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STAT.]

449

PUBLIC LAW 218-AUG. 3, 1955

easements) at fair market value, as determined by him on the basis of an appraisal made by an independent real estate expert selected by him, in and to W a r Housing Project MASS-19051, known as Old Colony project, containing eight hundred and seventy-three dwelling units and nondwelling facilities, on approximately eigTiteen acres of land in Boston, Massachusetts, to the Boston Housing Authority, for use as a relocation project under applicable local law. The sale pursuant to this Act shall be on such terms and conditions as the Administrator shall determine, and the amount received for each project shall be reported by the Administrator to the Banking and Currency Committee of the Senate and the Banking and Currency Committee of the House of Representatives: Provided, That full payment to the United States shall be required within a period of not to exceed thirty years with interest on the unpaid balance not to exceed 5 per centum per annum: Provided further, That the provisions of this Act shall be effective only if the sale is consummated within six months after the time of approval of this Act: And provided further, That the Administrator may extend the time for the consummation of the sale for such additional period or periods of time as he may deem advisable. Approved August 3, 1955. Public Law 218

CHAPTER 501 AN ACT

To amend the Act entitled "An Act authorizing the construction, repair, and preservation of certain public works on rivers and harbors for navigation, flood control, and for other purposes", approved September 3, 1954.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 203, title II, of Public Law 780, Eighty-third Congress, be amended by adding thereto the subtitle,

August 3, 1955 [H. R. 4362]

Red River Basin. 68 Stat. 1256.

uRED RIVER BASIN 5)

and the following wording under that subtitle: "That the existing flood-control project for Ked River below Denison Dam be modified to provide for improvements substantially in accordance with the construction plans recommended in the report of the Chief of Engineers in House Document Numbered 488, Eightythird Congress: Provided, That local interests shall contribute toward the costs of construction, maintenance, and operation of Cooper Reservoir the amounts allocated to water supply; and shall, with respect to other features of the modified project, give assurances satisfactory to the Secretary of the Army that they will— "(a) provide without cost to the United States all lands, easements, and rights-of-way, and make alterations and relocations of highways and related facilities, and utilities except railroads, necessary for the construction; "(b) hold and save the United States free from damages due to the construction; and "(c) maintain and operate all works after completion, and preserve channel capacities by preventing encroachment, in accordance with regulations prescribed by the Secretary of the Army." SEC. 2. There is hereby authorized to be appropriated sUch sums as may be necessary to carry out the provisions of this Act. Approved August 3, 1955. 54402 O - 55 - 29

Fl ood-control project, modifica-

Appropriation.

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