Page:United States Statutes at Large Volume 84 Part 2.djvu/446

 1776

12 u*^c' 1 * 7 ^0 79 Stat. 451.' 12 USC 1701s.

PUBLIC LAW 91-609-DEC. 31, 1970

[84 STAT.

other considerations, any rental housing project assisted under title II ^^ *^^^ National Housing Act or title I of the Housing and Urban Development Act of 1965 could ordinarily be expected substantially to serve the family housing needs of lower income military personnel serving on active duty, the Secretary is authorized to provide for or approve such preference or priority of occupancy of such project by such military personnel as he shall determine is appropriate to assure that the project will serve their needs on a continuing basis notwithstanding the frequency with which individual members of such personnel may be transferred or reassigned to new duty stations." STATE F U N D I N G OF SECTION
 * '(m) Whenever he shall determine that, because of location or

2 3 6 I N T E R E S T REDUCTION

PAYMENTS

82 Stat. 498; SEC. 121. (a) Section 236 of the National Housing Act is amended Tusc^msz-i. ^y adding at the end thereof the following new subsection: " (n) The Secretary is authorized to enter into agreements with any State or agency thereof under which such State or agency thereof contracts to make interest reduction payments, subject to all the terms and conditions specified in this section and in rules, regulations and procedures adopted by the Secretary under this section, with respect to all or a part of a project covered by a mortgage insured under this section. Any funds provided by a State or agency thereof for the purpose of making interest reduction payments shall be administered, disbursed and accounted for by the Secretary in accordance with the agreements entered into by the Secretary with the State or agency thereof and for such fees as shall be specified therein. Before entering into any agreements pursuant to this subsection the Secretary shall require assurances satisfactory to him that the State or agency thereof is able to provide sufficient funds for the making of interest reduction payments for the full period specified in the interest reduction contract." (b) The first sentence of section 236(i)(1) of such Act is amended by inserting "by the Secretary" immediately following "entered into". TITLE II—URBAN RENEWAL AND HOUSING ASSISTANCE PROGRAMS U R B A N R E N E W A L GRANT AUTHORITY

63 Stat. 416; ^'4 USC''i453.

SEC. 201. Section 103(b) of the Housing Act of 1949 is amended— (1) by striking out "and by $1,700,000,000 on July 1, 1970" in the first sentence and inserting in lieu thereof "by $1,700,000,000 on July 1, 1970, and by $1,500,000,000 on July 1, 1971"; and (2) by striking out "beginning July 1, 1969, and July 1, 1970" in the second sentence and inserting in lieu thereof "commencing after June 30, 1969 and ending prior to July 1, 1974". PUBLIC HOUSING A N N U A L

CONTRIBUTIONS

SEC. 202. The first sentence of section 10(e) of the United States 83 Stat. 388. use 1410.

Housing Act of 1937 is amended by striking o u t " and $170,000,000 on j ^ j y ^^ ^g^Q„ ^ ^ ^ inserting i n lieu thereof "$320,000,000 o n July 1, 1970, and $225,000,000 on July 1, 1971 ".

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