so restored, based on a period of 60 months. Entitles any person who acquires rehabilitated or restored rental housing from a taxpayer who elected the amortization deduction and who did not discontinue the amortization deduction, to a deduction with respect to the adjusted basis of such facility based on the remaining amount of the 60 month period taken by the person who rehabilitated the house. Provides procedures for the election and termination of the amortization deduction and defines the terms used in this Act.

Bill· HRH.R. 1970 (93rd)referred

A bill to amend the National Housing Act to provide that the rentals and carrying charges charged for accommodations in federally assisted housing may not exceed certain previous levels.

United States · United States Congress · 15 January 1973

Provides that the rentals and carrying charges charged for accommodations in any housing covered by a mortgage insured under the National Housing Act during the period beginning upon the date of enactment of this Act and ending at midnight June 30, 1974, shall not exceed the levels at which such rentals and carrying charges were stabilized during the ninety day period beginning August 15, 1971. Directs the Secretary of Housing and Urban Development to take such action as may be necessary to regulate or restrict such rentals and carrying charges in accordance with this Act. Authorizes any aggrieved person or class of persons to commence a civil action against any person or entity, including officers or agencies of the Federal, State, or local governments, who is alleged to have violated this Act. Provides the district courts of the United States with jurisdiction without regard to the amount in controversy or the citizenship of the parties to require compliance with this subsection or to order the performance of any nondiscretionary act or duty under this Act. Stipulates that no such action may be commenced with regard to any housing accommodation if the President has commenced and is diligently prosecuting a civil action in a court of the United States to require compliance with this Act with regard to such housing accommodation, but in any such action, any person aggrieved may intervene as a matter of right. Provides that any owner or operator of housing accommodations for which the rental or carrying charges which may be charged are affected by this Act may apply to the President for an exception on the basis of increased capital or operating costs.

Bill· HRH.R. 1999 (93rd)referred

A bill to amend the Internal Revenue Code of 1954 to allow a deduction for expenses incurred by a taxpayer in making repairs and improvements to his residence, and to allow the owner of rental housing to amortize at an accelerated rate the cost of rehabilitating or restoring such housing.

United States · United States Congress · 15 January 1973

Allows a tax deduction under the Internal Revenue Code of not more than $750 for ordinary and necessary expenses paid during the taxable year for the repair or improvement of property used by the taxpayer as his principal residence. Permits any person who is the owner of rental housing and who rehabilitates or restores such housing to deduct the cost of such restoration, with respect to the amortization of the adjusted basis of such housing as so restored, based on a period of 60 months. Entitles any person who acquires rehabilitated or restored rental housing from a taxpayer who elected the amortization deduction and who did not discontinue the amortization deduction, to a deduction with respect to the adjusted basis of such facility based on the remaining amount of the 60 month period taken by the person who rehabilitated the house. Provides procedures for the election and termination of the amortization deduction and defines the terms used in this Act.

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