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us/statute/12/1701s/m/2 · Axiom

Payments for benefit of certain projects having mortgages made by State or local housing finance or government agencies

2 rules0 of 2 subsections

The Secretary shall, not later than 45 days after receipt of an application by the mortgagee, provide interest reduction and rental assistance payments for the benefit of projects assisted under this section whose mortgages were made by State or local housing finance agencies or State or local government agencies for a term equal to the remaining mortgage term to maturity on projects assisted under this section to the extent of—

(1)#

unexpended balances of amounts of authority as set forth in certain letter agreements between the Department of Housing and Urban Development and such State or local housing finance agencies or State or local government agencies, and

(2)#

existing allocation under section 236 contracts on projects whose mortgages were made by State or local housing finance agencies or State or local government agencies which are not being funded, to the extent of such excess allocation, for any purposes permitted under the provisions of this section.

An application shall be eligible for assistance under the previous sentence only if the mortgagee submits the application within 548 days after February 5, 1988 , along with a certification of the mortgagee that amounts are to be utilized hereunder for the purpose of either (A) reducing rents or rent increases to tenants, or (B) making repairs or otherwise increasing the economic viability of a related project. Unexpended balances referred to in the first sentence of this subsection which remain after disposition of all such applications is favorably concluded shall be rescinded. The authority conferred by this subsection to provide interest reduction and rental assistance payments shall be available only to the extent approved in appropriation Acts.

in view

Whole section

Encodings · 2

mortgagee_application_payment_deadline_days12 USC § 1701s (m) · parameter

12 USC 1701s(m)

name: mortgagee_application_payment_deadline_days
kind: parameter
dtype: Count
source: 12 USC 1701s(m)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/12/1701s
          excerpt: not later than 45 days after receipt of an application
versions:
  - effective_from: '0001-01-01'
    formula: '45'

mortgagee_application_submission_window_days12 USC § 1701s (m) · parameter

12 USC 1701s(m)

name: mortgagee_application_submission_window_days
kind: parameter
dtype: Count
source: 12 USC 1701s(m)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/12/1701s
          excerpt: within 548 days after February 5, 1988
versions:
  - effective_from: '1988-02-05'
    formula: '548'

▸rulespec code

Shown source

statutes/12/1701s.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/12/1701s; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

contract_payment_maximum_term_years

Parameter

source: 12 USC 1701s(a)

- name: contract_payment_maximum_term_years
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: a period exceeding forty years
  versions:
    - effective_from: '0001-01-01'
      formula: '40'

pre_july_1969_annual_payment_cap

Parameter

source: 12 USC 1701s(a)

- name: pre_july_1969_annual_payment_cap
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: $150,000,000 per annum prior to July 1, 1969
  versions:
    - effective_from: '0001-01-01'
      formula: '150000000'

first_annual_payment_cap_increase

Parameter

source: 12 USC 1701s(a)

- name: first_annual_payment_cap_increase
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: increased by $40,000,000, on July 1, 1969
  versions:
    - effective_from: '1969-07-01'
      formula: '40000000'

second_annual_payment_cap_increase

Parameter

source: 12 USC 1701s(a)

- name: second_annual_payment_cap_increase
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: by $100,000,000 on July 1, 1970
  versions:
    - effective_from: '1970-07-01'
      formula: '100000000'

third_annual_payment_cap_increase

Parameter

source: 12 USC 1701s(a)

- name: third_annual_payment_cap_increase
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: by $40,000,000 on July 1, 1971
  versions:
    - effective_from: '1971-07-01'
      formula: '40000000'

no_kitchen_facilities_contract_share_cap

Parameter

source: 12 USC 1701s(b)

- name: no_kitchen_facilities_contract_share_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not more than 10 per centum in the aggregate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.10'

fair_market_rent_payment_percentage

Parameter

source: 12 USC 1701s(d)

- name: fair_market_rent_payment_percentage
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: 70 per centum of the fair market rent
  versions:
    - effective_from: '0001-01-01'
      formula: '0.70'

adjusted_income_rent_contribution_percentage

Parameter

source: 12 USC 1701s(d)

- name: adjusted_income_rent_contribution_percentage
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: 30 per centum of the tenant's adjusted income
  versions:
    - effective_from: '0001-01-01'
      formula: '0.30'

annual_income_recertification_minimum_frequency_years

Parameter

source: 12 USC 1701s(e)

