Page:United States Statutes at Large Volume 63 Part 1.djvu/97

 81ST CONG., 1 ST SESS.-CH. 89-APR. 23, 1949 59 this Act, would be authorized under this section, is hereby authorized, approved, and validated. (b) To obtain funds for the purpose of undertaking and adminis- Issuance of notes. tering projects or of making loans pursuant to any authority conferred st977 by the legislature of the Territory of Alaska under subsection (a) of this section, the Alaska Housing Authority may, on and after the effective date of this Act, issue and have outstanding at any one time notes or other obligations for purchase by the Housing and Home Finance Administrator in an amount not to exceed $15,000,000 and the Housing and Home Finance Administrator is hereby authorized to purchase such notes or other obligations to the extent that funds are available therefor: Provided, That such notes and other obligations Character loans. issued and outstanding for the purpose of making character loans to individuals or cooperatives shall not exceed $1,000,000. Such notes or other obligations shall be in such forms and denominations, shall have such maturities not exceeding forty years, and shall be purchased under such general terms and conditions as may be prescribed by the Housing and Home Finance Administrator. Such notes and other obligations shall bear interest at a rate determined by the Housing and Home Finance Administrator, with the approval of the Secretary of the Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of such notes or other obligations. (c) The Alaska Housing Authority shall make an annual report ReporttoGovernor. to the Governor of Alaska on all of the activities of the Authority, for each fiscal year ending June 30, for transmission with his comments and recommendations to the Housing and Home Finance Adminis- trator. (d) There is hereby authorized to be appropriated to the Housing thorpriation au- and Home Finance Administrator, out of any money in the Treasury Pot,p. 743. not otherwise appropriated, not to exceed $15,000,000 for the purposes of this section. Funds made available to the Administrator pursuant to the provisions of this section shall be deposited in a checking account or accounts with the Treasurer of the United States. Receipts and assets obtained or held by the Administrator in connection with the performance of his functions under this section shall be available for any of the purposes of this section. In the performance of, and with respect to, the functions, powers, and duties vested in him by this section, the Administrator, notwithstanding the provisions of any other law, shall maintain an integral set of accounts which shall be audited annually by the General Accounting Office in accordance with the principles and procedures applicable to commercial transactions as provided by the Government Corporation Control Act, as amended, 59 stat 597 - 31U.S.C. 841- and no other audit shall be required: Provided, That such financial 869; Supp. I, § 84 transactions of the Administrator as the making of loans or advances d Pit, p. 356. of funds and vouchers approved by the Administrator in connection with such financial transactions shall be final and conclusive upon all officers of the Government. SEC. 4. The Housing and Home Finance Agency is authorized to aTechnicl aation provide technical advice and information and otherwise to cooperate to the full extent authorized by law to assist the Alaska Housing Authority in the program to relieve the severe shortage of housing in the Territory. SEC. 5. Notwithstanding the provisions of sections 4 and 301 of the Retention of hous- ing for government Act entitled "An Act to expedite the provision of housing in connection employees. with national defense, and for other purposes", approved October 14, 2Ua C,Supp 1940, as amended, with respect to the disposition of housing of a per- uI 1524. 54 Stat. 1127, 55 Stat. manent character, any such housing in Alaska under the jurisdiction 3 13. of the Housing and Home Finance Administrator which has been u2p.s. i 1541 lt Supp. UI, § 1541 note. 63 STAT.]

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