us/statute/42/1486/a/1

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the housing and related facilities for which financial assistance is requested will fulfill a pressing need in the area in which such housing and facilities will be located, and there is reasonable doubt that the same can be provided without financial assistance under this section;

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statutes/42/1486.yaml

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Rules

applicant_minimum_contribution_rate

Parameter

source: 42 USC 1486(a)(2)

- name: applicant_minimum_contribution_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(a)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: at least 10 per centum of the total development cost
  versions:
    - effective_from: '0001-01-01'
      formula: '0.10'

financial_assistance_maximum_development_cost_rate

Parameter

source: 42 USC 1486(b)

- name: financial_assistance_maximum_development_cost_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: shall not exceed 90 per centum of the total development cost
  versions:
    - effective_from: '0001-01-01'
      formula: '0.90'

migrant_farmworker_housing_development_cost_assistance_rate

Parameter

source: 42 USC 1486(h)

- name: migrant_farmworker_housing_development_cost_assistance_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(h)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: provide assistance ... for 90 per centum of the development costs
  versions:
    - effective_from: '0001-01-01'
      formula: '0.90'

fiscal_year_farm_labor_housing_nonprofit_assistance_limit_rate

Parameter

source: 42 USC 1486(i)

- name: fiscal_year_farm_labor_housing_nonprofit_assistance_limit_rate
  kind: parameter
  dtype: Rate
  period: Year
  source: 42 USC 1486(i)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: not more than 10 per centum of the amounts available for any fiscal year
  versions:
    - effective_from: '0001-01-01'
      formula: '0.10'

existing_or_new_structure_advance_cap

Parameter

source: 42 USC 1486(k)(2)(A)(i)

- name: existing_or_new_structure_advance_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)(2)(A)(i)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: An advance, in an amount not to exceed $400,000
  versions:
    - effective_from: '1990-11-28'
      formula: '400000'

moderate_rehabilitation_grant_cap

Parameter

source: 42 USC 1486(k)(2)(A)(ii)

- name: moderate_rehabilitation_grant_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)(2)(A)(ii)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: A grant, in an amount not to exceed $400,000
  versions:
    - effective_from: '1990-11-28'
      formula: '400000'

annual_operating_cost_payment_limit_rate

Parameter

source: 42 USC 1486(k)(2)(A)(iii)

- name: annual_operating_cost_payment_limit_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(k)(2)(A)(iii)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: not to exceed 75 percent of the annual operating costs
  versions:
    - effective_from: '1990-11-28'
      formula: '0.75'

high_cost_area_advance_or_grant_cap

Parameter

source: 42 USC 1486(k)(2)(B)

- name: high_cost_area_advance_or_grant_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: increase the limit ... to $800,000
  versions:
    - effective_from: '1990-11-28'
      formula: '800000'

full_advance_repayment_use_period_limit_years

Parameter

source: 42 USC 1486(k)(2)(C)

- name: full_advance_repayment_use_period_limit_years
  kind: parameter
  dtype: Count
  source: 42 USC 1486(k)(2)(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: for fewer than 10 years following initial occupancy
  versions:
    - effective_from: '1990-11-28'
      formula: '10'

full_advance_repayment_rate

Parameter

source: 42 USC 1486(k)(2)(C)

- name: full_advance_repayment_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(k)(2)(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: repay 100 percent of the advance
  versions:
    - effective_from: '1990-11-28'
      formula: '1'

advance_repayment_annual_reduction_percentage_points

Parameter

source: 42 USC 1486(k)(2)(C)

- name: advance_repayment_annual_reduction_percentage_points
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(k)(2)(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: reduced by 10 percentage points for each year in excess of 10
  versions:
    - effective_from: '1990-11-28'
      formula: '0.10'

undue_benefit_disposition_period_years

Parameter

source: 42 USC 1486(k)(2)(D)

