Page:United States Statutes at Large Volume 70.djvu/1166

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69 Stat. 648. 12 USC 1748b.

69 Stat. 651. 42 USC 1594.

40 USC 270a. 69 Stat, 652. 42 USC 1594b. 69 Stat. 653. 42 USC 1594c.

69 Stat. 646. 12 USC 1720, 1748-t748g;42 USC 1594-1594e.

62 Stat. 379, 462. 5 USC 626p; 34 u s e 911b-911d. 69 Stat. 653. 42 USC 1 5 9 4 note.

PUBLIC LAW 1020-AUG. 7, 1956

[70 S T A T.

of the property or project where owned by the United States and not provided for out of the proceeds of the mortgage, shall not exceed an average of $16,500 per family unit; and". SEC. 506. (a) Section 803(b)(3)(C) of such Act is amended by striking out "eligible builder of" and inserting in lieu thereof "eligible bidder with respect to". (b) Sections 403(a) and 403 (b) of the Housing Amendments of 1955 are amended by striking out "eligible builder" wherever the term appears therein and inserting in lieu thereof "eligible bidder". (c) Section 403(a) of the Housing Amendments of 1955 is amended by striking out "the builder" wherever appearing therein and inserting in lieu thereof "the mortgagor". (d) Section 403(a) of the Housing Amendments of 1955 is amended by striking out "with any builder". SEC. 507. Section 403(a) of the Housing Amendments of 1955 is further amended by inserting immediately before the last sentence the following: "Any such contract shall provide for the furnishing by the contractor of a performance bond and a payment bond with a surety or sureties satisfactory to the Secretary of Defense, or his designee, and the furnishing of such bonds shall be deemed a sufficient compliance with the provisions of section 1 of the Act of August 24, 1935 (49 Stat. 793), and no additional bonds shall be required under such section." SEC. 508. Section 405 of the Housing Amendments of 1955 is amended by striking out "$9,000,000" and inserting in lieu thereof "$21,000,000". SEC. 509. The second sentence of section 406 of the Housing Amendments of 1955 is amended by inserting after the colon immediately following the first proviso the following: '''•Provided further, That such plans, drawings, and specifications, when developed pursuant to arrangements made under this section after the date of the enactment of the Housing Act of 1956, shall follow the principle of modular measure, in order that the housing may be built by conventional construction, on-site fabrication, factory precutting, factory fabrication, or any combination of these construction methods:". SEC. 510. Title IV of the Housing Amendments of 1955 is amended by adding at the end thereof the following new section: "SEC. 410. In the construction of housing under the authority of this title and title VIII of the National Housing Act, as amended, the maximum limitations on net floor area for each unit shall be the same as the net floor area permanent limitations prescribed in the second, third, and fourth provisos of section 3 of the Act of June 12, 1948 (62 Stat. 375), or in section 3 of the Act of June 16, 1948 (62 Stat. 459), other than the first, second, and third provisos thereof." SEC. 511. Section 408 of the Housing Amendments of 1955 is amended by adding at the end thereof the following: "Nothing contained in the provisions of title VIII of the National Housing Act in effect prior to August 11, 1955, or any related provision of law, shall be construed to exempt from State or local taxes or assessments the interest of a lessee from the Federal Government in or with respect to any property covered by a mortgage insured under such provisions of title VIII: Provided, That, no such taxes or assessments (not paid or encumbering such property or interest prior to June 15, 1956) on the interest of such lessee shall exceed the amount of taxes or assessments on other similar property of similar value, less such amount as the Secretary of Defense or his designee determines to be equal to (1) any payments made by the Federal Government to the local taxing or other public agencies involved with respect to such property, plus (2) such amount as may be appropriate for any expenditures made

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