Page:United States Statutes at Large Volume 63 Part 1.djvu/473

 63 STAT.] 81ST CONG. , 1ST SESS.-CH. 338 -JULY 15, 1949 and sanitary water supply, supplying screens, repairing or providing structural supports, or making other similar repairs or improvements. No assistance shall be extended to any one individual under this sub- section (1) in the form of a loan, or combined loan and grant, in excess of $1,000, or (2) in the from of a grant (whether or not combined with a loan) in excess of $500. Any portion of the sums advanced to the borrower treated as a loan shall be secured and be repayable in accord- ance with the principles and conditions set forth in this title. Sums made available by grant may be made subject to the conditions set out in this title for the protection of the Government with respect to contributions made on loans by the Secretary. (b) In order to encourage adequate family-size farms the Secretary may make loans under this section and section 503 to any applicant whose farm needs enlargement or development in order to provide income sufficient to support decent, safe, and sanitary housing and other farm buildings, and may use the funds made available under clause (b) of section 513 for such purposes. MORATORIUM ON PAYMENTS UNDER LOANS SEC. 505. During any time that any such loan is outstanding, the Secretary is authorized under regulations to be prescribed by him to grant a moratorium upon the payment of interest and principal on such loan for so long a period as he deems necessary, upon a showing by the borrower that due to circumstances beyond his control, he is unable to continue making payments of such principal and interest when due without unduly impairing his standard of living. In cases of extreme hardship under the foregoing circumstances, the Sec- retary is further authorized to cancel interest due and payable on such loans during the moratorium. Should any foreclosure of such a mort- gage securing such a loan upon which a moratorium has been granted occur, no deficiency judgment shall be taken against the mortgagor if he shall have faithfully tried to meet his obligation. TECHNICAL SERVICES AND RESEARCH SEC. 506. (a) In connection with financial assistance authorized in sections 501 to 504, inclusive, the Secretary shall require that all new buildings and repairs financed under this title shall be substantially constructed and in accordance with such building plans and specifi- cations as may be required by the Secretary. Buildings and repairs constructed with funds advanced pursuant to this title shall be super- vised and inspected, as may be required by the Secretary, by competent employees of the Secretary. In addition to the financial assistance authorized in sections 501 to 504, inclusive, the Secretary is authorized to furnish, through such agencies as he may determine, to any person, including a person eligible for financial assistance under this title, without charge or at such charges as the Secretary may determine, technical services such as building plans, specifications, construction supervision and inspection, and advice and information regarding farm dwellings and other buildings. The Secretary is further author- ized to conduct research and technical studies including the develop- ment, demonstration, and promotion of construction of adequate farm dwellings and other buildings for the purposes of stimulating construc- tion, improving the architectural design and utility of such dwellings and buildings, utilizing new and native materials, economies in materials and construction methods, new methods of production, distribution, assembly, and construction, with a view to reducing the cost of farm dwellings and buildings and adapting and developing fixtures and appurtenances for more efficient and economical farm use. 435 Limitations on amounts. Post, p. 874. Ante, p. 434. Post, pp. 439, 874. Ante, pp. 432 -434.

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