Page:United States Statutes at Large Volume 80 Part 1.djvu/1309

 80 STAT.

PUBLIC LAW 89-754-NOV. 3, 1966

1273

" (b) in the case of systems for sewerage, the land may be served by— "(1) existing privately or cooperatively owned systems (including reasonable extensions thereto) which are approved as adequate by the Secretary, and which are regulated or supervised by the State or political subdivision or an agency thereof, or (in the absence of such State or local regulation or supervision) are otherwise regulated in a manner acceptable to the Secretary; or "(2) if it is necessary to develop a new system and the Secretary determines that public ownership of such a system is not feasible, an adequate privately or cooperatively owned new system (A) which he finds consistent with other existing or prospective systems within the area, (B) which during the period of such ownership will be regulated or supervised by the State or political subdivision or an agency thereof, or (in the absence of such State or local regulation or supervision) will be otherwise regulated in a manner acceptable to the Secretary, with respect to user rates and charges, capital structure, methods of operation, and rate of return, and (C) regarding which he receives assurances, satisfactory to him, with respect to eventual public ownership and operation of the system and with respect to the conditions and terms of any sale or transfer." FEDERAL N A T I O N A L MORTGAGE ASSOCIATION SPECIAL ASSISTANCE FOR N E W COMMUNITIES

SEC. 405. Section 302(b) of the National Housing Act is amended by ys^ltftVyg^^' inserting after "or title VIII, " in the proviso the following: "or under 12 USC 1717. title X with respect to a new community approved under section 1004 thereof,". URBAN P L A N N I N G

GRANTS

SEC. 406. Section 701(a)(4) of the Housing Act of 1954 is amended by inserting before the semicolon at the end thereof the following: ", or for areas where rapid urbanization is expected to result on land developed or to be developed as a new community approved under section 1004 of the National Housing Act". PUBLIC FACILITY

H J*|^'/Jf;

LOANS

SEC. 407. Section 202(b)(4) of the Housing Amendments of 1955 y/stfS^'sos^*'' is amended by adding before the period at the end of the second sen- 42 USC 1492. tence the following: ", or (iii) to be provided in connection with the establishment of a new community approved under section 1004 of the National Housing Act". TITLE V—MOKTGAGE INSURANCE FOR G R O U P PRACTICE FACILITIES PURPOSE

SEC. 501. I t is the purpose of this title to assure the availability of credit on reasonable terms to units or organizations engaged in the group practice of medicine, optometry, or dentistry, particularly those in smaller communities and those sponsored by cooperative or other nonprofit organizations, to assist in financing the construction and equipment of group practice facilities.

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