Page:United States Statutes at Large Volume 71.djvu/340

 304 12 USC 1749c. stitution°"°"°^^"'

PUBLIC LAW 85-104-JULY 12, 1957

[71 S T A T.

/^x Section 404(b) of such Act is amended to read as follows: (") 'Educational institution' means (1) any educational institution offering at least a two-year program acceptable for full credit toward a baccalaureate degree, including any puolic educational institution, or any private educational institution no part of the net earnings of which inures to the benefit of any private shareholder or individual, (2') any hospital operating a school of nursing beyond the level of high school approved by the appropriate State authority, or any hospital approved for internships by recognized authority, if such hospital is either a public hospital or a private hospital, no part of the net earnings of which inures to the benefit of any private shareholder or individual, (3) any corporation (no part of the net earnings of which inures to the benefit of any private shareholder or individual) (A) established by any institution included in clause (1) of this subsection for the sole purpose of providing housing or other educational facilities for students or students and faculty of such institution without regard to their membership in or affiliation with any social, fraternal, or honorary society or organization, and (B) upon dissolution of which all title to any property purchased or built from the proceeds of any loan secured under this title will pass to such institution, and (4) any agency, public authority, or other instrumentality of any State established for the purpose of providing or financing housing or other educational facilities for students or faculty of any public educational institution included in clause (1) of this subsection, but nothing herein contained shall require an institution included in clause (1) of this subsection to obtain loans through any instrumentality included in this clause of this subsection.". VOLUNTARY HOME MORTGAGE CREDIT PROGRAM

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^^^' ^0^- Section 610(a) of the Housing Act of 1954 is amended to read as follows: " (a) This title and all authority conferred hereunder shall terminate at the close of July 31, 1959." FARM HOUSING RESEARCH

SEC. 603. (a) The Housing and Home Finance Administrator is authorized and directed to undertake and carry out a program, in the manner provided in subsection (b), for the study of farm housing in the United States. Such program shall be designed to assist in the improvement of farm housing conditions in the United States by developing data and information on— (1) the adequacy of existing farm housing; (2) the nature and extent of current and prospective needs for farm housing, including the needs for financing and improved design, utility, and comfort, and the methods by which such needs might best be satisfied; (3) the problems faced by farmers in purchasing, constructing, improving, altering, repairing, and replacing farm dwellings; (4) the interrelation of farm housing problems and the problems of housing in urban and suburban areas; and (5) any other matters bearing upon the provision of adequate housing for the farm population of the United States. (b) The research, study, and analysis required to carry out the program described in subsection (a) shall be conducted by land-grant

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