Page:United States Statutes at Large Volume 84 Part 2.djvu/572

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[84 STAT. 1902]
[84 STAT. 1902]
PUBLIC LAW 91-000—MMMM. DD, 1970

1902

PUBLIC LAW 91-646-JAN. 2, 1971

[84 STAT.

dividend, or cooperative organizations or to public bodies, for necessary and reasonable expenses, prior to construction, for planning and obtaining federally insured mortgage financing for the relhabilitation or construction of housing for such displaced persons. Notwithstanding the preceding sentence, or any other law, such loans shall be available for not to exceed 80 per centum of the reasonable costs expected to be incurred in planning, and in obtaining financing for, such housing, prior to the availability of such financing, including, but not limited to, preliminary surveys and analyses of market needs, preliminary site engineering, preliminary architectural fees, site acquisition, application and mortgage commitment fees, and construction loan fees and discounts. Ixyans to an organization established for profit shall bear interest at a market rate established by the head of such Federal agency. All other loans shall be without interest. Such Federal agency head shall require repayment of loans made under this section, under such terms and conditions as he may require, upon completion of tlhe project or sooner, and except in the case of a loan to an organization established for profit, may cancel any part or all of a loan if he determines that a permanent loan to finance the rehabilitation or the construction of such housing cannot be obtained in an amount adequate for repayment of such loan. Upon repayment of any such loan, the Federal share of the sum repaid ^hall be credited to the account from which such loan was made, unless the Secretary of the Treasury determines that such account is no longer in existence, in which case such sum shall be returned to the Treasury and credited to miscellaneous receipts. P A Y M E N T S N O T TO BE CONSIDERED AS I N C O M E

SEC. 216. No payment received under this title shall be considered as 26 USC^i°e^' income for the purposes of the Internal Revenue Code of 1954; or for ^^'^* the purposes of determining the eligibility or the extent of eligibility 49 Stat. 620. Qf ^nv persou for assistance under the Social Security Act or any other 42 USC line An TTo/- 1305.

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Federal law. D I S P L A C E M E N T BY CODE E N J - O R C E M E N T, R E H A B I L I T x \ T I O N, A N D DEMOLITION PROGRAMS RECEIVING FEDERAL ASSISTANCE

63 Stat. 414; ^42*1180 u*5o. 80 Stat. 1255. 42 USC 3301 note

SEC. 217. A person who moves or discontinues his business, or moves other personal property, or moves from his dwelling on or after the effective date of this Act, as a direct result of any project or program which receives Federal financial assistance under title I of the Housing s^^\^ of 1949, as amended, or as a result of carrying out a comprehensive ^"^^y demonstration program under title I of the Demonstration Cities and Metropolitan Development Act of 1966 shall, for the purposes of ||-^jg w\\^^ be deemed to have been displaced as the result of the acquisition of real property. TRANSFERS OF SURPLUS

PROPERTY

SEC. 218. The Administrator of General Services is authorized to transfer to a State agency for the purpose of providing replacement housing required by this title, any real property surplus to the needs of the United States within the meaning of the Federal Property and 63 Stat. 377. Administrative Services Act of 1949, as amended. Such transfer shall 40 USC 471 note, j^e subject to such terms and conditions as the Administrator determines necessary to protect the interests of the United States and may be made without monetary consideration, except that such State agency shall pay to the United States all amounts received by such agency frorn any sale, lease, or other disposition of such property for such housing.