SEC-524 -- STUDY OF PUBLIC HOUSING FUNDING SYSTEM. 

 
 The Secretary of Housing and Urban Development shall conduct a study
assessing one or more revised methods of providing sufficient Federal
funds to public housing agencies for the operation, maintenance and
modernization of public housing. In analyzing such alternatives, the
Secretary shall compare and contrast existing methods of funding in
public housing with those used by the Department of Housing and Urban
Development in housing assisted under section 8 of the United States
Housing Act of 1937. In preparing the study mandated by this section,
the Secretary shall, in particular, review the results of the study
entitled "Alternative Operating Subsidies Systems for the Public
Housing Program", released by the Department's Office of Policy,
Development and Research in May 1982, and shall update such study as may
be necessary. The Secretary shall submit a report to the Congress not
later than 12 months after the date of the enactment of this Act
detailing the findings of the study conducted under this section.