All 67 Stat. 129. inortgagor is regulated or restricted pursuant to the last sentence of this section or (2)"; and (2) by adding the following new sentence at the end of said section: "Without limiting the authority of the Commissioner under any other provision of law, the Commissioner is hereby authorized, with respect to any mortgagor in such case (except where the Alaska Housing Authority is the mortgagor or mortgagee), to require the mortgagor to be regulated or restricted as to rents or sales, charges, capital structure, rate of return, and methods of operation to such an extent and in such manner as the Commissioner determines advisable to provide reasonable rentals and sales prices and a reasonable return on the investment." Approved June 30, 1953. 38207 O 53 - 31 To amend section 503 of the Act entitled "An Act to expedite the provision of housing in connection with national defense, and for other purposes", approved October 14, 1940, as amended. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 503 of Veterans' prefthe Act entitled "An Act to expedite the provision of housing in con- erence. nection with national defense, and for other purposes", approved Housing. October 14, 1940, as amended, is further amended by inserting after 59 Stat. 260. the words "during the present war" the following: "and prior to such 42 USC 1573. date thereafter as shall be determined by the President". SEC. 2. Section 1 (b) (2) of the Bankhead-Jones Farm Tenant Act, 60 Stat. 1073. as amended, is amended to read as follows: 7 USC 1001. surance. "Any veteran (defined herein as a person who served in the military Farm loan and forces of the United States during any war between the United States mortgage inand any other nation or during the period beginning June 27, 1950, and ending on such date as shall be determined by Presidential proclamation or concurrent resolution of Congress and who was discharged or released therefrom under conditions other than dishonorable) who intends to engage in farming as a principal occupation, and who meets the requirements of rules and regulations prescribed by the Secretary as to industry, experience, character, and other assurances of success as a farmer, shall be eligible for the benefits of this title and his application shall be entitled to preference over the applications of nonveterans." SEC. 3. Section 507 of the Housing Act of 1949, as amended, is 63 Stat. 436. amended to read as follows: 42 USC 1477. "As between eligible applicants seeking assistance under this title, the Secretary shall give preference to veterans and the families of deceased servicemen. As used herein, a 'veteran' shall mean a per- "Veteran". son who served in the military forces of the United States during any war between the United States and any other nation or during the period beginning June 27, 1950, and ending on such date as shall be 67 Stat. 132. determined by Presidential proclamation or concurrent resolution of 67 Stat. 133. Congress and who was discharged or released therefrom on conditions other than dishonorable. 'Deceased servicemen' shall mean persons "Deceased servwho served in the military forces of the United States during any icemen". war between the United States and any other nation or during the period beginning June 27, 1950, and ending on such date as shall be determined by Presidential proclamation or concurrent resolution of Congress and who died in service before the termination of such war or such period." Approved June 30, 1953. Chapter 177 - 1st Session AN ACT To amend the National Housing Act, as amended, and the Servicemen's Readjustment Act of 1944, as amended, with respect to maximum interest rates, the veterans' direct home-loan program, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That title III of the Veterans' home Servicemen's Readjustment Act of 1944, as amended, is hereby loans. amended as follows: (1) By striking out "4 per centum per annum" from clause (C) of section 512(a) and inserting in lieu thereof "the rate authorized for guaranteed home loans,"; (2) By striking out "of 4 per centum per annum" from section 512 (b) and inserting "to be determined by the Administrator of Veterans Affairs, not to exceed the rate authorized for guaranteed home loans, and in no event to exceed 41/2 per centum per annum' (3) By striking out "June 30, 1953" from clause (C) of section 512 (b) and inserting "June 30, 1954" in lieu thereof; (4) By striking out "June 30, 1953" from the first sentence of section 513 (a) and inserting "June 30, 1954" in lieu thereof; (5) By striking out "June 30, 1954" from the third sentence of section 513 (c) and inserting “June 30, 1955" in lieu thereof; and (6) By striking out "June 30, 1953" from the first sentence of section 513 (d) and inserting "June 30, 1954" in lieu thereof. SEC. 2. The last proviso in section 500 (b), title III, of the Servicemen's Readjustment Act, as amended, is hereby amended to read as follows: "And provided further, That the Administrator, with the approval of the Secretary of the Treasury, may prescribe by regulation from time to time such rate of interest, not in excess of 42 per centum per annum, as he may find the loan market demands." Approved July 1, 1953. Interest rates. 64 Stat. 76. 38 USC 6941. 67 Stat. 135. 67 Stat. 136. Time extension. 65 Stat. 317. 65 Stat. 317. 38 USC 694m. 66 Stat. 64. Rate regulation. 62 Stat. 1275. 38 USC 694. Making appropriations for the Executive Office and sundry independent executive bureaus, boards, commissions, corporations, agencies, and offices, for the fiscal year ending June 30, 1954, and for other purposes. All 67 Stat. 305. 60 Stat. 810. 60 Stat. 808. 63 Stat. 439. 12 USC 1701h. 63 Stat. 414. 42 USC 14511460. 64 Stat. 77. 12 USC 174917490. 55 Stat. 361. 42 USC 15311535. 