Page:United States Statutes at Large Volume 69.djvu/679

 69

STAT.]

PUBLIC LAW

345-,AUG.

11, 1955

637

$5,000,000 of such authorization shall be available for such commitments in any one State." CERTIFICATES OF C L A I M

SEC. 104. Section 604(f) of said Act, as amended, is hereby amended by adding the following paragraph at the end thereof: "Notwithstanding any other provisions of this section, the Commissioner is authorized, with the consent of the mortgagee or mortgagor, as the case may be, to effect the settlement of certificates of claim and refunds at any time after the sale or transfer of title to the property conveyed to the Commissioner under this section and without awaiting the final liquidation of such property for the purpose of determining the net amount to be realized therefrom."

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TERMINATION OF TITLE IX OF THE N A T I O N A L H O U S I N G ACT

SEC. 105. The second sentence of section 104 of the Defense Housing and Community Facilities and Services Act of 1951, as amended, is hereby amended by striking in clause (a) thereof "designate hereunder" and inserting "designate hereunder or (iii) pursuant to a commitment to insure issued pursuant to the preceding clause (ii)". S L U M CLEARANCE A N D U R B A N

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RENEWAL

SEC. 106. (a) Section 103(b) of the Housing Act of 1949, as amended, is hereby amended by striking "$100,000,000, which limit shall be increased by further amounts of $10,000,000 on July 1 in each of the years 1950, 1951, 1952, and 1953, respectively: Provided, That (subject to the total authorization of not to exceed $500,000,000)" and inserting "$500,000,000, which limit shall be increased by further amounts of $200,000,000 on July 1 in each of the years 1955 and 1956, respectively: Provided, That". (b) Section 106(e) of said Act, as amended, is hereby amended by striking "$35,000,000" and inserting "$70,000,000"._ (c) Section 110(c) of said Act, as amended, is hereby amended by inserting between the first and second sentences thereof the following sentence: "Where land within the purview of subparagraph (1) (ii) or (1) (iii) hereof (whether it be predominantly residential or nonresidential in character) is to be redeveloped for predominantly nonresidential uses, loans and advances under this title may be extended therefor if the governing body of the local public agency determines that such redevelopment for predominantly nonresidential uses is necessary and appropriate to facilitate the proper growth and development of the community in accordance with sound planning standards and local community objectives and to afford maximum opportunity for the redevelopment of the project area by private enterprise: Provided, That loans and outstanding advances to any local public agency pursuant to the authorization of this sentence shall not exceed 2i/^ per centum of the estimated gross project costs of the projects undertaken under other contracts with such local public agency pursuant to this title." SEC. 107. The Territorial Enabling Act of 1950 (64 Stat. 344) is hereby amended— (1) by inserting "urban renewal," after "urban redevelopment " m the title" (2) by inserting ", AND U R B A N R E N E W A L " after " R E DEVELOPMENT " in the heading of title I; (3) by inserting "and urban renewal projects" after the term "urban redevelopment projects" in each place where that term appears in title I;

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67 Stat. 127. ^^ sut_. 4^0^^

48 use48onote,

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