Page:United States Statutes at Large Volume 75.djvu/220

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[75 Stat. 180]
[75 Stat. 180]
PUBLIC LAW 87-000—MMMM. DD, 1961

180

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PUBLIC LAW 87-70-JUNE 30, 1961

[75 S T A T.

(3) by striking out "70 per centum" and inserting in lieu thereof 75 per centum". (b) Section 220(d)(3)(A) of such Act is amended (1) by striking out "$22,500" and inserting in lieu thereof "$26,000", and (2) by striking out "or $25,000" and inserting in lieu thereof "or $27,500'\ NURSING HOMES

12 vie fy^sw.

SEC. 610. Section 232(d)(2) of the National Housing Act is amended by striking out the words following the comma and inserting in lieu thereof the following: "and not to exceed 90 per centum of the estimated value of the property or project when the proposed improvements are completed." HOUSING FOR DEFENSE-IMPACTED AREAS

12 us^c i748h.2.

^ ^ - ^^^' (^) (^).Section 810(b) of the National Housing Act is amended (A) by striking out "the Secretary of Defense or his designee shall have certified to the Commissioner that", and (B) by striking out the last sentence. (2) Section 810(d) of such Act is amended (A) by striking out "until advised by the Secretary of Defense or his designee" and inserting in lieu thereof "until he finds", and (B) by striking out ", as evidenced by certification" and all that follows and inserting in lieu thereof a period. 'R«p««i(3) Section 810(1) of such Act is repealed. 42 USC i¥94i. (b) Section 406(a) of the Act of August 30, 1957 (71 Stat. 556), is amended by striking out ", and no certificates with respect to any family housing units shall be issued by the Secretary of Defense or 12 USC i748h-2. j^jg designee under section 810 of the National Housing Act, as amended,". MISCELLANEOUS FHA AMENDMENTS 52 Stat. 11. 12 USC 1709.

S E C 612. (a) Section 203 of the National Housing Act is amended

(1) striking out in subsection (b)(3) the words "insurance of the mortgage" and inserting in lieu thereof "beginning of amortization of the mortgage", and (2) striking out in the first proviso of the second sentence of subsection (c) the words "particular insurance fund" and inserting in lieu thereof "particular insurance fund or account". 12 USC 1710. ^1)) The second sentence of section 204(d) of such Act is amended by inserting after "mortgagee after default," the following: "except 12 USC 1715k. ^^g^|. debentures issued pursuant to the provisions of section 220(f), j^tif%Msa!' section 221(g), and section 233 may be dated as of the date the mortgage is assigned (or the property is conveyed) to the Commissioner,". 12 USC 1710. ^^^ rpj^^ Yast sentence of section 204(g) of such Act is amended to read as follows: "The power to convey and to execute in the name of the Commissioner deeds of conveyance, deeds of release, assignments and satisfactions of mortgages, and any other written instrument relating to real or personal property or any interest therein heretofore or hereafter acquired by the Commissioner pursuant to the provisions of this Act, may be exercised by the Commissioner or by any Assistant Commissioner appointed by him, without the execution of any express delegation of power or power of attorney: Provided, That nothing in this subsection shall be construed to prevent the Commissioner from delegating such power by order or by power of attorney, in his discretion, to any officer, agent, or employee he may appoint: And provided further, That a conveyance or transfer of title to real or personal property or an interest therein to the Federal Housing Com-