Secretary concerned may prescribe, to purchasers within, or in the immediate vicinity of, naval or military activities, such utilities and related services as are not otherwise available from local private or public sources." (b) Section 2 of said Act is hereby amended to read as follows: "SEC. 2. The utilities and related services authorized to be sold under this Act are: (1) Electric power, (2) steam, (3) compressed air, (4) water, (5) sewage and garbage disposal services, (6) gas (natural, manufactured, or mixed), (7) ice, (8) mechanical refrigeration, and (9) telephone service; and the proceeds received for any such utilities and related services sold pursuant to the authority of this Act shall be credited to the appropriation or appropriations currently available for the supply of such services: Provided, That any utility or related service provided and sold under the authority of this Act shall not be so provided unless it is determined that the utility or related service is not at the time of such sale or contract to sell available from a private or other public source, and that the furnishing thereof is in the interest of national defense or in the public interest. (c) Section 3 of said Act is hereby amended by deleting the words "The Secretary of the Navy and Secretary of War" and substituting therefor the words "The Secretary of the Army, the Secretary of the Navy, and the Secretary of the Air Force". (d) Section 5 of said Act is hereby repealed. Approved August 8, 1949. [PUBLIC LAW 278-818T CONGRESS] [S. J. Res. 109] JOINT RESOLUTION To amend the National Housing Act, as amended. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the National Housing Act, as amended, is hereby amended (1) by striking out of the first sentence of section 2 (a) "September 1, 1949" and inserting in lieu thereof "November 1, 1949. (2) by striking out of the proviso in section 203 (a) "$5,300,000,000" and inserting in lieu thereof "$5,500,000,000" and by striking out of such proviso "$5,500,000,000" and inserting in lieu thereof "$6,000,000,000". (3) by striking out of the second proviso in section 603 (a) "August 31, 1949" in each place where it appears therein and inserting in lieu thereof "October 31, 1949". Approved August 30, 1949. (327) [PUBLIC LAW 286-81ST CONGRESS] [CHAPTER 536-1ST SESSION] [S. 2146] AN ACT To provide certain additional rehabilitation assistance for certain seriously disabled veterans in order to remove an existing inequality. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That subsection (g) of section 1, title I, Public Numbered 2, Seventy-third Congress, as added by Public Law 702, Eightieth Congress, approved June 19, 1948, is hereby amended to read as follows: "(g) Any person who served in the active military or naval service of the United States who is entitled to compensation under the provisions of Veterans Regulation Numbered 1 (a), as amended, for permanent and total service-connected disability due to the loss, or loss of use, by reason of amputation, ankylosis, progressive muscular dystrophies, or paralysis, of both lower extremities, such as to preclude locomotion without the aid of braces, crutches, canes, or a wheel chair, shall be entitled to assistance in acquiring a suitable housing unit with special fixtures or movable facilities made necessary by the nature of the person's disability, and necessary land therefor, subject to the provisions and limitations of Veterans Regulation Numbered 1 (a), as amended, part IX." SEC. 2. Paragraph 1, part IX, of Veterans Regulation Numbered 1 (a), as added by Public Law 702, Eightieth Congress, approved June 19, 1948, is hereby amended to read as follows: "1. The Administrator of Veterans' Affairs is authorized, under such regulations as he may prescribe, to assist any person (hereinafter referred to as 'veteran') who served in the active military or naval service of the United States, who is entitled to compensation under the provisions of this regulation for permanent and total serviceconnected disability due to the loss, or loss of use, by reason of amputation, ankylosis, progressive muscular dystrophies, or paralysis, of both lower extremities, such as to preclude locomotion without the aid of braces, crutches, canes, or a wheel chair, in acquiring a suitable housing unit with special fixtures or movable facilities made necessary by the nature of the veteran's disability, and necessary land therefor: Provided, That the regulations of the Administrator shall include, but not be limited to, provisions requiring findings that (a) it is medically feasible for such veteran to reside in the proposed housing unit and in the proposed locality; (b) the proposed housing unit bears a proper relation to the veteran's present and anticipated income and expenses; and (c) that the nature and condition of the proposed housing unit are such as to be suitable to the veteran's needs for dwelling purposes." Approved September 7, 1949. [PUBLIC LAW 387-81ST CONGRESS] [S. J. Res. 134] JOINT RESOLUTION To amend the National Housing Act, as amended, and for other purposes. