Page:United States Statutes at Large Volume 52.djvu/861

 PUBLIC LAWS-CH. 554-JUNE 21, 1938 Agricultural Ad- justment Act of 1938, amendments. Loans upon wheat if price below 52 per cen- tum of parity price. Ante, p. 43. Loans upon cotton. Ante, p. 43. Loans upon corn. Ante, p. 43. United States Hous- ing Act Amendments of 1938. SEC. 502. (a) The first sentence of subsection (b) of section 302 of the Agricultural Adjustment Act of 1938, as amended, is amended (1) by inserting after "June 15" the words "or at any time thereafter during such marketing year;" and (2) by striking out "on such date" and inserting in lieu thereof "at any such time". (b) The first sentence of subsection (c) of section 302 of such Act, as amended, is amended (1) by adding after "August 1" the words "or at any time thereafter during such marketing year"; and (2) by striking out "on such date" and inserting in lieu thereof "at any such time". (c) The first sentence of subsection (d) of section 302 of such Act, as amended, is amended by inserting after "November 15" wherever it appears the words "or at any time thereafter during such marketing year". TITLE VI-UNITED STATES HOUSING AUTHORITY stat., 92upp. SEC. 601. Section 10 of the United States Housing Act of 1937 III, 1410 (e). (referred to in this title as the "Act") is amended by amending sub- section "(e)" and adding a new subsection "(f)" as follows: iontracts, itmita- "(e) The Authority is authorized, on and after the date of the enactment of this Act, to enter into contracts which provide for annual contributions aggregating not more than $28,000,000 per annum. Without further authorization from Congress, no new contracts for annual contributions beyond those herein authorized shall be entered thoApe'opriaetioannuau into by the Authority. The faith of the United States is solemnly contribution. pledged to the payment of all annual contributions contracted for pursuant to this section, and there is hereby authorized to be appro- priated in each fiscal year, out of any money in the Treasury not otherwise appropriated, the amounts necessary to provide for such payments. Payments pledged "(f) Payments under annual contributions contracts shall be pledged as security for any loans obtained by a public-housing agency to assist the development of the housing project to which the annual ApUeatlon of an- contributions relate: Provided, That annual contributions shall be nucntrUibutions, used first to apply toward the payment of interest or principal as same mature on any loan due to the Authority from the public-hous- Term defined. ing agency. The term 'any loan due to the Authority' as used in this section shall mean any loan made by the Authority (including any bonds or other evidences of such loan which are resold by the Author- ity) to assist the development of the project to which the annual contributions relate." S StatSi . n. SEC. 602. Section 20 (a) of the Act is amended to read as follows: III, 1420 (a). "SEC. 20. (a) The Authority is authorized to issue obligations in tiosne o oblige- the form of notes, bonds, or otherwise, which it may sell to obtain Maximum amount. funds for the purposes of this Act. The Authority may issue such obligations in an amount not to exceed $800,000,000. Such obligations shall be in such forms and denominations, mature within such periods not exceeding sixty years from date of issue, bear such rates of inter- est not exceeding 4 per centum per annum, be subject to such terms and conditions, and be issued in such manner and sold at such prices as may be prescribed by the Authority with the approval of the Secretary of the Treasury." Short title. SEC. 603. This title may be cited as the "United States Housing Act Amendments of 1938." Approved, June 21, 1938. 820 [52 STAT.

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