PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 3933

only to a family having an income not exceeding the amount
specified in section 1103(cX2).

(3) INTEREST.—Any assistance provided under this section
for a building or dwelling unit shall bear interest at a rate
equivalent to the rate for the most recently marketable obliga-
tions issued by the United States Treasury have terms of
10 years. The interest on such assistance shall be required
to be repaid only upon sale of the building.

(4) DISCOUNTED REPAYMENT.—The assistance provided
under this section for any building containing rental units
or any dwelling unit available for purchase by the occupant
shall be considered to have been repaid for purposes of this
subsection if the original purchaser of the building or the dwell-
ing unit pays to the Secretary an amount equal to 50 percent
of the amount of the assistance provided under this section.
(e) AUTHORIZATION OF APPROPRIATIONS.—There are authorized

to be appropriated for fiscal years 1993 and 1994 such sums as
may be necessary for providing assistance under this section.

SEC. 1106. COMMUNITY DEVELOPMENT ASSISTANCE.

(a) IN GENERAL.—The Secretary shall provide assistance under
this section, to the extent amounts are provided in appropriation
Acts under subsection (h), to units of general local government
to address vital unmet needs and to promote the creation of jobs
and economic development in connection with the new town dem-
onstration programs carried out under this title.

(b) ELIGIBLE UNITS OF GENERAL LOCAL GOVERNMENT.—Assist-
ance may be provided under this section only to units of general
local government^—

(1) within whose boundaries are located any portion of
the new town demonstration areas described under the new
town demonstration plans for the demonstration programs car-
ried out under this title;

(2) that make the certifications to the Secretary required
under subsection (c); and

(3) that will comply with a residential antidisplacement
and relocation assistance plan described in subsection (d).

(c) REQUIRED CERTIFICATIONS.—The certifications referred to
in subsection (bX2) shall be certifications that—

(1) the assistance will be conducted and administered in
conformity with the Civil Rights Act of 1964 and the Civil
Rights Act of 1968, and the unit of general local government
will affirmatively further fair housing;

(2) the projected use of funds has been developed in a
manner that gives maximum feasible priority to activities which
are designed to meet community development needs that have
been delayed because of the lack of fiscal resources of the
unit of general local government or which are designed to
address conditions that pose a serious and immediate threat
to the health or welfare or the community;

(3) any projected use of funds for public services will benefit
primarily low- and moderate-income families;

(4) the unit of general local government will not attempt
to recover any capital costs of public improvements assisted
in whole or part under this section by assessing any amount
against properties owned and occupied by persons of low- and
moderate-income, including any fee charged or assessment