- name: annual_income_recertification_minimum_frequency_years
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: no less frequently than annually
  versions:
    - effective_from: '0001-01-01'
      formula: '1'

contract_amendment_rent_increase_coverage_rate

Parameter

source: 12 USC 1701s(g)

- name: contract_amendment_rent_increase_coverage_rate
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(g)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: cover 100 percent of the necessary rent increases
  versions:
    - effective_from: '0001-01-01'
      formula: '1.00'

loan_property_unit_payment_cap

Parameter

source: 12 USC 1701s(j)

- name: loan_property_unit_payment_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not be made with respect to more than 20 per centum of the dwelling units
  versions:
    - effective_from: '0001-01-01'
      formula: '0.20'

section_236_property_unit_payment_increased_cap

Parameter

source: 12 USC 1701s(j)

- name: section_236_property_unit_payment_increased_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: increased to 40 per centum of the dwelling units
  versions:
    - effective_from: '0001-01-01'
      formula: '0.40'

paragraph_1_a_property_appropriation_payment_cap

Parameter

source: 12 USC 1701s(j)

- name: paragraph_1_a_property_appropriation_payment_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not more than 5 per centum in the aggregate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.05'

paragraph_1_b_and_1_c_property_appropriation_payment_cap

Parameter

source: 12 USC 1701s(j)

- name: paragraph_1_b_and_1_c_property_appropriation_payment_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not more than 5 per centum in the aggregate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.05'

mortgagee_application_payment_deadline_days

Parameter

source: 12 USC 1701s(m)

- name: mortgagee_application_payment_deadline_days
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(m)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not later than 45 days after receipt of an application
  versions:
    - effective_from: '0001-01-01'
      formula: '45'

mortgagee_application_submission_window_days

Parameter

source: 12 USC 1701s(m)

- name: mortgagee_application_submission_window_days
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(m)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: within 548 days after February 5, 1988
  versions:
    - effective_from: '1988-02-05'
      formula: '548'

rental_charge_within_fair_market_rental_limit

Derived

source: 12 USC 1701s(e)

- name: rental_charge_within_fair_market_rental_limit
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 12 USC 1701s(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: >-
              in no event shall rental charges adjusted under this section for any dwelling exceed
              the fair market rental
  versions:
    - effective_from: '0001-01-01'
      formula: adjusted_rental_charge <= fair_market_rental

property_operation_costs_do_not_bar_payments

Derived

source: 12 USC 1701s(e)

- name: property_operation_costs_do_not_bar_payments
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 12 USC 1701s(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: >-
              No payments under this section may be made with respect to any property for which the
              costs of operation ... are ... greater than similar costs
  versions:
    - effective_from: '0001-01-01'
      formula: not secretary_determines_property_operation_costs_are_greater_than_similar_housing_costs

▸citations (1)

References

This rule cites 1 other rule.

12 USC § 236inferredUS Federal › Statutes › Title 12 › § 236

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Payments for benefit of certain projects having mortgages made by State or local housing finance or government agencies

2 rules0 of 2 subsections

Official source

graph ↗build calculator ↗

(1)#

(2)#

in view

Whole section

Encodings · 2

mortgagee_application_payment_deadline_days12 USC § 1701s (m) · parameter

12 USC 1701s(m)

name: mortgagee_application_payment_deadline_days
kind: parameter
dtype: Count
source: 12 USC 1701s(m)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/12/1701s
          excerpt: not later than 45 days after receipt of an application
versions:
  - effective_from: '0001-01-01'
    formula: '45'

mortgagee_application_submission_window_days12 USC § 1701s (m) · parameter

12 USC 1701s(m)

name: mortgagee_application_submission_window_days
kind: parameter
dtype: Count
source: 12 USC 1701s(m)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/12/1701s
          excerpt: within 548 days after February 5, 1988
versions:
  - effective_from: '1988-02-05'
    formula: '548'

▸rulespec code

Shown source

statutes/12/1701s.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/12/1701s; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

contract_payment_maximum_term_years

Parameter

source: 12 USC 1701s(a)

- name: contract_payment_maximum_term_years
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: a period exceeding forty years
  versions:
    - effective_from: '0001-01-01'
      formula: '40'

pre_july_1969_annual_payment_cap

Parameter

source: 12 USC 1701s(a)

- name: pre_july_1969_annual_payment_cap
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: $150,000,000 per annum prior to July 1, 1969
  versions:
    - effective_from: '0001-01-01'
      formula: '150000000'

first_annual_payment_cap_increase

Parameter

source: 12 USC 1701s(a)

