78 STAT. ]
PUBLIC LAW 88-309-MAY 20, 1964
199
(c) When the Secretary determines that a project approved by him ^^^^^^^y' *° ^'°^^' had been completed, he shall cause to be paid to the proper authority of the State, the Federal share of the project. The Secretary may, if he determines that the project is being conducted in compliance with the approved plans and specifications, make periodic payments on the project as it progresses, but these payments, together with previous payments, shall not exceed the United States share of the project in conformity with the plans and specifications. The Secretary and each State agency may determine jointly at what time and in what amounts progress payments are made. All payments shall be made to the official or depository, as may be designated by the State agency and authorized under the laws of the State to receive public funds of the State. SEC. 7. (a) All work, including the furnishing of labor and materials, ^°'"'^ conditions. needed to complete any project approved by the Secretary shall be performed in accordance with applicable Federal and State laws under the direct supervision of the State agency, and in accordance with regulations as the Secretary may prescribe. Title to all property, real and I)ersonal, acquired for the purposes of completing any project approved by the Secretary, vests in the State. (b) All laborers and mechanics employed by contractors or subcon- ^^^ '•^*^^" tractors on all construction projects assisted under this Act shall be paid wages at rates not less than those prevailing on similar construction in the locality, as determined by the Secretary of Labor in accordance with the Davis-Bacon Act, as amended (40 U.S.C. 276a—276a-5), ^9 Stat. ion. and shall receive overtime pay in accordance with and subject to the provisions of the Contract Work Hours Standards Act (Public Law 87-581). The Secretary of Labor shall have with respect to the labor J^ ^^^ ^^'^^ standards specified in this section the authority and functions set forth note. in Reorganization Plan Numbered 14 of 1950* (15 F.R. 3176; 5 U.S.C. 133Z-15) and section 2 of the Act of June 13, 1934, as amended (40 ^^ Stat. i267. U.S.C. 276c).
63 Stat. 108.
(c) If a State disposes of any real or personal property acquired Property disunder this Act, the State shall pay into the Treasury of the United ^°^^^' States the amount of any proceeds resulting from the property disposal to the extent of and in the same ratio that funds provided by this Act were used in the acquisition of the property. In no case shall the amount paid into the Treasury of the United States under this section exceed the amount of funds provided by this Act for the acquisition of the property involved. SEC. 8. The Secretary is authorized to make such rules and regula- Rules and regtions as he determines necessary to carry out the purposes of this Act. "^^*i°"sSEC. 9. Amend section 4 of the Fish and Wildlife Act of 1956 (70 Stat. 1121) as amended (16 U.S.C. sec. 742c), by adding a new subsection to read as follows: "(e) The Secretary is authorized under such terms and conditions chartl'r^^.^^^^^^' and pursuant to regulations prescribed by him to use the funds appro- Loans to Alaskan priated under this section to make loans to commercial fishermen for earthquake victims. the purpose of chartering fishing vessels pending the construction or repair of vessels lost, destroyed, or damaged by the earthquake of March 27, 1964, and subsequent tidal waves related thereto: Provided, That any loans made under this subsection shall only be repaid from the net profits of the operations of such chartered vessels, which profits shall be reduced by such reasonable amount as determined by the Secretary for the salary of the fishermen chartering such vessels. The funds authorized herein shall not be available for such loans after June 30, 1966."' Approved May 20, 1964. 31-667 0-65—16
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