Page:United States Statutes at Large Volume 65.djvu/348

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M Stat. 1125. 42 U.S.C.ch.9notc; § 1521-1574. 42 U.S.C. § 1584.

61 Stat. 196. 60 U.S.C. S 1881 note.

42 U.S.C. § 1585.

Time extension.

Income limitations for occupancy.

National Housing Act, amendments. 48 Stat. 1246. 12 U.S.C. § 1701. 12 U.S.C. § 1710. 12 U.S.C. § 1715e. 12 U.S.C. § 1713.

PUBLIC LAW 139—SP:PT. 1, 1951

[65 STAT.

SEC. 603. The Act entitled "An Act to expedite the provision of housing in connection with national defense, and for other purposes", approved October 14, 1940, as amended, is hereby amended— (a) by repealing the following provisos at the end of section 604 thereof: ": And provided further, That with respect to any temporary housing under the jurisdiction of the Administrator the maximum rental shall be that in effect on April 1, 1949, unless the Housing Expediter shall approve a petition for an increase in accordance with the fair net operating income formula in effect from time to time under the Housing and Eent Act of 1947, as amended, on grounds of hardship to the landlord: Provided, That if such housing is not in an area where rent control is in effect at the time pursuant to that Act, an increase may be granted by the Administrator on the basis of such formula"; (b) by inserting "plus 100 per centum of such value," in clause (2) of section 605(b) thereof immediately following "Government's interest therein,"; (c) by striking out "is authorized" following "Administrator" in clause (2) of section 605(b) thereof and substituting "shall", and by striking out "to increase" in such clause and substituting "increase"; and (d) by adding at the end thereof the following new sections 611. and 612: "SEC. 611. Is'otwithstanding any other provision of law, the President is authorized to extend, for such period or periods as he shall specify, the time within which any action is required or permitted to be taken by the Administrator or others under the provisions of this title (or any contract entered into pursuant to this title), upon a determination by him, after considering the needs of national defense and the effect of such extension upon the general housing situation and the national economy, that such extension is in the public interest. "SEC. 612. The Administrator, notwithstanding any other provisions of this or any other law except provisions hereafter enacted expressly in amendment hereof, is authorized to establish income limitations for occupancy of any housing held by him under this Act and, giving consideration to the ability of such tenants to obtain other housing accommodations, to require tenants, admitted to occupancy prior to the establishment of such income limitations and who have incomes in excess of limitations established by him, to vacate such housing." SEC. 604. The National Housing Act, as amended, is hereby amended— (a) by striking out the period at the end of the second sentence of section 204(d) and inserting a comma and the following: "except that debentures issued with respect to mortgages insured under section 213 shall mature twenty years after the date of such debentures." (b) by striking out of -the second sentence of section 207(i) the words "and shall mature three years after the 1st day of July following the maturity date of the mortgage in exchange for which the debentures were issued" and inserting in lieu thereof "and shall mature twenty years after the date thereof". SEC. 605. Section 207(c) of the National Housing Act, as amended, is hereby amended (1) by striking out of clause " (i) " in paragraph numbered " (2) " the words "of the property or project" and inserting in lieu thereof the words "of the property or project attributable to dwelling use"; and (2) by striking out of clause " ( i i) " in paragraph numbered " (2) " the words "and not in excess of $10,000 per family unit" and inserting in lieu thereof the words "and not in excess of

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