Summary: H.R.3824 — 96th Congress (1979-1980)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Conference report filed in Senate (03/06/1980)

(Conference report filed in Senate, S. Rept. 96-619)

Amends the District of Columbia Self-Government and Governmental Reorganization Act to authorize the Council of the District of Columbia to delegate its authority to issue revenue bonds for low- and moderate-income housing undertakings to any housing finance agency established by it. Requires the Council to define what undertakings shall constitute undertakings in the area of primarily low- and moderate-income housing. Exempts from Congressional approval: (1) the expenditure of funds derived from the sale of such bonds; (2) the creation of a security interest in connection with such bonds; and (3) the payment of such bonds.