Page:United States Statutes at Large Volume 82.djvu/595

 82 STAT. 1

PUBLIC LAW 90-448-AUG. 1, 1%8

553

rate determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans, adjusted to the nearest one-eighth of 1 per centum, less not to exceed the difference between the adjusted rate determined by the Secretary of the Treasury and 1 per centum per annum, as determined by the Secretary. " (h) The Secretary shall prescribe regulations to insure that Federal funds expended under this section are not wasted or dissipated. "(i) As used in this section (1) the term 'related facilities' shall "Related faciiiinclude any necessary community rooms or buildings, infirmaries, utili- ''^^' ties, access roads, water and sewer services, and the minimum fixed or movable equipment determined by the Secretary to be necessary to make the housing reasonably habitable by trainees and their families; and (2) the term 'trainee' means any person receiving training under "Trainee." any federally assisted training program. " (j) There are authorized to be appropriated such sums as may be Appropriation. necessary to carry out this section." APPROPRIATIONS

SEC. 1003. Section 513 of the Housing Act of 1949 is amended— %ll^^- ^^^' (1) by striking out "and (e) " and inserting in lieu thereof yg stat! 793' " (e) "; and 42 USC usa. (2) by inserting before the period at the end thereof the following: "; and (f) such sums as may be required by the Secretary to administer the provisions of sections 235 and 236 of the National Housing: Act". Ante, pp. 477, •=

498. P U R C H A S E OF LAND FOR B U I L D I N G

SITES

SEC. 1004. Section 514(f)(2) of the Housing Act of 1949 is 75 Stat. ise. amended^^ "^^ • (1) by striking out "and" before " (B) ", and (2) by inserting before the semicolon at the end thereof the following: "and (C) land necessary for an adequate site". MUTUAL AND SELF-HELP

HOUSING

SEC. 1005. Title V of the Housing Act of 1949 is amended by adding 42 USC 1471after section 522 (as added by section 1002 of this Act) the following ^'*^°' new section: "MUTUAL AND SELF-HEI>P HOUSING

"SEC. 523. (a) The purposes of this section are (1) to make financial assistance available on reasonable terms and conditions in rural areas and small towns to needy low-income individuals and their families who, with the benefit of technical assistance and overall guidance and supervision, participate in approved programs of mutual or self-help housing by acquiring and developing necessary land, acquiring building materials, providing their own Tabor, and working cooperatively with others for the provision of decent, safe, and sanitary dwellings for themselves, their families, and others in the area or town involved, and (2) to facilitate the efforts of both public and private nonprofit organizations providing assistance to such individuals to contribute their technical and supervisory skills toward more effective and comprehensive programs of mutual or self-help housing in rural areas and small towns wherever necessary.