- name: undue_benefit_disposition_period_years
  kind: parameter
  dtype: Count
  source: 42 USC 1486(k)(2)(D)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: prior to the close of 20 years after the housing is placed in service
  versions:
    - effective_from: '1990-11-28'
      formula: '20'

site_control_award_deadline_months

Parameter

source: 42 USC 1486(k)(3)(A)(iv)

- name: site_control_award_deadline_months
  kind: parameter
  dtype: Count
  source: 42 USC 1486(k)(3)(A)(iv)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: not later than 6 months after notification of an award
  versions:
    - effective_from: '1990-11-28'
      formula: '6'

grant_recapture_site_control_deadline_years

Parameter

source: 42 USC 1486(k)(3)(A)(iv)

- name: grant_recapture_site_control_deadline_years
  kind: parameter
  dtype: Count
  source: 42 USC 1486(k)(3)(A)(iv)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: within 1 year after notification of an award
  versions:
    - effective_from: '1990-11-28'
      formula: '1'

application_operation_assurance_minimum_years

Parameter

source: 42 USC 1486(k)(3)(A)(ii)

- name: application_operation_assurance_minimum_years
  kind: parameter
  dtype: Count
  source: 42 USC 1486(k)(3)(A)(ii)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: operated for not less than 10 years
  versions:
    - effective_from: '1990-11-28'
      formula: '10'

regulation_notice_deadline_days

Parameter

source: 42 USC 1486(k)(4)(A)

- name: regulation_notice_deadline_days
  kind: parameter
  dtype: Count
  source: 42 USC 1486(k)(4)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: Not later than 120 days after November 28, 1990
  versions:
    - effective_from: '1990-11-28'
      formula: '120'

administrative_expense_limit_rate

Parameter

source: 42 USC 1486(k)(5)

- name: administrative_expense_limit_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(k)(5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: No recipient may use more than 5 percent
  versions:
    - effective_from: '1990-11-28'
      formula: '0.05'

smoke_alarm_primary_battery_minimum_years

Parameter

source: 42 USC 1486(g)

- name: smoke_alarm_primary_battery_minimum_years
  kind: parameter
  dtype: Count
  source: 42 USC 1486(g)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: uses 10-year non rechargeable, nonreplaceable primary batteries
  versions:
    - effective_from: '2022-12-29'
      formula: '10'

annual_operating_cost_payment_maximum

Derived

source: 42 USC 1486(k)

- name: annual_operating_cost_payment_maximum
  kind: derived
  entity: HousingProject
  dtype: Money
  period: Year
  unit: USD
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: >-
              Annual payments for operating costs ... not to exceed 75 percent of the annual
              operating costs
  versions:
    - effective_from: '1990-11-28'
      formula: annual_operating_cost_payment_limit_rate * max(0, annual_operating_costs)

advance_repayment_rate

Derived

source: 42 USC 1486(k)

- name: advance_repayment_rate
  kind: derived
  entity: HousingProject
  dtype: Rate
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: >-
              100 percent of the advance ... reduced by 10 percentage points for each year in excess
              of 10
  versions:
    - effective_from: '1990-11-28'
      formula: >-
        if years_used_for_subsection_purposes < full_advance_repayment_use_period_limit_years:
        full_advance_repayment_rate else: max(0, full_advance_repayment_rate -
        (advance_repayment_annual_reduction_percentage_points * max(0,
        years_used_for_subsection_purposes - full_advance_repayment_use_period_limit_years)))

advance_repayment_amount

Derived

source: 42 USC 1486(k)

- name: advance_repayment_amount
  kind: derived
  entity: HousingProject
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: Any advance ... shall be repaid ... when the project ceases to be used
  versions:
    - effective_from: '1990-11-28'
      formula: >-
        if project_ceases_to_be_used_as_housing_under_subsection: max(0, advance_amount_received) *
        advance_repayment_rate else: 0

administrative_expense_maximum

Derived

source: 42 USC 1486(k)

- name: administrative_expense_maximum
  kind: derived
  entity: HousingProject
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: No recipient may use more than 5 percent of an advance or grant
  versions:
    - effective_from: '1990-11-28'
      formula: administrative_expense_limit_rate * max(0, advance_or_grant_received)

advance_cap_for_area

Derived

source: 42 USC 1486(k)

