Page:United States Statutes at Large Volume 83.djvu/413

 83

STATJ

PUBLIC

LAW 91-152-DEC. 24, 1969

385

(i) Section 235 of such Act is amended by striking out "$15,000", "$17,500", and "$20,000" wherever they appear and inserting in lieu thereof "$18,000", "$21,000", and "$24,000", respectively. (j) Section 237(c)(2) of such Act is amended by striking out "$15,000" and "$17,500" and inserting in lieu thereof "$18,000" and "$21,000", respectively.

82 Stat. 477. 12 USC 171.Sz. 82 Stat. 485. 12 USC 1715Z-2.

INCREASE IN GNMA PURCHASE AUTHORITY

SEC. 114. Section 302(b) of the National Housing Act is amended— (1) by striking out "exceeds or exceeded $17,500" in clause (3) of the proviso in the first sentence and inserting in lieu thereof "exceeds or exceeded $22,000"; (2) by striking out "that exceeds $17,500" in the second sentence and inserting in lieu thereof "that exceeds the otherwise applicable maximum amount"; and (3) by striking out "did not exceed $17,500" in the second sentence and inserting in lieu thereof "did not exceed the otherwise applicable maximum amount".

^ ^ta^ 669^

79 Stat. 494.

GNMA SPECIAL ASSISTANCE PURCHASES

SEC. 115. Section 305 of the National Housing Act is amended by 68 Stat. eie; adding at the end thereof the following new subsection: 12'use m o. " (j) Notwithstanding any other provision of this Act, the Association is authorized to purchase pursuant to commitments or otherwise mortgages otherwise eligible for purchase under this section at a price equal to the unpaid principal amount thereof at the time of purchase, with adjustments for interest and any comparable items, and to sell such mortgages at any time at a price within the range of market prices for the particular class of mortgages involved at the time of sale as determined by the Association. Mortgages insured under title V of the Housing Act of 1049, except mortgages for above moderate 63 Stat. 432; income families insured under section 517(a) of such Act, are eligible ^^42 USC MVIfor purchase under this section." i490c. TITLE II — U R B A N R E N E W A L AND H O U S I N G A S S I S T A N C E PROGRAMS URBAN RENEWAL GRANT AUTHORITY

SEC. 201. Section 103(b) of the Housing Act of 1949 is amended— 63 Stat. 4i6; (1) by inserting before the period at the end of the first sen- ^^42 USC^i453 tence the following: ", and by $1,700,000,000 on July 1, 1970"; and (2) by inserting after the first sentence the following new sentence: "Not less than 35 per centum of the amounts available to the Secretary for grants under this title during each of the fiscal years beginning July 1, 1969, and July 1, 1970, shall be for grants under part B. " 82 Stat. 518

42 USC 14691469c.

EXTENSION

OF URBAN

RENEWAL

ASSISTANCE

TO THE

TRUST TERRITORY

OF THE PACIFIC ISLANDS AND TO INDIAN TRIBES

SEC. 202. (a) Section 110(h) of the Housing Act of 1949 is amended by striking out the second sentence and inserting in lieu thereof the following: "The term 'State' includes the several States, the District of Columbia, the Commonwealth of Puerto Rico, the Trust Territory

^s Stat. 626. '^^ ^^^ ^'*^°

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