Page 835

PUBLIC LAW 111–203—JULY 21, 2010 124 STAT. 2209

‘‘(d) COVERAGE OF EXISTING PROGRAMS.—The Secretary shall Determination.
allow funds to be administered by a State that has an existing
program that is determined by the Secretary to provide substan-
tially similar assistance to homeowners. After such determination
is made such State shall not be required to modify such program
to comply with the provisions of this title.’’;
(6) in section 109 (12 U.S.C. 2708)—
(A) in the section heading, by striking ‘‘AUTHORIZATION
AND’’;
(B) by striking subsection (a);
(C) by striking ‘‘(b)’’; and
(D) by striking ‘‘1977’’ and inserting ‘‘2011’’;
(7) by striking sections 110, 111, and 113 (12 U.S.C. 2709,
2710, 2712); and
(8) by redesignating section 112 (12 U.S.C. 2711) as section
110.

SEC. 1497. ADDITIONAL ASSISTANCE FOR NEIGHBORHOOD STABILIZA- 42 USC 5301
TION PROGRAM. note.
(a) IN GENERAL.—Effective October 1, 2010, out of funds in Effective date.
the Treasury not otherwise appropriated, there is hereby made State and local
available to the Secretary of Housing and Urban Development governments.
$1,000,000,000, and the Secretary of Housing and Urban Develop-
ment shall use such amounts for assistance to States and units
of general local government for the redevelopment of abandoned
and foreclosed homes, in accordance with the same provisions
applicable under the second undesignated paragraph under the
heading ‘‘Community Planning and Development—Community
Development Fund’’ in title XII of division A of the American
Recovery and Reinvestment Act of 2009 (Public Law 111–5; 123
Stat. 217) to amounts made available under such second undesig-
nated paragraph, except as follows:
(1) Notwithstanding the matter of such second undesig-
nated paragraph that precedes the first proviso, amounts made
available by this section shall remain available until expended.
(2) The 3rd, 4th, 5th, 6th, 7th, and 15th provisos of such
second undesignated paragraph shall not apply to amounts
made available by this section.
(3) Amounts made available by this section shall be allo-
cated based on a funding formula for such amounts established
by the Secretary in accordance with section 2301(b) of the
Housing and Economic Recovery Act of 2008 (42 U.S.C. 5301
note), except that—
(A) notwithstanding paragraph (2) of such section Deadline.
2301(b), the formula shall be established not later than
30 days after the date of the enactment of this Act;
(B) notwithstanding such section 2301(b), each State
shall receive, at a minimum, not less than 0.5 percent
of funds made available under this section;
(C) the Secretary may establish a minimum grant
amount for direct allocations to units of general local
government located within a State, which shall not exceed

LAWS $1,000,000; (D) each State and local government receiving grant Procedures. amounts shall establish procedures to create preferencesPUBLIC with on anorris VerDate Nov 24 2008 19:19 Sep 08, 2010 Jkt 089139 PO 00203 Frm 00835 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 PUBL203