Page:United States Statutes at Large Volume 70.djvu/1162

 1106 54 Stat. 1125. 42 USC 1 52 l1590.

12 USC l701g-5.

65 Stat. 303. 42 USC 159 2l592o.

68 Stat. 645. 42 USC 1592a. Cobalt, Idaho. Newport, R. L

64 Stat. 66. 42 USC 1586.

Philadelphia, Pa.

54 Stat. 1125. 42 USC 152 11590.

PUBLIC LAW 1020-AUG. 7, 1956

[70 S T A T

with national defense, and for other purposes", approved October 14, 1940, as amended, shall not apply to any property transferred hereunder and, except as otherwise provided herein, the laws relating to similar property of the Department of Defense shall be applicable to the property transferred. The Department of Defense is authorized to utilize any revenues derived from the property transferred hereunder, after its transfer, for the maintenance, operation, improvement, and liquidation of such property and for administrative expenses in connection therewith. There is hereby transferred to the Department of the Navy out of the fund entitled "Office of the Administrator revolving fund (liquidating programs)" established in the Office of the Administrator, Housing and Home Finance Agency, under title II of the Independent Offices Appropriation Act, 1955 (68 Stat. 272, 295), as amended, $375,000 to be available until expended for repair and rehabilitation of such property by the Navy. (b) Notwithstanding the provisions of this or any other law, any housing constructed or acquired under the provisions of title III of the Defense Housing and Community Facilities and Services Act of 1951, as amended, which is not transferred under the provisions of subsection (a) hereof shall, as expeditiously as possible, but not later than June 30, 1957, be disposed of on a competitive bid basis to the highest responsible bidder upon such terms and after such public advertisement as the Housing and Home Finance Administrator may deem in the public interest; except that the Administrator may reject any bid which he deems less than the fair market value of the property and may thereafter dispose of the property by negotiation: Provided, That the third proviso in section 302(b) of such Act shall be applicable to housing disposed of under this subsection, except that project numbered IDA-2I)1 at Cobalt, Idaho, shall be sold only for use on the site. (c) The Housing and Home Finance Administrator is hereby directed to convey (pursuant to the provisions of section 606 of 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): (1) Housing project numbered KI-37013 to the Housing Authority of the City of Newport, Rhode Island: Provided, That notwithstanding the provisions of that section or of any other law, the agreement required by that section shall permit the use of the project in whole or in part for the housing of military personnel without regard to their income, and shall require the Authority, in selecting tenants, to give a first preference in respect of three hundred and sixty dwelling units to such military personnel as the Secretary of Defense or his designee prescribes for three years after the date of conveyance and to give thirty days' advance notice of available vacancies to such designee, and (2) housing projects numbered PA-36011 and PA-36012 to the Housing Authority of Philadelphia, Pennsylvania: Provided, That notwithstanding the provisions of that section or of any other law, the agreement required by that section shall permit the use of the projects in whole or in part for the housing of military personnel without regard to their income, and shall require the Authority, in selecting tenants, to give a first preference in respect of seven hundred dwelling units to such military personnel as the Secretary of Defense or his designee prescribes for three years after the date of conveyance and to give thirty days' advance notice of available vacancies to such designee. SEC. 407. (a) 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 amended by adding at the end thereof the following new section 614:

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