[Comments on FmHA Interpretation of Section of Housing and Community Development Act]
B-230951: Published: Mar 10, 1989. Publicly Released: May 22, 1989.
Pursuant to a congressional request, GAO commented on the Farmers Home Administration's (FmHA) legal interpretation of the Housing and Community Development Act of 1987. GAO agreed with the FmHA position that it lacked authorization to implement the rural housing guaranteed loan demonstration program during fiscal year (FY) 1988 and 1989, absent enactment of the requisite appropriation language.