A bill to amend the Housing and Community Development Act of 1974 for the purpose of providing guaranteed loans under title I of such Act to assist communities with a shortage of water supply.

Summary

Amends the Housing and Community Development Act of 1974 to authorize the Secretary of Housing and Urban Development to guarantee those obligations incurred by units of local government to finance activities necessary to alleviate a shortage or potential shortage of potable water where the Secretary determines available grant funding is insufficient. Enables such a guarantee to be made even if the application and/or the total outstanding debt of a unit of local government fails to meet statutory requirements. Authorizes the Secretary to accept as security to assure repayment of such guaranteed debt: (1) a commitment by a local government to impose a unit surcharge on water; or (2) other financial resources of a local government.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 March 1979

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 15 March 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 March 1979

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 15 March 1979

  Open at official source

Sponsors

• Rep. Crane, Philip M. [R-IL-8] · R · Sponsor
• Rep. Hyde, Henry J. [R-IL-6] · R · Cosponsor
• · hsba00 · Standing

Related records

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