Page:United States Statutes at Large Volume 66.djvu/650

 604

12 USC 1726. 4 8 Stat. 134. 12 USC 1466. 47 Stat. 725. 12 USC 14 22, 1423.

65 Stat. 310. 42 USC 1593.

65 Stat. 312. 12 USC 1701g-2.

63 Stat. 438. 42 USC 1481.

42 USC 1482.

42 USC 1483.

48 Stat. 132. 12 USC 1464.

65 Stat. 297. 12 USC 1750b.

12 USC 1709. 12 USC 1715c. 12 USC 1750g.

PUBLIC LAW 5 3 1 - J U L Y 14, 1952

[66

ST AT.

"(q) 'State' shall include the several States and Alaska, Hawaii, Puerto Rico, the District of Columbia, Guam, and the Virgin Islands."; and (5) by deleting the words "or Territory" in section 403(a) and inserting in lieu thereof the words "Territory, or possession". (b) The Home Owners' Loan Act of 1933, as amended, is hereby amended by adding a comma and "Guam," after the words "Puerto Rico" in section 7 thereof. (c) The Federal Home Loan Bank Act, as amended, is hereby amended by adding "Guam," after "District of Columbia," in section 2(3) and after "Virgin Islands," in section 3 thereof. (d) The Defense Housing and Community Facilities and Services Act of 1951 is hereby amended by adding at the end of section 401 the following: "This title shall be applicable in the several States, the District of Columbia, and the Territories and possessions of the United States." (e) Section 102b of the Housing Act of 1948, as amended, is hereby amended by adding at the end thereof the following: "Such powers, functions, and duties may be exercised in the several States, the District of Columbia, and the Territories and possessions of the United States." SEC. 11. Title V of the Housing Act of 1949, as amended, is hereby amended as follows: (a) In the first sentence of section 511 immediately following the phrase "July 1, 1951" strike the word "and" and insert at the end of the sentence just before the period a comma and the language "and an additional $100,000,000 on and after July 1, 1953". (b) In section 512, (i) strike "and 1952" and insert "1952, and 1953", and (ii) strike "and $2,000,000" and insert "$2,000,000 and $2,000,000". (c) I n section 513, strike "and $10,000,000 on July 1 of each of the years 1950, 1951, and 1952" and insert "$10,000,000, and $10,000,000 on July 1 of each of the years 1950, 1951, 1952, and 1953". SEC. 12. The first paragraph of subsection (c) of section 5 of the Home Owners' Loan Act of 1933, as amended, is hereby amended by adding at the end thereof the following new sentence: "In addition to the loans and investments otherwise authorized, such associations may purchase, subject to all the provisions of this paragraph except the area restriction, loans secured by first liens on improved real estate which are insured under the provisions of the National Housing Act, as amended, or insured as provided in the Servicemen's Readjustment Act of 1944, as amended." SEC. 13, Section 903(c) of the National Housing Act, as amended, is hereby amended by ad.ding at the end thereof the following new sentence: "Upon application of the mortgagee with the consent of the mortgagor of a mortgage for which a commitment to insure has been issued pursuant to section 203 of this Act covering property on which the construction of the dwellings thereon was begun prior to the enactment of this title and the determination of prevailing wages in the locality in accordance with section 212, the Commissioner is authorized, notwithstanding such beginning of construction, to convert such commitment to a commitment under section 908; any charges or fees paid to the Commissioner with respect to such insurance under section 203 shall be credited to charges or fees due the Commissioner with respect to such insurance under section 908; and the determination of prevailing wages in the locality for purposes of section 212 may be made by the Secretary of Labor at any time prior to the insurance under section 908: Provided, That such mortgage, or the

