Page:United States Statutes at Large Volume 82.djvu/652

 610

PUBLIC LAW 90-448-AUG. 1, 1968

[82 STAT.

against contingencies, such loans shall not be considered as real estate loans within the meaning of this section but shall be classed as ordinary non-real-estate loans." LOW-RENT PUBLIC HOUSING

42 u^c U03 fo^^at'. 897. 42 USC 1417.

73^813^68^1^' 12 USC 1749a. 31 u^c 8^6^'

CORPORATE STATUS

SEC. 1719. (a) The first sentence of section 3 of the United States Housing Act of 1937 is amended by striking "a body corporate of perpetual duration to be known as". (^) Section 17 of such Aot is repealed. The capital stock referred to in such section shall be retired, and sum of $1,000,000 represented b}^ such stock shall be returned to the Treasury of the United States, (c) Such Act is amended by adding a new section 17 as follows: "SEC. 17. I n the performance of, and with respect to, functions, powers, and duties under this Act, the Secretary shall have (in addition to any authority otherwise vested in him) the functions, powers, and duties set forth in subsections (a), (b), and (e) of section 402 of the Housing Act of 1950." (d) Section 101 of the Government Corporation Control Act is amended by striking out "United States Housing Authority and including public housing projects financed through appropriated funds and operations thereof;". S P E C I A L STUDIES OF SAVINGS A N D LOAN I N D U S T R Y

80 Stat. 143.

SEC. 1720. That part of chapter IV of the Second Supplemental Appropriation Act, 1966, wiich relates to expenses necessary for special studies of the savings and loan industry is amended by striking out "1968" and inserting "1969". SMALL B U S I N E S S

15 us^c 6^3^3*'

^^^' ^'^'^^' Subsection (a) of section 4 of the Small Business Act is amended by inserting immediately after "the Commonwealth of Puerto Rico," the following: "the Trust Territory of the Pacific Islands,". TECHNICAL

79ltar477°"' 42 USC 1460. 68 Stat. 626.

12 USC i7"aaa 79 Stat. 469. 12 USC 1715e

ACT

AMENDMENTS

^^^' ^'^^^' ^^^ Section 110(c) of the Housing Act of 1949 is amended by striking out "paragraphs (7), (8), and (9) " in the second unnumbered paragraph following the numbered paragraphs and inserting in lieu thereof "paragraphs (7), (8), (9), and (10)". (b) Section 110(d) of the Housing Act of 1949 is amended by striking out "clauses (2), (3) " and inserting in lieu thereof "clauses (2), (3), (7)". (c) Section 110(e) of the Housing Act of 1949 is amended by striking out "and (9) " in clause (i) and inserting in lieu thereof " (9), and (10)". (^) Section 1101(c)(3) of the National Housing Act is amended by inserting "from the beginning of amortization of the mortgage" immediately after "twenty-five years". (e) Section 213(o) of the National Housing Act is amended by adding at the end thereof four new sentences as follows: "Moneys in the Cooperative Management Housing Insurance Fund not needed for current operations of the fund shall be deposited with the Treasurer of the United States to the credit of the Cooperative Management Housing Insurance Fund or invested in bonds or other obligations of, or in bonds or other obligations guaranteed as to principal and interest by, the United States. The Secretary may, with the

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