SEC-571 -- LOW-INCOME HOUSING AUTHORIZATION. 

 
 (a) Aggregate Budget Authority.-Section 5(c)(6) of the United States
Housing Act of 1937 (42 U.S.C. 1437c(c)(6)) is amended by adding at the
end the following new sentence: "The aggregate amount of budget
authority that may be obligated for assistance referred to in paragraph
is increased (to the extent approved in appropriation Acts) by
$16,194,000,000 on October 1, 1990, and by $14,709,400,000 on October
1, 1991.".
 
 (b) Utilization of Housing Budget Authority.-Subparagraphs (A) and (B)
of section 5(c)(7) of the United States Housing Act of 1937 (42 U.S.C.
1437c(c)(7)) are amended to read as follows:
 
 "(7)(A) Using the additional budget authority provided under paragraph
(6) and the balances of budget authority that become available during
fiscal year 1991, the Secretary shall, to the extent approved in
appropriations Acts, reserve authority to enter into obligations
aggregating-
 
 "(i) for public housing grants under subsection (a)(2), not more than
$742,100,000, of which amount not more than $228,000,000 shall be
available for Indian housing;
 
 "(ii) for assistance under subsections (b)(1) and (o) of section 8,
not more than $1,880,000,000, of which the Secretary shall use such
amounts as may be necessary to provide not more than 1,000 certificates
for purposes of replacement assistance under section 304(g) of the
United States Housing Act of 1937; except that not more than 50 percent
of the amounts appropriated under this clause may be used for vouchers
under section 8(o).
 
 "(iii) for assistance under section 8 in connection with projects
developed under section 202 of the Housing Act of 1959, not more than
$1,200,000,000;
 
 "(iv) for comprehensive improvement assistance grants under section
14(k), not more than $2,150,000,000, of which not more than $3,000,000
shall be available for resident home ownership financial assistance
under section 21(a)(2)(B);
 
 "(v) for assistance under section 8 for property disposition, not more
than $420,000,000;
 
 "(vi) for assistance under section 8 for loan management, not more
than $160,000,000;
 
 "(vii) for extensions of contracts expiring under section 8, not more
than $7,735,000,000 which shall be for 5-year contracts for certificates
under section 8(b)(1) and vouchers under section 8(o), and for
assistance under section 8 for loan management;
 
 "(viii) for amendments to contracts under section 8, not more than
$1,620,500,000;
 
 "(ix) for public housing lease adjustments and amendments, not more
than $207,300,000; and
 
 "(x) for public housing replacement activities, not more than
$79,100,000.
 
 "(B) Using the additional budget authority provided under paragraph
(6) and the balances of budget authority that become available during
fiscal year 1992, the Secretary shall, to the extent approved in
appropriations Acts, reserve authority to enter into obligations
aggregating-
 
 "(i) for public housing grants under subsection (a)(2), not more than
$812,300,000, of which amount not more than $237,800,000 shall be
available for Indian housing;
 
 "(ii) for assistance under subsections (b)(1) and (o) of section 8,
not more than $1,960,800,000, of which the Secretary shall use such
amounts as may be necessary to provide not more than 1,000 certificates
for purposes of replacement assistance under section 304(g) of the
United States Housing Act of 1937; except that not more than 50 percent
of the amounts appropriated under this clause may be used for vouchers
under section 8(o).
 
 "(iii) for comprehensive improvement assistance grants under section
14(k), not more than $2,242,500,000;
 
 "(iv) for assistance under section 8 for property disposition, not
more than $438,100,000;
 
 "(v) for assistance under section 8 for loan management, not more than
$166,900,000;
 
 "(vi) for extensions of contracts expiring under section 8, not more
than $7,100,000,000 which shall be for 5-year contracts for certificates
under section 8(b)(1) and vouchers under section 8(o), and for
assistance under section 8 for loan management;
 
 "(vii) for amendments to contracts under section 8, not more than
$1,690,200,000;
 
 "(viii) for public housing lease adjustments and amendments, not more
than $216,100,000; and
 
 "(ix) for public housing replacement activities, not more than
$82,500,000.".