Page:United States Statutes at Large Volume 94 Part 1.djvu/790

 94 STAT. 740

12 USC 1709.

Ante, p. 719.

12 USC i723h.

PUBLIC LAW 96-294—JUNE 30, 1980 "(2) the interest rate charged with respect to such mortgage is acceptable to the Board; "(3) the principal amount of such mortgage does not exceed the principal amount which could be insured under section 203(b) of the National Housing Act with respect to the dwelling unit concerned;"; (6) by striking out "loan or advance of credit" in jparagraphs (1), (4), and (5) and inserting in lieu thereof "mortgage; (7) by striking out "Secretary" in paragraph (4) and inserting in lieu thereof *^oard"; (8) by striking out "and" at the end of paragraph (5); and (9) by striking out paragraph (6) and inserting in lieu thereof the following new paragraphs: "(6) the dwelling which secures such mortgage is purchased after the date of enactment of the Solar Energy and Energy Conservation Bank Act; and "(7) such mortgage meets other requirements established by the Board as necessary to carry out this section in an efficient and effective manner.. (c) Section 316(c) of such Act is amended by striking out "Association" and "Association's" each time they appear and inserting in lieu thereof "Bank" and "Bank's", respectively. (d) Section 316(d) of such Act is amended by striking out "loan" and "Association" each time they appear and inserting in lieu thereof "mortgage" and "Bank", respectively. (e) Section 316(e) of such act is amended by striking out "Association" and "loans and advances of credit" and inserting in lieu thereof "Bank" and "mortgages", respectively. (f) Section 316(f) of such Act is amended by striking out "Secretary" and "$100,000,000" and inserting in lieu thereof "Board" and "$800,000,000", respectively. (g) Section 316(g) of such Act is amended by striking out "Secretary", "Association", "loans and advances of credit", "loan or advance", and "loans and advances" and inserting in lieu thereof "Board", "Bank", "mortgages", "mortgage", and "mortgages", respectively. (h) Section 316 of such Act is amended— (1) by striking out subsections (h), (i), and 0*); and (2) by striking out the section heading and inserting in lieu thereof the following: "AUTHORITY OF SOLAR ENERGY AND ENERGY CONSERVATION BANK TO PURCHASE MORTGAGES SECURED BY NEWLY CONSTRUCTED HOMES WITH SOLAR ENERGY SYSTEMS". REPEAL

12 USC i723f.

SEC 533. Section 314 of the Federal National Mortgage Association Charter Act is repealed. SECONDARY FINANCING BY FEDERAL HOME LOAN MORTGAGE CORPORATION AND BY FEDERAL NATIONAL MORTGAGE ASSOCIATION

12 USC 1454.

SEC. 534. (a)(1) Section 305(a)(l) of the Federal Home Loan Mortgage Corporation Act is amended by inserting the following before the period at the end of the first sentence: "or from any public utility

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