Page:United States Statutes at Large Volume 75.djvu/215

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[75 Stat. 175]
[75 Stat. 175]
PUBLIC LAW 87-000—MMMM. DD, 1961

75

STAT.]

PUBLIC LAW 87-70-JUNE 30, 1961

175

if such program has not been completed, that there is an urgent need for the provision of the facilities or equipment to be commenced prior to the time that the program could reasonably be expected to be completed: Provided, That no such loan shall be made, except under a prior commitment, after December 31, 1962." (h) Section 203(a) of such Amendments is amended by striking 42 USC'HQ^I" out the words "in an amount not exceeding $150,000,000, notes and other obligations" in the first sentence and inserting in lieu thereof the following: "notes and other obligations in an amount not to exceed $650,000,000: Provided, That, of the funds obtained through the issuance of such notes and other obligations, $600,000,000 shall be available only for purchases and loans pursuant to clause (1) of section 202(a) of this title and $50,000,000 shall be available only for purchases and loans pursuant to clause (2) of such section". (i) Title II of such Amendments is further amended by adding at i^g^^y^^ 1491the end thereof the following new section: "SEC. 207. The Administrator is authorized to establish technical advisory services to assist municipalities and other political subdivisions and instrumentalities in the budgeting, financing, planning, and construction of community facilities. There are hereby authorized to be appropriated such sums as may be necessary, together with any fees that may be charged, to cover the cost of such services." (j) Section 203(b) of such Amendments is amended by inserting ^ ^^^ ^*^3"be" immediately after "which may". ADVANCES rOR PUBLIC WORKS PLANNING

SEC. 502. Section 702 of the Housing Act of 1954 is amended by— (1) striking out in subsection (a) "10" and inserting in lieu thereof "I21/2"; (2) striking out the first sentence of subsection (b) and inserting in lieu thereof the following: "No advance shall be made hereunder with respect to any individual project, including a regional or metropolitan or other area-wide project, unless (1) it is planned to be constructed within or over a reasonable period of time considering the nature of the project, (2) it conforms to an overall State, local, or regional plan approved by a competent State, local, or regional authority, and (3) the public agency formally contracts with the Federal Government to complete the plan preparation promptly and to repay such advance or part thereof when due."; (3) inserting after "1958;" in subsection (e) the following: "$10,000,000 which may be made available to such fund on or after July 1, 1961;"; and (4) striking out in subsection (e) "$48,000,000" and inserting in lieu thereof "$58,000,000".

69 Stat. 641. 40 USC 4(52.

TITLE VI — AMENDMENTS TO THE N A T I O N A L H O U S I N G ACT FEDERAL NATIONAL MORTGAGE ASSOCIATION SPECIAL A S S I S T A N C E AUTHORIZATION

SEC. 601. (a) Section 305(c) of the National Housing Act is gtLl fa"** ^ ® ' ' " amended to read as follows: 12' use 1720. "(c) The total amount of purchases and commitments authorized by the President pursuant to subsection (a) of this section shall not exceed $1,700,000,000 outstanding at any one time."