PUBLIC LAW 102-550—OCT. 28, 1992

106 STAT. 3907

tion with existing structures may also include the evalua-
tion and reduction of lead-based paint hazards."; and

(B) by adding at the end the following:
"(4) the terms 'evaluation', 'reduction', and lead-based paint
hazard' have the same meanings given those terms in section
1004 of the Residential Lead-Based Paint Hazard Reduction
Act of 1992.".

(2) REHABILITATION LOANS.—Section 203(kX2)(B) of the
National Housing Act (12 U.S.C. 1709(k)(2XB)) is amended
by adding at the end the following: 'The term 'rehabilitation*
may also include measures to evaluate and reduce lead-based
paint hazards, as such terms are defined in section 1004 of
the Residential Lead-Based Paint Hazard Reduction Act of
1992.".

(1) FHA INSURANCE FOR MULTIFAMILY HOUSING.—Section
221(d)(4)(iv) of the National Housing Act (12 U.S.C. 17151(d)(4Xiv))
is amended by inserting after "rehabilitation" the first time it
appears the following: "(including the cost of evaluating and reduc-
ing lead-based paint hazards, as such terms are defined in section
1004 of the Residential Lead-Based Paint Hazard Reduction Act
of 1992)".

(m) RURAL HOUSING.—Section 501(a) of the Housing Act of
1949 (42 U.S.C. 1471) is amended by adding at the end the follow-
ing:

"(5) DEFINITIONS.—For purposes of this title, the terms
'repair', 'repairs', 'rehabilitate', and 'rehabilitation' include
measures to evaluate and reduce lead-based paint hazards,
as such terms are defined in section 1004 of the Residential
Lead-Based Paint Hazard Reduction Act of 1992.".

SEC. 1013. DISPOSITION OF FEDERALLY OWNED HOUSING.

Section 302(a) of the Lead-Based Paint Poisoning Prevention
Act (42 U.S.C. 4822(a)) (as amended by section 1012(a)) is amended
by striking the fourth sentence and adding at the end the following:
"(3) DISPOSITION OF FEDERALLY OWNED HOUSING.—

"(A) PRE-1960 TARGET HOUSING.—Beginning on January
1, 1995, procedures established under paragraphs (1) and
(2) shall require the inspection and abatement of lead-
based paint hazards in all federally owned target housing
constructed prior to 1960.

"(B) TARGET HOUSING CONSTRUCTED BETWEEN i%o AND
1978.—Beginning on January 1, 1995, procedures estab-
lished under paragraphs (1) and (2) shall require an inspec-
tion for lead-based paint and lead-based paint hazards
in all federally owned target housing constructed between
1960 and 1978. The results of such inspections shall be
made available to prospective purchasers, identifying the
presence of lead-based paint and lead-based paint hazards
on a surface-by-surface basis. The Secretary shall have
the discretion to waive the requirement of this subpara-
graph for housing in which a federally funded risk assess-
ment, performed by a certified contractor, has determined
no lead-based paint hazards are present.

"(C) BUDGET AUTHORITY.—To the extent that subpara-
graphs (A) and (B) increase the cost to the Government
of outstanding direct loan obligations or loan guarantee
commitments, such activities shall be treated as modifica-