Page:United States Statutes at Large Volume 69.djvu/525

 69 S T A T. ]

PUBLIC LAW 221-AUG. 4, 1955

48a

the Commission in the operation of the communities to such other agencies of the United States Government that are reasonably qualified to perform those duties and responsibilities. The Commission shall retain no financing duties and responsibilities. SEC. 102. REVIEW.—The Commission shall present to the Joint Committee on Atomic Energy of the Congress a full review of its activities under this Act every three years in addition to any other presentation which may be required or requested by the Joint Committee. SEC. 103. JOINT COMMITTEE ON ATOMIC ENERGY.—The provisions of chapter 17 of the Atomic Energy Act of 1954 shall be applicable to all matters under this Act.

CHAPTER 11. GENERAL PROVISIONS SEC, 111. POWERS OF THE COMMISSION.—The Commission shall have

ed Stat. 919. all powers conferred by the Atomic Energy Act of 1954, including the 42 USC 2011 power to make, promulgate, issue, rescmd, and amend such rules, note. regulations, and delegations as may be appropriate to carry out the provisions of this Act and shall be subject to the limitations contained 68 Stat. 948. in chapter 14 of that Act. Nothing contained in this Act shall impair 42 USC 2201the powers vested in the Commission by the Atomic Energy Act of 2209. 1954, as amended, or any other law. SEC. 112. QUALIFICATION To PURCHASE.—No officer or employee of

the Commission or of any other Federal agency (including officers and members of the Armed Forces) shall be disqualified from purchasing any property or exercising any right or privilege under this Act, but no such officer or employee shall make any determination as to his own eligibility or priority, or as to valuation, price, or terms of sale and financing of property sold to him. SEC. 113. CONTRACT FORMS.—Contracts entered into pursuant to this Act and other instruments executed pursuant to this Act shall be in such form and contain such provisions, consistent with this Act, as the Commission shall prescribe; and shall be as simple and concise as possible. Any mortgage shall contain terms which will place the United States in the same position, with respect to any mortgages it may hold under the provisions of chapter 6, as that occupied by a private lender under the applicable State laws for the relief of mortgagors with respect to deficiency judgments. SEC. 114. EVIDENCE.—A deed, lease, contract, or other instrument executed by or on behalf of the Commission purporting to transfer title or any other interest in property disposed of pursuant to this Act shall be conclusive evidence of compliance with the provisions of this Act and rules and regulations promulgated thereunder, insofar as concerns title or other interest of any bona fide grantee or transferee for value without notice of lack of such compliance, and his successors in title. SEC. 115. ADMINISTRATIVE REVIEW.—Determinations authorized by this Act to be made by the Commission as to classification, priorities, prices, and terms and conditions of sale of property disposed under this Act shall be subject to review only in accordance with such provisions for administrative review or reconsideration as the Commission may prescribe. SEC. 116. REPOSSESSION.—The Commission is authorized to repossess any property sold by it in accordance with the terms of any contract to purchase, mortgage or other instrument, and to sell or make any other disposition of any property so repossessed and any property purchased by it pursuant to section 66. SEC. 117. NET PROCEEDS.—The net jjroceeds derived by the Commission from the disposal of property pursuant to this Act, after defray-

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