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(a) Repeal of Grant Authority.--Section 24 of the United States Housing Act of 1937 (42 U.S.C. 1437v) is hereby repealed.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 (d) Rescission of Funding.--Effective on the date of the enactment of this Act, there are rescinded and permanently canceled all unobligated balances remaining available as of such date of enactment of any amounts made available under section 24 of the United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 All such unobligated balances so rescinded...