Page:United States Statutes at Large Volume 79.djvu/972

 932

PUBLIC LAW 89-240-OCT. 7, 1965

"Development

"Project."

75^stat!*3i^8!^' 16 USC 59or590X.4.

Water pollution r6 strict ions

l o Real ans.

estate 76 Stat. 908. 7 USC 19 28.

75 Stat. 309.

76 s e 632. 7 uStat. 1929. " ^

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[79 STAT.

ii^^^ ^^^ rp^^ term 'development cost' means the cost of construction of a facility and the land, easements, and rights-of-way, and water rights necessary to the construction and operation of the facility. " (B) The term 'project' shall include facilities providing central service or facilities serving individual properties, or both. "(5) No loan or grant shall be made under this subsection which would cause the unpaid principal indebtedness of any association under this Act and under the Act of August 28, 1937, as amended, together with the amount of any assistance in the form of a grant to exceed $4,000,000 at any one time. "(6) The Secretary may make grants aggregating not to exceed $5,000,000 in any fiscal year to public bodies or such other agencies as the Secretary may determine having authority to prepare official comprehensive plans for the development of water or sewer systems in rural areas which do not have funds available for immediate undertaking of the preparation of such plan. "(7) Rural areas, for the purposes of water and waste disposal projects shall not include any area in any city or town which has a population in excess of 5,500 inhabitants. "(8) In each instance where the Secretary receives two or more applications for financial assistance for projects that would serve substantially the same group of residents within a single rural area, and one such application is submitted by a city, town, county or other unit of general local government, he shall, in the absence of substantial reasons to the contrary, provide such assistance to such city, town, county or other unit of general local government. u/gx ^^ Federal funds shall be authorized for use unless it be cer•

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tified by the appropriate State water pollution control agency that the water supply system authorized will not result in pollution of waters of the State in excess of standards established by that agency. "(10) In the case of sewers and waste disposal systems, no Federal funds shall be advanced hereunder unless the appropriate State water pollution control agency shall certify that the effluent therefrom shall conform with appropriate State and Federal water pollution control standards when and where established." gj,^, £. (a) Section 308 of the Consolidated Farmers Home Administration Act of 1961 is amended by— (1) striking out "$200,000,000" and inserting in lieu thereof "$450,000,000"; (2) in clause (a) striking out "except that no agreement shall provide for purchase by the Secretary at a date sooner than three years from the date of the note"; and (3) striking out clause (b) and inserting in lieu thereof " (b) may retain out of payments by the borrower a charge at a rate specified in the insurance agreement applicable to the loan". (b) Section 309(e) of such Act is amended hj striking out "such portion of the charge collected in connection with the insurance of loans at least equal to a rate of one-half of 1 per centum per annum on the outstanding principal obligations and the remainder of such charge" and inserting in lieu thereof "all or a portion, not to exceed one-half of 1 per centum of the unpaid principal balance of the loan, of any charge collected in connection with the insurance of loans; and any remainder of any such charge", (g) Section 309(f)(1) of such Act is amended by striking out "$25,000,000" and inserting in lieu thereof "$50,000,000". Approved October 7, 1965, 10:15 a.m.

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