65 Stat. 762; 66 Stat. 108. HOUSING AND HOME FINANCE AGENCY OFFICE OF THE ADMINISTRATOR Salaries and expenses: For necessary expenses of the Office of the Administrator, including rent in the District of Columbia; services as authorized by section 15 of the Act of August 2, 1946 (5 U. S. C. 55a); not to exceed $193,550 for expenses of travel; expenses of attendance at meetings of organizations concerned with the work of the agency; and transportation expenses and not to exceed $25 per diem in lieu of subsistence, as authorized by section 5 of the Act of August 2, 1946 (5 U. S. C. 73b-2), for persons serving without compensation as members of any advisory committee established pursuant to title VI of the Housing Act of 1949; $3,215,550, of which not to exceed $125,000 shall be available for liquidation of the housing research program not later than April 30, 1954: Provided, That necessary expenses of inspections and of providing representatives at the site of projects being undertaken by local public agencies pursuant to title I of the Housing Act of 1949 and of projects financed through loans to educational institutions authorized by title IV of the Housing Act of 1950, shall be compensated by such agencies or institutions by the payment of fixed fees which in the aggregate will cover the costs of rendering such services, and expenses for such purpose shall be considered nonadministrative; and for the purpose of providing such inspections, the Administrator may utilize any agency and such agency may accept reimbursement or payment for such services from such institutions or the Administrator, and shall credit such amounts to the appropriations or funds against which such charges have been made, but such nonadministrative expenses shall not exceed $500,000: Provided further, That the Administrator is authorized without regard to any other provisions of law to transfer without reimbursement any project or facility, or part thereof, constructed or provided under title II of the Act of October 14, 1940, as amended (including any personal property related to such project or facility), to any other department or agency, whenever the head of such department or agency so requests after determining that such project or facility is required for the continued operation of or is an integral part of a project or facility under the jurisdiction of such department or agency. Defense Community Facilities and Services: During the current fiscal year not to exceed $112,500 of the appropriations granted under this head in the Second and Third Supplemental Appropriation Acts, 1952, shall be available for administrative expenses in connection with the construction of facilities under such appropriations. Capital grants for slum clearance and urban redevelopment: For an additional amount for payment of capital grants as authorized by title I of the Housing Act of 1949, as amended (42 U. S. C. 1453, 1456), $20,000,000, to remain available until expended: Provided, 63 Stat. 416, That before approving any local slum clearance program under title Í 417. of the Housing Act of 1949, the Administrator shall give consideration 42 USC 1451to the efforts of the locality to enforce local codes and regulations 1460. relating to adequate standards of health, sanitation, and safety for dwellings and to the feasibility of achieving slum clearance objectives through rehabilitation of existing dwellings and areas: Provided further, That the authority under title I of the National Housing Act shall be used to the utmost in connection with slum rehabilitation needs. All 67 Stat. 306. PUBLIC HOUSING ADMINISTRATION Administrative expenses: For administrative expenses of the Public Housing Administration, $6,950,000, to be merged with and expended under the authorization for such expenses contained in title II of this Act. Annual contributions: For the payment of annual contributions to public housing agencies in accordance with section 10 of the United States Housing Act of 1937, as amended (42 U. S. C. 1410), $32,500,000: 50 Stat. 891. Provided, That except for payments required on contracts entered into prior to April 18, 1940, no part of this appropriation shall be available for payment to any public housing agency for expenditure in connection with any low-rent housing project, unless the public housing agency shall have adopted regulations prohibiting as a tenant of any such project by rental or occupancy any person other than a citizen of the United States, but such prohibition shall not be applicable in the case of a family of any serviceman or the family of any veteran who has been discharged (other than dishonorably) from, or the family of any serviceman who died in, the Armed Forces of the United States within four years prior to the date of application for admission to such housing: Provided further, That all expenditures of this appropriation shall be subject to audit and final settlement by the Comptroller General of the United States under the provisions of the Budget and Accounting Act of 1921, as amended: 42 Stat. 20. Provided further, That unless the governing body of the locality 31 USC 1. agrees to its completion, no housing shall be authorized by the Public Housing Administration, or, if under construction continue to be constructed, in any community where the people of that community, by their duly elected representatives, or by referendum, have indicated they do not want it, and such community shall negotiate with the Federal Government for the completion of such housing, or its abandonment, in whole or in part, and shall agree to repay to the Government the moneys expended prior to the vote or other formal action whereby the community rejected such housing project for any such projects not to be completed plus such amount as may be required to pay all costs and liquidate all obligations lawfully incurred by the local housing authority prior to such rejection in connection with any project not to be completed: Provided further, That, in any case where the Public Housing Administration (after the approvals on the part of the governing body of the locality required by law) has entered into a financial assistance contract with a local housing authority covering any low-rent housing projects to be constructed in such locality and, (a) thereafter but prior to the effective date of this Act, a majority of the members of the governing body of the locality, and the people of the locality have voted against any such low-rent housing projects, |