622
PUBLIC LAW 326-AUG. 9, 1955
[69 S T A T.
and 4 of this Act), the Housing and Home Finance Administrator is authorized and directed to sell and convey to the Housing Authority of the County of Beaver, Borough Township, Pennsylvania, at fair market value as determined by him, on the basis of an appraisal by an independent real estate expert, for use in providing rental housing for persons of limited income, all right, title, and interest of the United States (including, in addition to dwellings, any off-site easements and any structures, appurtenances, and other property, real or personal, acquired for such dwellings or held in connection therewith) in and to the following war housing projects: (1) PA-36053, known as Tamaqui Village, containing one hundred and twenty-five dwelling units on approximately nine and seventeen one-hundredths acres of land in Borough Township, Pennsylvania; (2) PA-36055, known as Pulaski Homes, containing one hundred dwelling units on approximately twenty-two and thirty-seven onehundredths acres of land in Pulaski Township, Pennsylvania; (3) PA-36057, known as Lacock Dwellings, containing seventyfive dwelling units on approximately twelve and twenty-six one-hundredths acres of land in East Rochester, Pennsylvania; (4) PA-36058, known as Mount Vernon Homes, containing fifty dwelling units on approximately seven acres of land in Aliquippa, and Hopewell Township, Pennsylvania; (5) PA-36059, known as Stephen Phillips Homes, containing one hundred dwelling units on approximately thirteen and seven onehundredths acres of land in Monaca, Pennsylvania; (6) PA-36301, known as Van Buren Homes, containing four hundred dwelling units on approximately fifty-seven and eighty-five onehundredths acres of land in Borough Township, Pennsylvania; and (7) PA-36449 (PA-36052-60), known as Midland Heights, containing two hundred eighty dwellings on approximately one hundred sixteen and twenty-eight one-hundredths acres of land in Midland, Pennsylvania. SEC. 2. Notwithstanding the first section of this Act, no war housing project shall be sold as provided in such section until it has been offered by the Housing and Home Finance Administrator to a duly organized mutual ownership or cooperative organization, in the manner and under the terms and conditions customarily provided for in the case of offers of war housing projects for sale to such organizations, and such offer has not been accepted within a reasonable period as determined by the Administrator (but not exceeding one hundred and twenty days). SEC. 3. Any sale of a war housing project by the Housing and Home Finance Administrator under the first section of this Act shall be made on such terms and conditions as the Administrator shall determine; except that full payment to the United States shall be required within a period of not more than thirty years, with interest on the unpaid balance at a rate not exceeding 5 per centum per annum. SEC. 4. The Housing and Home Finance Administrator shall not sell any war housing project under the first section of this Act until he has received from the Attorney General of the Commonwealth of Pennsylvania an opinion to the effect that the Housing Authority of the County of Beaver has legal authority to acquire, pay for, and operate such project as a rental housing project for persons of limited income. SEC. 5. On the first day of the sixth month following the month in which this Act is enacted, or on December 1, 1955, whichever is later, this Act shall cease to apply to any war housing project listed in the
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