73
STAT.]
PUBLIC LAW 86-372-SEPT. 23, 1959
673
thirds of the cost (as such cost is determined or estimated by the Administrator) of the preparation or completion of the community renewal program for which such grant is made." P U B L I C IMPROVEMENTS BY FEDERAL AGENCIES I N U R B A N R E N E W A L AREAS
SEC. 406. Section 105(b) of the Housing Act of 1949 is amended by 68 Stat. 625. adding the following before the semicolon at the end thereof: ": And '^^ ^^^ '^^ " provided further, That, with respect to any improvements of a type which it is otherwise authorized to undertake, any Federal agency (as defined in section 3(b) of the Federal Property and Administrative Services Act of 1949, as amended, and also including the District of |3 st^t^. 378. Columbia or any agency thereof) is hereby authorized to become obligated in accordance with this subsection, except that clause (ii) of this subsection shall apply to such Federal agency only to the extent that it is authorized (and funds have been made available) to make the improvements involved". P U B L I C DISCLOSURE BY REDEVELOPERS
SEC. 407. Section 105 of the Housing Act of 1949 is amended by ^2 USC HSS. adding at the end thereof the following new subsection: "(e) No understanding with respect to, or contract for, the disposition of land within an urban renewal area shall be entered into by a local public agency unless the local public agency shall have first made public, in such form and manner as may be prescribed by the Administrator, (1) the name of the redeveloper, together with the names of its officers and principal members, shareholders and investors, and other interested parties, (2) the redeveloper's estimate of the cost of any residential redevelopment and rehabilitation, and (3) the redeveloper's estimate of rentals and sales prices of any proposed housing involved in such redevelopment and rehabilitation: Provided, That nothing in this subsection shall constitute a basis for contesting the conveyance of, or title to, such land.". S T A T E LOAN C E I L I N G
SEC. 408. Section 106(e) of the Housing Act of 1949 is amended by striking out all of the text before the proviso and inserting in lieu thereof the following: "Not more than 121/^ per centum of the grant funds provided for in this title shall be expended in any one State".
Ji st|^ 30o^
RELOCATION PAYMENTS
SEC. 409. (a)(1) The first sentence of section 106(f)(2) of the 7istat. soo. Housing Act of 1949 is amended to read as follows: "As used in this ^^ ^^^ *'*^^subsection, the term 'relocation payments' means payments by a local public agency to individuals, families, and business concerns for their reasonable and necessary moving expenses and any actual direct losses of property except goodwill or profit (which are incurred on and after August 7, 1956, and for which reimbursement or compensation is not otherwise made) resulting from their displacement from an urban renewal area made necessary by (i) the acquisition of real property by a local jjublic agency or by any other public body, (ii) code enforcement activities undertaken in connection with an urban renewal project, or (iii) a program of voluntary rehabilitation of buildings or other improvements in accordance with an urban renewal plan: Provided, That such payments shall not be made after completion of the project or if completion is deferred solely for the purpose of obtaining further relocation payments."
�
