Page:United States Statutes at Large Volume 86.djvu/508

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PUBLIC LAW 92-349-JULY 13, 1972

[86

STAT.

the Treasury may at any time sell any of the notes or other obligations acquired by him under this subsection. All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States. "OBLIGATIONS AS LAWFUL INVESTMENTS

Ante, p. 464.

Study.

84 Stat. 967. 49 USC 1612. Report to Congress.

"SEC. 12. (a) Obligations issued by the Transit Authority which are guaranteed by the Secretary of Transportation under section 9 shall be lawful investments, and may be accepted as security for fiduciary, trust, and public funds, the investment or deposit of which shall be under authority or control of the United States or of any officer or officers thereof, and shall be deemed to be exempt securities within the meaning of laws administered by the Securities and Exchange Commission to the same extent as securities which are issued by the United States. " (b) The sixth sentence of the paragraph of section 5136 of the Revised Statutes of the United States designated 'Seventh' (12 U.S.C. 24) is amended by inserting', or obligations of the Washington Metropolitan Area Transit Authority which are guaranteed by the Secretary of Transportation under section 9 of the National Capital Transportation Act of 1969' immediately following 'or general obligations of any State or of any political subdivision thereof. "(c) Any building association, building and loan association, or savings and loan association, incorporated or unincorporated, orgaganized and operating under the laws of the District of Columbia, or any Federal savings and loan association, may invest its funds in obligations of the Transit Authority which are guaranteed by the Secretary of Transportation under section 9." SEC. 102. The Secretary of Transportation shall: (1) conduct a study to determine the additional funds (if any) needed to bring the facilities and services of the Adopted Regional System into conformity with the national policy respecting the needs of the elderly and the handicapped stated in section 16(a) of the Urban Mass Transportation Act of 1964, and (2) report to the Congress the results of such study. TITLE II—INCREASED DISTRICT O F COLUMBIA CONTRIBUTION

83 Stat. 321.

83 Stat. 321.

SEC. 201. (a) Section 4(a) of the National Capital Transportation Act of 1969 (D.C. Code, sec. 1-1443(a)) is amended (1) by striking out "$216,500,000" and inserting in lieu thereof "$269,700,000", and (2) by striking out "$166,500,000" and inserting in lieu thereof "$219,700,000". (b) Paragraph (3) of subsection (b) of the first section of the Act of June 6, 1958 (D.C. Code, sec. 9-220(b)(3)) is amended (1) by striking out "$216,500,000" and inserting in lieu thereof "$269,700,000", and (2) by striking out "$166,500,000" and inserting in lieu fi.or.o«* "^'^ n.^c.or.fiT.n, ir. iio„ thereof "$219,700,000". TITLE III—COMPACT AMENDMENTS

Washington Metropolitan Area Transit Authority Compact, amendments. 80 Stat. 1324.

SEC. 301. (a) The Congress hereby consents to amendments to articles I, III, VII, IX, X I, X IV, and X VI of title III of the Washington Metropolitan Area Transit Regulation Compact (D.C. Code, sec. 1-1431 note) substantially as follows:

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