Page:United States Statutes at Large Volume 89.djvu/316

 89 STAT. 256

PUBLIC LAW 94-50—JULY 2, 1975 be increased on or after the date of enactment of the Emergency Housing Act of 1975, by such amount as is approved in an appropriation Act, but not to exceed $10,000,000,000, and the Association shall not issue obligations pursuant to this section utilizing authority which is conferred by this sentence or which is conferred by the first sentence of this subsection but uncommitted on October 18, 1975, except as approved in appropriation Acts.". EXTENSION

12 USC 1723e note.

SEC. 207. Section 3(b) of the Emergency Home Purchase Assistance Act of 1974 is amended— (1) by striking out "for a period of one year following such date of enactment" and inserting in lieu thereof "until July 1, 1976"; and (2) by striking out "the expiration of such period" each place it appears and inserting in lieu thereof "such date". TITLE III—EMERGENCY R E P A I R AND REHABILITATION AUTHORITY

42 USC 1452b.

12 USC 1735b.

42 USC 4106.

SEC. 301. (a) Section 312(h) of the Housing Act of 1964 is amended by striking out "one-year" and inserting in lieu thereof "two-year". (b) Section 312(d) of such Act is amended by inserting "ending prior to July 1, 1975, and not to exceed $100,000,000 for the fiscal year beginning on July 1, 1975," after "each fiscal year". SEC. 302. Section 518(b) of the National Housing Act is amended— (1) by striking out "one or two" and inserting in lieu thereof "one, two, three, or four"; and (2) by striking out "one year" the second time it appears in clause (1) of the first sentence of such section and inserting in lieu thereof "19 months". SEC. 303. Section 202(b) of the Flood Disaster Protection Act of 1973 is amended by inserting before the period at the end thereof a comma and the following: "except that the prohibition contained in this sentence shall not apply to any loan made prior to January 1, 1976, to finance the acquisition of a previously occupied residential dwelling". Approved July 2, 1975.

LEGISLATIVE HISTORY: HOUSE REPORT No. 94-124 (Comm. on Banking, eurrency and Housing). SENATE REPORT No. 94-78 accompanying S. 1457 (Comm. on Banking, Housing and Urban Affairs). CONGRESSIONAL RECORD, Vol. 121 (1975): Apr. 14, considered and passed House. June 25, 26, considered and passed Senate, amended; House concurred in Senate amendment with amendments. June 27, Senate concurred in House amendments. WEEKLY eOMPILATION OF PRESIDENTIAL DOCUMENTS, Vol 11, No. 27: July 2, Presidential statement.

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