1816
PUBLIC LAW 91-609-DEC. 31, 1970 UXPLEDGED DEPOSITS I N
48 Stat. 1255. 12 USC 1724.
82 Stat. 8 5 6.
B A N K FOR SAVINGS AND CHICAGO, I L L I N O I S
[84 STAT.
LOAN
SEC. 916. Unpledged deposits in the Bank For Savings and Loan Associations, Chicago, Illinois, maintained by any institution v^hich is a member of a Federal Home Loan Bank or is an insured institution as defined in section 401(a) of the National Housing Act, shall be considered assets for purposes of meeting the liquidity requirements of section 5A(b) of the Federal Home Loan Bank Act (12 U.S.C. 1425a (b)). INFORMATION A N D ADVICE TO N O N P R OF I T P R O J E C T
79 Stat. 668. 42 USC 3533.
12 USC 1701c note.
SPONSORS
SEC. 917. Section 4 of the Department of Housing and Urban Development Act is amended by adding at the end thereof the follovrjj-^g ^^^ subsection: " (d) There shall be in the Department an Assistant to the Secretary, designated by the Secretary, who shall be responsible for providing information and advice to nonprofit organizations desiring to sponsor housing projects assisted under programs administered by the Department." A N N U A L REPORT ON PROGRAM ADMINISTRATION A N D
8 2 Stat. 477.
ASSOCIATIONS,
MANAGEMENT
SEC. 918. Section 5 of the Housing and Urban Development Act of 1968 is amended by striking out "in the calendar year 1969 and in the calendar year 1970" and inserting in lieu thereof "in each calendar year". DISPOSITION OF S U R P L U S LAND FOR LOW A N D MODERATE I N C O M E H O U S I N G A N D RELATED F A C I L I T I E S
4o^usc"48°4b*.
SEC. 919. (a) Section 414(a) of the Housing and Urban Development Act of 1969 is amended— (1) by striking out "rental or cooperative" in the first sentence; (2) by striking out the period at the end of the first sentence and inserting after "income" the following: ", and for related public facilities and for related commercial and industrial facilities approved by the Secretary."; and (3) by inserting "235 or" between "section" and "236" in clause (C). (b) Section 414(b) of such Act is amended— (1) by striking out "rental or cooperative" in the first sentence; (2) by inserting "and related facilities" between "housing" and " to " in the first sentence; (3) by inserting "and the Administrator of General Services" after "Secretary" in the second sentence, and by striking out "has" before "approved" in the second sentence and inserting in lieu thereof "have"; and (4) by inserting "and the Committees on Government Operations" after "Currency" in the third sentence, and by striking out "he approves" in the third sentence and inserting in lieu thereof "he and the Administrator of General Services approve". SAVINGS A N D LOAN H O L D I N G
8 2 Stat. 5,9. 12 USC 17 30a.
COMPANIES
SEC. 920. Section 408(d)(4)(B) of the Savings and Loan Holding Company Amendments of 1967 is amended by inserting before the scmicolon at the end thereof the following: ": Provided, however, That with the prior written approval of the Corporation, a subsidiary
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