Page:United States Statutes at Large Volume 49 Part 1.djvu/1279

 12 34 74T H CONGRES S. SESS. II. CHS. 234, 238 . APRIL 17, 20,1936. Co nditio ns, etc ., con- trolling grants of insur- ance. Limit on liability incurred by Adm in is- trat or. Ante, p. 1187. Ante, pp. 722, 1188 . Waiver of reg ulatio ns authorized. No increase in obliga- tion. "(b) No insurance shall be granted under this section to any such financial institution with respect to any obligation representing any such loan, advance of credit, or purchase by it (1) unless the loan bears such interest, has such maturity, and contains such other terms, conditions, and restrictions, as the Administrator shall prescribe in order to make credit available for the purposes of this section ; and (2) unless the amount of such loan, advance of credit, or purchase is not in excess of $2,000, except that in the case of any such loan, advance of credit, or purchase made for the purpose of such financing with respect to apartment or multiple family houses, hotels, office, business or other commercial buildings, hospitals, orphanages, colleges, schools, churches, or manufacturing or industrial plants, such insurance may be granted if the amount of the loan, advance of credit, or purchase is not in excess of $50,000 ." SEC. 4 . (a) The third sentence of subsection (a) of section 2 of the National Housing Act, as amended, is amended to read as fol- lows : "The total liability incurred by the Administrator for all insur ance her etof ore and here afte r gr ante d un der this sec tion and section 6 sha ll not excee d in th e aggr egate $100,0 00,000 . " (b) Section 2 of such Act, as amended, is further amended by adding at the e nd thereof the following new s ubsection "(e) The Administrator is authorized to waive compliance with regulations her etofore or here after prescribe d by him with respect to the intere st and matur ity of and th e term s, con ditions, and restri c- tions und er w hich loa ns, adva nces of cred it, and purc hase s ma y be insured under this section and section 6, if in his judgment the enforcement of such regulations would impose an injustice upon an insured institution which has substantially complied with such regu- lations in good faith and refunded or credited any excess charge made, and where such waiver does not involve an increase of the obligation of the Administrator beyond the obligation which would have been involved if the regulations had been fully complied with ." Approved, April 17, 1936. [CHAPTER 238 .] AN ACT April 20, 1936. [H. R .6544 .] To conserve the wa ter resources and to encourage reforestation of the water- [Public, No.526.1 sheds of Santa Barbara County, California, by the withdrawal of certain public l and, inc luded wi thin the Santa B arbara N ational Forest, Californ ia, from location and entry under the mining laws. Be i t enacted by th e Senate and Ho use o f Repres entatives o f the Santa Bar bara Na. Un ited Stat es o f Am erica in Congr ess a ssem bled, That the public tional Forest, Calif . Publiclandsin,with- lands of the United States, within the boundaries of the Santa Bar- drawn from mining entries, for conserva- bara National Forest, located in the State of California and herein- ti on purposes. after described, are hereby withdrawn from location or entry under the mining laws of the United States Description. All Government lands in sections 29, 30, 31, 32, and 33, township 7 north, ran ge 24 west, Sa n Bernardino me ridian. All Government lands in sections 7, 8, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, township 7 north, range 25 west, San Bernardino meridian. All Government lands in sections 7 to 36, inclusive, township 7 north, range 26 west, San Bernardino meridian. All Government lands in sections 1 to 36, inclusive, township 7 north, range 27 west, San Bernardino meridian. All Government lands in sections 1, 2, 3, 10, 11, 12, 13, 14, 15, 22, 23, 24, 25, 26, 27, 34 2 35, and 36, township 7 north, range 28 west, San B ernardi no mer idian.