- name: advance_cap_for_area
  kind: derived
  entity: HousingProject
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: >-
              The Secretary may increase the limit ... to $800,000 in areas ... high acquisition and
              rehabilitation costs.
  versions:
    - effective_from: '1990-11-28'
      formula: >-
        if secretary_finds_area_has_high_acquisition_and_rehabilitation_costs:
        high_cost_area_advance_or_grant_cap else: existing_or_new_structure_advance_cap

moderate_rehabilitation_grant_cap_for_area

Derived

source: 42 USC 1486(k)

- name: moderate_rehabilitation_grant_cap_for_area
  kind: derived
  entity: HousingProject
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: >-
              The Secretary may increase the limit ... to $800,000 in areas ... high acquisition and
              rehabilitation costs.
  versions:
    - effective_from: '1990-11-28'
      formula: >-
        if secretary_finds_area_has_high_acquisition_and_rehabilitation_costs:
        high_cost_area_advance_or_grant_cap else: moderate_rehabilitation_grant_cap

grant_recapture_required_for_site_control_failure

Derived

source: 42 USC 1486(k)

- name: grant_recapture_required_for_site_control_failure
  kind: derived
  entity: HousingProject
  dtype: Judgment
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: >-
              If an applicant fails to obtain ownership or control of the site within 1 year ... the
              grant shall be recaptured
  versions:
    - effective_from: '1990-11-28'
      formula: applicant_failed_to_obtain_site_ownership_or_control_within_recapture_deadline

other_public_funds_replacement_prohibited

Derived

source: 42 USC 1486(k)

- name: other_public_funds_replacement_prohibited
  kind: derived
  entity: HousingProject
  dtype: Judgment
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: >-
              No assistance received under this subsection ... may be used to replace other public
              funds
  versions:
    - effective_from: '1990-11-28'
      formula: >-
        assistance_or_supplemental_funds_used_to_replace_other_public_funds_previously_used_or_designated

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us/statute/42/1486/a/1 · Axiom

Official source

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statutes/42/1486.yaml

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Rules

applicant_minimum_contribution_rate

Parameter

source: 42 USC 1486(a)(2)

- name: applicant_minimum_contribution_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(a)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: at least 10 per centum of the total development cost
  versions:
    - effective_from: '0001-01-01'
      formula: '0.10'

financial_assistance_maximum_development_cost_rate

Parameter

source: 42 USC 1486(b)

- name: financial_assistance_maximum_development_cost_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: shall not exceed 90 per centum of the total development cost
  versions:
    - effective_from: '0001-01-01'
      formula: '0.90'

migrant_farmworker_housing_development_cost_assistance_rate

Parameter

source: 42 USC 1486(h)

- name: migrant_farmworker_housing_development_cost_assistance_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(h)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: provide assistance ... for 90 per centum of the development costs
  versions:
    - effective_from: '0001-01-01'
      formula: '0.90'

fiscal_year_farm_labor_housing_nonprofit_assistance_limit_rate

Parameter

source: 42 USC 1486(i)

- name: fiscal_year_farm_labor_housing_nonprofit_assistance_limit_rate
  kind: parameter
  dtype: Rate
  period: Year
  source: 42 USC 1486(i)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: not more than 10 per centum of the amounts available for any fiscal year
  versions:
    - effective_from: '0001-01-01'
      formula: '0.10'

existing_or_new_structure_advance_cap

Parameter

source: 42 USC 1486(k)(2)(A)(i)

- name: existing_or_new_structure_advance_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)(2)(A)(i)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: An advance, in an amount not to exceed $400,000
  versions:
    - effective_from: '1990-11-28'
      formula: '400000'

moderate_rehabilitation_grant_cap

Parameter

source: 42 USC 1486(k)(2)(A)(ii)

