Page:United States Statutes at Large Volume 60 Part 1.djvu/828

 79TH CONG. , 2D SESS.-CH. 736--AUG. 2, 1946 to the Agency of the real property owned by it on said date, and (c) the reserve for completion of approved projects. All subsequent pro- ceeds, revenues, and rentals from said real property shall be credited to the said special trust fund, to be disposed of as the Congress may direct. ACQUISTrION UNDER DISTRICT OF COLUMBIA ALLEY DWELLING ACT SEC. 17. From and after the termination of the period of one year, beginning with the date of the approval of this Act, all authority granted by the Act known as the District of Columbia Alley Dwelling Act, approved June 12, 1934, as amended, to acquire, by purchase, condemnation, or gift, lands, buildings and structures, or any interest therein, is hereby transferred to and vested in the Agency created by this Act. During said one-year period said authority may be exer- cised by the National Capital Housing Authority only for projects that shall have been approved by the Planning Commission and the District Commissioners: Provided, however, That failure of the Planning Commission or the District Commissioners to approve or disapprove in writing within sixty days after the submission by the National Capital Housing Authority shall be equivalent to a formal approval. Nothing contained in said Alley Dwelling Act or in this Act shall be interpreted as precluding the inclusion at any time of any alley or inhabited alley or alley dwelling or dwelling or square containing an inhabited alley in a project area to be planned, acquired, and disposed of under the provisions of this Act. Any real property acquired by the Agency under the authority of the Alley Dwelling Act may be transferred or may be sold or leased by the Agency as provided in this Act for real property acquired for a project area redevelopment. The National Capital Housing Authority is hereby declared to be a redevelopment company and is hereby granted the power to purchase or lease redevelopment areas or parts thereof from the Agency in accordance with the provisions of this Act. The National Capital Housing Authority shall keep regular books of account in accordance with standard auditing practices, covering all properties operated by it, showing detailed construction costs, manage- ment costs, repairs, maintenance, other operating costs, rents, subsidies, grants, allowances and exemptions; such books shall be subject to annual audit by the General Accounting Office- and the annual report of the National Capital Housing Authority shall include a summary of all transactions covered by such books and shall be made available to the public upon request. AMENDMENT TO DISTRICT OF COLUMBIA ALLEY DWELING ACT SEC. 18. (a) Section 4 (b) of the Act known as the "District of Columbia Alley Dwelling Act", approved June 12,1934, as amended, is further amended to read as follows: "(b) On and after July 1, 1955, it shall be unlawful to use or occupy any alley building or structure as a dwelling in the District of Columbia." (b) Section 6 of such Act, as amended, is further amended by striking "1947" and inserting in lieu thereof "1955". ENCOURAGEMENT AND AID TO PEIVATE LENDING INSTITUTIONB SEC. 19. (a) To provide for and to facilitate the improvement of housing and other improved real estate in the District of Columbia, Federal savings and loan associations of the District of Columbia and building associations and building and loan associations operating 80634--47-PT. I- -1 48 Stat. 930. D. C. Code §§ 5-103 to 5-116; Supp. V, 5-103 et seq. Infra. Authority declared to be redevelopment company. Books of account. Annual reports. Ante, p. 319. Ante p. 319. Loans afr improv ment. 801 60 STAT.]

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