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PUBLIC LAW 86-778-SEPT. 13, 1960

[74 S T A T.

centage for Puerto Rico, the Virgin Islands, and Guam shall be 50 per centum. The Federal medical percentag;e for any State shall be determined and promulgated in accordance with the provisions of subparagraph (B) of section 1101(a)(8) (other than the proviso at the end thereof); except that the Secretary shall, as soon as possible after enactment of the Social Security Amendments of 1960, determine and promulgate the Federal medical percentage for each State— " (1) for the period beginning October 1, 1960, and ending with the close of June 30, 1961, which promulgation shall be based on the same data with respect to per capita income as the data used by the Secretary in promulgating the Federal percentage (under section 1101(a)(8)) for such State for the fiscal year ending June 30, 1961 (which promulgation of the Federal medical percentage shall be conclusive for such period), and "(2) for the period beginning July 1, 1961, and ending with the close of June 30, 1963, which promulgation shall be based on the same data with respect to per capita income as the data used by the Secretary in promulgating the Federal percentage (under section 1101(a)(8)) for such State for such period (which promulgation of the Federal medical percentage shall be conclusive for such period)." INCREASE IN LIMITATIONS ON ASSISTANCE PAYMENT TO PUERTO RICO, THE VIRGIN ISLANDS, AND GTJAM

42 USC 1308.

Ante, p. 989.

SEC. 602. Section 1108 of the Social Security Act is amended by— (1) striking out "$8,500,000" and inserting in lieu thereof "$9,000,000, of which $500,000 may be used only for payments certified with respect to section 3(a)(2)(B)"; (2) striking out "$300,000" and inserting in lieu thereof "$315,000, of which $15,000 may be used only for payments certified in respect to section 3(a)(2)(B)"; (3) striking out ^'$400,000" and inserting in lieu thereof "$420,000, of which $20,000 may be used only for payments certified in respect to section 3(a)(2)(B)"; and (4) striking out "titles I, IV, X, and XIV", and inserting in lieu thereof "titles I (other than section 3(a)(3) thereof), IV, X, and XIV". TECHNICAL AMENDMENT

SEC. 603. (a) Section 618 of the Revenue Act of 1951 (65 Stat. 569) is amended by striking out "title I" and inserting in lieu thereof "title I (other than section 3(a)(3) thereof)". (b)The amendment made by subsection (a) shall take effect October 1, 1960. EFFECTIVE DATES

SEC. 604. The amendments made by section 601 of this Act shall take effect October 1, 1960, and the amendments made by section 602 shall be effective with respect to fiscal years ending after 1960. TITLE VII—MISCELLANEOUS INVESTMENT OF TRUST FUNDS 42 USC 401.

SEC. 701. (a) Section 201(c) of the Social Security Act is amended by inserting after the third sentence the following new sentence: "The Board of Trustees shall meet not less frequently than once each six months."

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