Page:United States Statutes at Large Volume 87.djvu/1016

 984

PUBLIC LAW 93-235-JAN. 2, 1974

[87 STAT.

Secretary shall encourage local officials to disseminate information concerning such study widely within the community, so that interested persons will have an opportunity to bring all relevant facts and technical data concerning the local flood hazard to the attention of the agency during the course of the study. TO P E R M I T N A T I O N A L B A N K S TO I N V E S T I N AGRICULTURAL CORPORATIONS

CREDIT

SEC. 207. That paragraph "Seventh"' of section 5136 of the Revised Statutes (12 U.S.C. 24) is amended by adding at the end thereof the following: "Notwithstanding any other provision in this paragraph, the association may purchase for its own account shares of stock issued by a corporation organized solely for the purpose of making loans to farmers and ranchers for agricultural purposes, including the breeding, raising, fattening, or marketing of livestock. However, unless the association owns at least 80 per centum of the stock of such agricultural credit corporation the amount invested by the association at any one time in the stock of such corporation shall not exceed 20 per centum of the unimpaired capital and surplus of the association.". F L E X I B L E I N T E R E S T RATE AUTHORITY FOR MOBILE H O M E LOANS

82 Stat. 113; 86 Stat. 405. 56 Stat. 305; 84 Stat. 1773. 12 USC. 1703.

S E C 208. Section 3(a) of the Act entitled "An Act to amend chapter 37 of title 38 of the United States Code with respect to the veterans' home loan program, to amend the National Housing Act with respect to interest rates on insured mortgages, and for other purposes", approved May 7, 1968, as amended (12 U.S.C. 1709-1), is amended by adding at the end thereof the following new sentence: "Notwithstanding the provisions of section 2(b) of the National Housing Act regarding the maximum interest rate which may be established for obligations with respect to which insurance is granted to financial institutions under section 2 of such Act, the Secretary of Housing and Urban Development is also authorized, until the date specified in the preceding sentence, to set the maximum interest rate for obligations with respect to which insurance is granted under such section, and which represent loans and advances of credit made for the purpose of financing purchases of mobile homes, at such level as he finds necessary to meet the loan market.". Approved December 31, 1973.

Public Law 93-235 January 2, 1974 [S. J. R e s. 1 8 2 ]

Economic report. Time e x t e n s i o n. 60 Stat. 24; 70 Stat. 289.

62 Stat. 16.

JOINT RESOLUTION Extending the datew for the transmission of the 1974 Economic Report and the report of the Joint Economic Committee.

Resolved by the Senate and House of Representatives of the United /States of America in Congress assembled, That (a) notwithstanding the provisions of section 3(a) of the Employment Act of 1946 (15 U.S.C. 1022(a)), the President shall transmit the 1974 Economic Report to the Congress not later than February 1, 1974, and (b) notwithstanding the provisions of clause (3) of section 5(b) of such Act (15 U.S.C. 1024(b)), the Joint Economic Committee shall file its report on the President's 1974 Economic Report with the Senate and the House of Representatives not later than March 13, 1974. Approved January 2, 1974.

