HOPE VI Program Termination Act of 2011

HOPE VI Program Termination Act of 2011 - Amends the United States Housing Act of 1937 to repeal the authority of the Secretary of Housing and Urban Development (HUD) to provide assistance to public housing agencies for demolition, site revitalization, replacement housing, and tenant-based assistance grants for projects (HOPE VI program).

Rescinds and permanently cancels all unobligated balances remaining available under the Act for the program, and terminates it.

Requires all such unobligated balances so rescinded and permanently canceled to be covered in the general fund of the Treasury for reducing the budget deficit of the federal government.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3539 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 3539

To terminate the HOPE VI program of the Department of Housing and Urban 
                              Development.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            December 1, 2011

 Mr. Canseco introduced the following bill; which was referred to the 
 Committee on Financial Services, and in addition to the Committee on 
   Appropriations, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
To terminate the HOPE VI program of the Department of Housing and Urban 
                              Development.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``HOPE VI Program Termination Act of 
2011''.

SEC. 2. TERMINATION OF HOPE VI PROGRAM.

    (a) Repeal of Grant Authority.--Section 24 of the United States 
Housing Act of 1937 (42 U.S.C. 1437v) is hereby repealed.
    (b) Treatment of Remaining Funds.--Notwithstanding the repeal under 
subsection (a) of this section, any amounts made available under 
section 24 of the United States Housing Act of 1937 and obligated 
before the date of the enactment of this Act shall continue to be 
governed by such section, as in effect immediately before such repeal, 
and any other applicable provisions of law.
    (c) Termination.--Upon the completion of outlays to liquidate all 
amounts referred to in subsection (b) of this section and the 
completion of all activities with respect to such amounts pursuant to 
subsection (b), the Secretary of Housing and Urban Development shall 
terminate the HOPE VI program authorized under section 24 of the United 
States Housing Act of 1937.
    (d) Rescission of Funding.--Effective on the date of the enactment 
of this Act, there are rescinded and permanently canceled all 
unobligated balances remaining available as of such date of enactment 
of any amounts made available under section 24 of the United States 
Housing Act of 1937. All such unobligated balances so rescinded and 
permanently canceled shall be covered into the General Fund of the 
Treasury for reducing the budget deficit of the Federal Government.
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