- name: first_annual_payment_cap_increase
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: increased by $40,000,000, on July 1, 1969
  versions:
    - effective_from: '1969-07-01'
      formula: '40000000'

second_annual_payment_cap_increase

Parameter

source: 12 USC 1701s(a)

- name: second_annual_payment_cap_increase
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: by $100,000,000 on July 1, 1970
  versions:
    - effective_from: '1970-07-01'
      formula: '100000000'

third_annual_payment_cap_increase

Parameter

source: 12 USC 1701s(a)

- name: third_annual_payment_cap_increase
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: by $40,000,000 on July 1, 1971
  versions:
    - effective_from: '1971-07-01'
      formula: '40000000'

no_kitchen_facilities_contract_share_cap

Parameter

source: 12 USC 1701s(b)

- name: no_kitchen_facilities_contract_share_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not more than 10 per centum in the aggregate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.10'

fair_market_rent_payment_percentage

Parameter

source: 12 USC 1701s(d)

- name: fair_market_rent_payment_percentage
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: 70 per centum of the fair market rent
  versions:
    - effective_from: '0001-01-01'
      formula: '0.70'

adjusted_income_rent_contribution_percentage

Parameter

source: 12 USC 1701s(d)

- name: adjusted_income_rent_contribution_percentage
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: 30 per centum of the tenant's adjusted income
  versions:
    - effective_from: '0001-01-01'
      formula: '0.30'

annual_income_recertification_minimum_frequency_years

Parameter

source: 12 USC 1701s(e)

- name: annual_income_recertification_minimum_frequency_years
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: no less frequently than annually
  versions:
    - effective_from: '0001-01-01'
      formula: '1'

contract_amendment_rent_increase_coverage_rate

Parameter

source: 12 USC 1701s(g)

- name: contract_amendment_rent_increase_coverage_rate
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(g)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: cover 100 percent of the necessary rent increases
  versions:
    - effective_from: '0001-01-01'
      formula: '1.00'

loan_property_unit_payment_cap

Parameter

source: 12 USC 1701s(j)

- name: loan_property_unit_payment_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not be made with respect to more than 20 per centum of the dwelling units
  versions:
    - effective_from: '0001-01-01'
      formula: '0.20'

section_236_property_unit_payment_increased_cap

Parameter

source: 12 USC 1701s(j)

- name: section_236_property_unit_payment_increased_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: increased to 40 per centum of the dwelling units
  versions:
    - effective_from: '0001-01-01'
      formula: '0.40'

paragraph_1_a_property_appropriation_payment_cap

Parameter

source: 12 USC 1701s(j)

- name: paragraph_1_a_property_appropriation_payment_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not more than 5 per centum in the aggregate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.05'

paragraph_1_b_and_1_c_property_appropriation_payment_cap

Parameter

source: 12 USC 1701s(j)

- name: paragraph_1_b_and_1_c_property_appropriation_payment_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not more than 5 per centum in the aggregate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.05'

mortgagee_application_payment_deadline_days

Parameter

source: 12 USC 1701s(m)

- name: mortgagee_application_payment_deadline_days
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(m)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not later than 45 days after receipt of an application
  versions:
    - effective_from: '0001-01-01'
      formula: '45'

mortgagee_application_submission_window_days

Parameter

source: 12 USC 1701s(m)

- name: mortgagee_application_submission_window_days
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(m)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: within 548 days after February 5, 1988
  versions:
    - effective_from: '1988-02-05'
      formula: '548'

rental_charge_within_fair_market_rental_limit

Derived

source: 12 USC 1701s(e)

- name: rental_charge_within_fair_market_rental_limit
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 12 USC 1701s(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: >-
              in no event shall rental charges adjusted under this section for any dwelling exceed
              the fair market rental
  versions:
    - effective_from: '0001-01-01'
      formula: adjusted_rental_charge <= fair_market_rental

property_operation_costs_do_not_bar_payments

Derived

source: 12 USC 1701s(e)

- name: property_operation_costs_do_not_bar_payments
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 12 USC 1701s(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: >-
              No payments under this section may be made with respect to any property for which the
              costs of operation ... are ... greater than similar costs
  versions:
    - effective_from: '0001-01-01'
      formula: not secretary_determines_property_operation_costs_are_greater_than_similar_housing_costs

▸citations (1)

References

This rule cites 1 other rule.

12 USC § 236inferredUS Federal › Statutes › Title 12 › § 236