Page:United States Statutes at Large Volume 78.djvu/275

 78 STAT. ]

PUBLIC LAW 88-341-JUNE 30, 1964

233

Public Law 88-339 AN ACT To extend the Renegotiation Act of 1951, and for other purposes. Be it eridcted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 102(c) (1) of the Renegotiation Act of 1951, as amended (50 U.S.C. App., sec. 1212(c)(1)), is amended by striking out "June 30, 1964" and inserting in lieu thereof "June 30, 1966". § 2. Application to Federal Aviation Agency (a) I N GENEBAL.—Section 103 of the Renegotiation Act of 1951, as amended (50 U.S.C. App., sec. 1213), is amended— (1) by inserting "the Federal Aviation Agency," after "the National Aeronautics and Space Administration," in subsection (a) thereof; and (2) by inserting "the Administrator of the Federal Aviation Agency," after "the Administrator of the National Aeronautics and Space Administration," in subsection (b) thereof. (b) EFFECTIA^E DATE.—The amendments made by subsection (a) shall apply to contracts with the Federal Aviation Agency, and related subcontracts, only to the extent of the amounts received or accrued by a contractor or subcontractor after June 30, 1964. Approved June 30, 1964.

June 30, 1964 [H. R. 10669J

Renegotiation Act of 1951. Extension., 70 Stat. 786; 76 Stat. 134.

Public Law 88-340 JOINT RESOLUTION June 30, 1964 Temporarily extending the program of insured rental housing loans for the [H.J, Res. 1041] elderly in rural areas under title V of the Housing Act of 1949.

Resolved by the Senate and House of Represe7itatives of the United States of America in Congress assembled, That section 515(b)(5) of the Housing Act of 1949 is amended by striking out "June 30, 1964" and inserting in lieu thereof "September 30, 1964". Approved June 30, 1964.

Housing for the elderly. 76 Stat. 671. 42 USC 1485.

Public Law 88-341 AN ACT To amend se<tion 24 of the Federal Reserve Act (12 U.S.C. 371) to liberalize the conditions of loans by national banks on forest tracts.

Be it.enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the second paragraph of section 24 of the Federal Reserve Act (12 U.S.C. 371) is amended to read: "Any national banking association may make real estate loans secured by first liens upon forest tracts which are properly managed in all respects. Such loans shall be in the form of an obligation or obligations secured by mortgage, trust deed, or other such instrument; and any national banking association may purchase any obligation so secured when the entire amount of such obligation is sold to the association. The amount of any such loan shall not exceed 60 per centum of the appraised fair market value of the growing timber, lands, and

June 30, 1964 [H. R. 8230]

Federal Reserve Act, amendment. Forest tracts loans. 67 Stat. 614.

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