SEC-701 -- PROGRAM AUTHORIZATIONS.


 (a) Insurance and Guarantee Authority.-Section 513(a)(1) of the Housing
Act of 1949 (42 U.S.C. 1483(a)(1)) is amended to read as follows:

 "(a)(1) The Secretary may, to the extent approved in appropriation
Acts, insure and guarantee loans under this title during fiscal years
1991 and 1992, in aggregate amounts not to exceed $2,125,800,000 and
$2,217,150,000, respectively, as follows:

 "(A) For insured or guaranteed loans under section 502 on behalf of
low income borrowers receiving assistance under section 521(a)(1),
$1,391,300,000 for fiscal year 1991 and $1,451,100,000 for fiscal year
1992.

 "(B) For guaranteed loans under section 502(h) on behalf of low and
moderate income borrowers, such sums as may be appropriated for fiscal
years 1991 and 1992.

 "(C) For loans under section 504, $11,900,000 for fiscal year 1991 and
$12,400,000 for fiscal year 1992.

 "(D) For insured loans under section 514, $12,000,000 for fiscal year
1991 and $12,500,000 for fiscal year 1992.

 "(E) For insured loans under section 515, $709,000,000 for fiscal year
1991 and $739,500,000 for fiscal year 1992.

 "(F) For loans under section 523(b)(1)(B), $800,000 for fiscal year
1991 and $800,000 for fiscal year 1992.

 "(G) For site loans under section 524, $800,000 for fiscal year 1991
and $850,000 for fiscal year 1992.".

 (b) Authorization of Appropriations.-Section 513(b) of the Housing Act
of 1949 (42 U.S.C. 1483(b)) is amended to read as follows:

 "(b) There are authorized to be appropriated for fiscal years 1991 and
1992, and to remain available until expended, the following amounts:

 "(1) For grants under section 502(f)(1), $1,000,000 for fiscal year
1991 and $1,100,000 for fiscal year 1992.

 "(2) For grants under section 504, $20,200,000 for fiscal year 1991
and $21,100,000 for fiscal year 1992.

 "(3) For purposes of section 509(c), $550,000 for fiscal year 1991 and
$600,000 for fiscal year 1992.

 "(4) For project preparation grants under section 509(f)(6),
$5,000,000 in fiscal year 1991 and $5,300,000 in fiscal year 1992.

 "(5) In fiscal years 1991 and 1992, such sums as may be necessary to
meet payments on notes or other obligations issued by the Secretary
under section 511 equal to-

 "(A) the aggregate of the contributions made by the Secretary in the
form of credits on principal due on loans made pursuant to section 503;
and

 "(B) the interest due on a similar sum represented by notes or other
obligations issued by the Secretary.

 "(6) For financial assistance under section 516-

 "(A) for low-rent housing and related facilities for domestic farm
labor under subsections (a) through (j) of such section, $20,900,000 for
fiscal year 1991 and $21,700,000 for fiscal year 1992; and

 "(B) for housing for rural homeless and migrant farmworkers under
subsection (k) of such section, $10,000,000 for fiscal year 1991 and
$10,500,000 for fiscal year 1992.

 "(7) For grants under section 523(f), $13,400,000 for fiscal year 1991
and $13,900,000 for fiscal year 1992.

 "(8) For grants under section 533, $29,600,000 for fiscal year 1991
and $30,800,000 for fiscal year 1992.".

 (c) Rental Assistance Payment Contracts.-Section 513(c)(1) of the
Housing Act of 1949 (42 U.S.C. 1483(c)(1)) is amended to read as
follows:

 "(c)(1) The Secretary, to the extent approved in appropriation Acts
for fiscal years 1991 and 1992, may enter into rental assistance payment
contracts under section 521(a)(2)(A) aggregating $397,000,000 for fiscal
year 1991 and $414,100,000 for fiscal year 1992.".

 (d) Supplemental Rental Assistance Contracts.-Section 513(d) of the
Housing Act of 1949 (42 U.S.C. 1483(d)) is amended to read as follows:

 "(d) The Secretary, to the extent approved in appropriation Acts for
fiscal years 1991 and 1992, may enter into 5-year supplemental rental
assistance contracts under section 502(c)(5)(D) aggregating $5,200,000
for fiscal year 1991 and $5,500,000 for fiscal year 1992.".

 (e) Rental Housing Loan Authority.-Section 515(b)(4) of the Housing Act
of 1949 (42 U.S.C. 1485(b)(4)) is amended by striking "September 30,
1990" and inserting "September 30, 1991".

 (f) Mutual and Self-Help Housing Grant and Loan Authority.-Section
523(f) of the Housing Act of 1949 (42 U.S.C. 1490c(f)) is amended by
striking "September 30, 1990" and inserting "September 30, 1991".