Page:United States Statutes at Large Volume 79.djvu/533

 79 STAT. ]

PUBLIC LAW 89-117-AUGUST 10, 1965

construction work. The Secretary of Labor shall have, with respect to the labor standards specified in this section, the authority and functions set forth in Reorganization Plan Numbered 14 of 1950 (15 F.R. 3176; 64 Stat. 1267; 5 U.S.C. 133z-15), and section 2 of the Act of June 13, 1934, as amended (48 Stat. 948; 40 U.S.C. 276c).

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APPROPRIATIONS

SEC. 708. (a) There are authorized to be appropriated for each fiscal year commencing after June 30, 1965, and ending prior to July 1, 1969, not to exceed (1) $200,000,000 for grants under section 702, (2) $50,000,000 for grants under section 703, and (3) $25,000,000 for grants under section 704. (b) Any amounts appropriated under this section shall remain available until expended, and any amounts authorized for any fiscal year under this section but not appropriated may be appropriated for any succeeding fiscal year commencing prior to July 1, 1969. TITLE VIII — FEDERAL NATIONAL MORTGAGE ASSOCIATION INCREASE I N SPECIAL ASSISTANCE

AUTHORITY

SEC. 801. (a) Section 305(c) of the National Housing Act is amended by inserting before the period at the end thereof the following: ", which limit shall be increased by $100,000,000 on the date of the enactment of the Housing and Urban Development Act of 1965, by $450,000,000 on July 1, 1966, by $550,000,000 on July 1, 1967, and by $525,000,000 on July 1, 1968". (b) Section 305(f) of such Act is amended by inserting before the period at the end thereof the following: ": Provided further. That any portion of the total amount of authority set forth in the first proviso of this subsection, which (1) is not required under the second proviso of this subsection to be kept available for purchases and commitments with respect to mortgages insured under section 809, and (2), on the date of enactment of the Housing and Urban Development Act of 1965 and on each July 1 thereafter, would otherwise be available for making new purchases and commitments pursuant to this subsection, shall be transferred to and merged with the authority granted by subsection (a) and added to the amount of such authority which is available, as of the date of the transfer, for purchases and commitments under subsection (c); and the total amount of authority as set forth in the first proviso of this subsection shall progressively be reduced by the amount of each such transfer". P U R C H A S E OF MORTGAGES H E L D BY FEDERAL

75 Stat. 175. 12 USC 1.720.

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INSTRUMENTALITIES

SEC. 802. (a) Section 302 of the National Housing Act is amended by— (1) striking out "Federal," in clause (2) in subsection (b); (2) inserting before "first mortgages" in the first sentence of subsection (c) the following: "obligations offered to it by the Housing and Home Finance Agency or its Administrator, or by such Agency's constituent units or agencies or the heads thereof, or any"; and (3) inserting "and other obligations" after "mortgages" in the last sentence of subsection (c).

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