79 STAT. ]
PUBLIC LAW 89-174-SEPT. 9, 1965
IRAXSFKRS TO DEPARTMENT
SEC. 5. (a) Except as otherwise provided in subsection (b) of this section, there are hereby transferred to and vested in the Secretary all of the functions, powers, and duties of the Housing and Home Finance Agency, of the Federal Housing Administration and the Public Housing Administration in that Agency, and of the heads and other officers and offices of said agencies. (b) The Federal National Mortgage Association, together with its functions, powers, and duties, is hereby transferred to the Department. The next to the last sentence of section 308 of the Federal National ^g stat^'eao Mortgage Association Charter Act and the item numbered (94) of sec- 12 USC 1723, tion 303(e) of the Federal Executive Salary Act of 1964 are hereby re- 5*ulc*22\^/pealed, and the position of the President of said Association is hereby allocated among the positions referred to in section 7(c) hereof. (c) The President shall undertake studies of the organization of congre'Is*^ housing and urban development functions and programs within the Federal Government, and he shall provide the Congress with the findings and conclusions of such studies, together with his recommendations regarding the transfer of such functions and programs to or from the Department. Notwithstanding any other provision of this Act, none of the functions of the Secretary' of the Interior authorized under the Land and Water Conservation Fund Act of 1965 (78 Stat. 897) J,i^^^ ^^^^'^ or other functions carried out by the Bureau of Outdoor Recreation note. shall be transferred from the Department of the Interior or in any way be limited geographically unless specificalh- provided for by reorganization plan pursuant to provisions of the Keorganization Act 5 USC 133z of 1949 (63 Stat. 203), as amended, or by statute. note. CONFORMING
SEC. 6. (a) Section 19(d)(1) of title 3 of the United States Code is hereby amended by striking out the period at the end thereof and inserting a comma and the following: "Secretary of Health, Education, and Welfare, Secretary of Housing and Urban Development." (b) Section 158 of the Revised Statutes (5 I'.S.C. 1) is amended by adding at the end thereof: "Eleventh. The Department of Housing and I > b a n Development." (c) The amendment made by subsection (b) of this section shall not be construed to make applicable to the Department any provision of law inconsistent with this Act.
" Stat. 577.
SEC. 7. (a) The personnel employed in coiniection with, and the J^^^^l^ °l assets, liabilities, contracts, property, records, and unexpended balances Lts" e"c.' of appropriations, authorizations, allocations, or other funds held, used, arising from, or available or to be made available in connection with, the functions, powers, and duties transferred by section 5 of this Act are hereby transferred with such functions, powers, and duties, respectively. (h) No transfer of functions, powers, and duties shall at any time Restriction. be made within the Department in connection with the secondary market operations of the Federal National Mortgage Association unless the Secretary finds that the rights and interests of owners of outstanding common stock issued under the Federal National Mortgage Asso<'iation Charter \vt Avill not be adversely affected thereby. ^^ st^t^. 622^ note.