- name: moderate_rehabilitation_grant_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)(2)(A)(ii)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: A grant, in an amount not to exceed $400,000
  versions:
    - effective_from: '1990-11-28'
      formula: '400000'

annual_operating_cost_payment_limit_rate

Parameter

source: 42 USC 1486(k)(2)(A)(iii)

- name: annual_operating_cost_payment_limit_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(k)(2)(A)(iii)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: not to exceed 75 percent of the annual operating costs
  versions:
    - effective_from: '1990-11-28'
      formula: '0.75'

high_cost_area_advance_or_grant_cap

Parameter

source: 42 USC 1486(k)(2)(B)

- name: high_cost_area_advance_or_grant_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: increase the limit ... to $800,000
  versions:
    - effective_from: '1990-11-28'
      formula: '800000'

full_advance_repayment_use_period_limit_years

Parameter

source: 42 USC 1486(k)(2)(C)

- name: full_advance_repayment_use_period_limit_years
  kind: parameter
  dtype: Count
  source: 42 USC 1486(k)(2)(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: for fewer than 10 years following initial occupancy
  versions:
    - effective_from: '1990-11-28'
      formula: '10'

full_advance_repayment_rate

Parameter

source: 42 USC 1486(k)(2)(C)

- name: full_advance_repayment_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(k)(2)(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: repay 100 percent of the advance
  versions:
    - effective_from: '1990-11-28'
      formula: '1'

advance_repayment_annual_reduction_percentage_points

Parameter

source: 42 USC 1486(k)(2)(C)

- name: advance_repayment_annual_reduction_percentage_points
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(k)(2)(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: reduced by 10 percentage points for each year in excess of 10
  versions:
    - effective_from: '1990-11-28'
      formula: '0.10'

undue_benefit_disposition_period_years

Parameter

source: 42 USC 1486(k)(2)(D)

- name: undue_benefit_disposition_period_years
  kind: parameter
  dtype: Count
  source: 42 USC 1486(k)(2)(D)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: prior to the close of 20 years after the housing is placed in service
  versions:
    - effective_from: '1990-11-28'
      formula: '20'

site_control_award_deadline_months

Parameter

source: 42 USC 1486(k)(3)(A)(iv)

- name: site_control_award_deadline_months
  kind: parameter
  dtype: Count
  source: 42 USC 1486(k)(3)(A)(iv)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: not later than 6 months after notification of an award
  versions:
    - effective_from: '1990-11-28'
      formula: '6'

grant_recapture_site_control_deadline_years

Parameter

source: 42 USC 1486(k)(3)(A)(iv)

- name: grant_recapture_site_control_deadline_years
  kind: parameter
  dtype: Count
  source: 42 USC 1486(k)(3)(A)(iv)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: within 1 year after notification of an award
  versions:
    - effective_from: '1990-11-28'
      formula: '1'

application_operation_assurance_minimum_years

Parameter

source: 42 USC 1486(k)(3)(A)(ii)

- name: application_operation_assurance_minimum_years
  kind: parameter
  dtype: Count
  source: 42 USC 1486(k)(3)(A)(ii)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: operated for not less than 10 years
  versions:
    - effective_from: '1990-11-28'
      formula: '10'

regulation_notice_deadline_days

Parameter

source: 42 USC 1486(k)(4)(A)

- name: regulation_notice_deadline_days
  kind: parameter
  dtype: Count
  source: 42 USC 1486(k)(4)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: Not later than 120 days after November 28, 1990
  versions:
    - effective_from: '1990-11-28'
      formula: '120'

administrative_expense_limit_rate

Parameter

source: 42 USC 1486(k)(5)

- name: administrative_expense_limit_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 1486(k)(5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: No recipient may use more than 5 percent
  versions:
    - effective_from: '1990-11-28'
      formula: '0.05'

smoke_alarm_primary_battery_minimum_years

Parameter

source: 42 USC 1486(g)

- name: smoke_alarm_primary_battery_minimum_years
  kind: parameter
  dtype: Count
  source: 42 USC 1486(g)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: uses 10-year non rechargeable, nonreplaceable primary batteries
  versions:
    - effective_from: '2022-12-29'
      formula: '10'

annual_operating_cost_payment_maximum

Derived

source: 42 USC 1486(k)

- name: annual_operating_cost_payment_maximum
  kind: derived
  entity: HousingProject
  dtype: Money
  period: Year
  unit: USD
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: >-
              Annual payments for operating costs ... not to exceed 75 percent of the annual
              operating costs
  versions:
    - effective_from: '1990-11-28'
      formula: annual_operating_cost_payment_limit_rate * max(0, annual_operating_costs)

advance_repayment_rate

Derived

source: 42 USC 1486(k)

- name: advance_repayment_rate
  kind: derived
  entity: HousingProject
  dtype: Rate
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: >-
              100 percent of the advance ... reduced by 10 percentage points for each year in excess
              of 10
  versions:
    - effective_from: '1990-11-28'
      formula: >-
        if years_used_for_subsection_purposes < full_advance_repayment_use_period_limit_years:
        full_advance_repayment_rate else: max(0, full_advance_repayment_rate -
        (advance_repayment_annual_reduction_percentage_points * max(0,
        years_used_for_subsection_purposes - full_advance_repayment_use_period_limit_years)))

advance_repayment_amount

Derived

source: 42 USC 1486(k)

- name: advance_repayment_amount
  kind: derived
  entity: HousingProject
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: Any advance ... shall be repaid ... when the project ceases to be used
  versions:
    - effective_from: '1990-11-28'
      formula: >-
        if project_ceases_to_be_used_as_housing_under_subsection: max(0, advance_amount_received) *
        advance_repayment_rate else: 0

administrative_expense_maximum

Derived

source: 42 USC 1486(k)

- name: administrative_expense_maximum
  kind: derived
  entity: HousingProject
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: No recipient may use more than 5 percent of an advance or grant
  versions:
    - effective_from: '1990-11-28'
      formula: administrative_expense_limit_rate * max(0, advance_or_grant_received)

advance_cap_for_area

Derived

source: 42 USC 1486(k)

- name: advance_cap_for_area
  kind: derived
  entity: HousingProject
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: >-
              The Secretary may increase the limit ... to $800,000 in areas ... high acquisition and
              rehabilitation costs.
  versions:
    - effective_from: '1990-11-28'
      formula: >-
        if secretary_finds_area_has_high_acquisition_and_rehabilitation_costs:
        high_cost_area_advance_or_grant_cap else: existing_or_new_structure_advance_cap

moderate_rehabilitation_grant_cap_for_area

Derived

source: 42 USC 1486(k)

- name: moderate_rehabilitation_grant_cap_for_area
  kind: derived
  entity: HousingProject
  dtype: Money
  unit: USD
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: >-
              The Secretary may increase the limit ... to $800,000 in areas ... high acquisition and
              rehabilitation costs.
  versions:
    - effective_from: '1990-11-28'
      formula: >-
        if secretary_finds_area_has_high_acquisition_and_rehabilitation_costs:
        high_cost_area_advance_or_grant_cap else: moderate_rehabilitation_grant_cap

grant_recapture_required_for_site_control_failure

Derived

source: 42 USC 1486(k)

- name: grant_recapture_required_for_site_control_failure
  kind: derived
  entity: HousingProject
  dtype: Judgment
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: >-
              If an applicant fails to obtain ownership or control of the site within 1 year ... the
              grant shall be recaptured
  versions:
    - effective_from: '1990-11-28'
      formula: applicant_failed_to_obtain_site_ownership_or_control_within_recapture_deadline

other_public_funds_replacement_prohibited

Derived

source: 42 USC 1486(k)

- name: other_public_funds_replacement_prohibited
  kind: derived
  entity: HousingProject
  dtype: Judgment
  source: 42 USC 1486(k)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/42/1486
            excerpt: >-
              No assistance received under this subsection ... may be used to replace other public
              funds
  versions:
    - effective_from: '1990-11-28'
      formula: >-
        assistance_or_supplemental_funds_used_to_replace_other_public_funds_previously_used_or_designated