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the National Housing Act, as amended, is hereby amended— (1) by striking out of the first sentence of section 2 (a) "November 1, 1949" and inserting in lieu thereof "March 1, 1950", and by striking out of the last sentence of section 2 (a) "$200,000,000" and inserting in lieu thereof "$225,000,000"; (2) by striking out of the proviso in section 203 (a) "$5,500,000,000" and inserting in lieu thereof "$6,000,000,000", and by striking out "$6,000,000,000" and inserting in lieu thereof "$6,750,000,000"; (3) by striking out of the first sentence of section 302 "$1,500,000,000" and inserting in lieu thereof "$2,500,000,000"; (4) by striking out of the first proviso in section 603 (a) "$5,750,000,000" and inserting in lieu thereof "$6,150,000,000", by striking out of said proviso "$6,150,000,000" and inserting in lieu thereof "$6,650,000,000", and by striking out of the second proviso in section 603 (a) "October 31, 1949" in each place where it appears therein and inserting in lieu thereof "March 1, 1950". SEC. 2. Said Act, as amended, is hereby further amended by striking out the period at the end of the fourth sentence of section 1 thereof and inserting a colon and the following: "Provided, That, notwithstanding any other provisions of law except provisions of law hereafter enacted expressly in limitation hereof, all expenses of the Federal Housing Administration in connection with the examination and insurance of loans or investments under any title of this Act, all properly capitalized expenditures, and other necessary expenses not attributable to general overhead in accordance with generally accepted accounting principles shall be considered nonadministrative and payable from funds made available by this Act, except that, unless made pursuant to specific authorization by the Congress therefor, expenditures made in any fiscal year pursuant to this proviso, other than the payment of insurance claims and other than expenditures (including services on a contract or fee basis, but not including other personal services) in connection with the acquisition, protection, completion, operation, maintenance, improvement, or disposition of real or personal property of the Administration acquired under authority of this Act, shall not exceed 35 per centum of the income received by the Federal Housing Administration from premiums and fees during the preceding fiscal year." SEC. 3. Said Act, as amended, is hereby further amended by adding the following new section after section 514: "SEC. 515. At any time prior to final endorsement for insurance, the Commissioner, in his discretion, may amend, extend, or increase the amount of any commitment, provided the mortgage, as finally endorsed for insurance is eligible for insurance under the provisions of this Act, and the rules and regulations thereunder, in effect at the time the original commitment to insure was issued." SEC. 4. Section 4 (c) of the Reconstruction Finance Corporation Act, as amended, is hereby amended by striking out "$2,500,000,000" and inserting in lieu thereof "$3,500,000,000". SEC. 5. Section 313 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, is hereby amended by striking out "January 1, 1950" and inserting in lieu thereof "January 1, 1951". SEC. 6. Section 24 of the Federal Reserve Act, as amended, is hereby amended (1) by striking out the second sentence thereof and inserting in lieu thereof the following: "A loan secured by real estate within the meaning of this section shall be in the form of an obligation or obligations secured by a mortgage, trust deed, or other instrument upon real estate, which shall constitute a first lien on real estate in fee simple or, under such rules and regulations as may be prescribed by the Comptroller of the Currency, on a leasehold (1) under a lease for not less than ninety-nine years which is renewable or (2) under a lease having a period of not less than fifty years to run from the date the loan is made or acquired by the national banking association, and any national banking association may purchase any obligation so secured when the entire amount of such obligation is sold to the association."; and (2) by striking out of the third sentence "titles II and VI" and inserting in lieu thereof the words "title II, title VI, or title VIII”. SEC. 7. Section 301 (a) of the National Housing Act, as amended, is hereby amended by striking out the proviso at the end of paragraph (1) (E) and inserting in lieu thereof the following: ": Provided, That this clause (2) shall not apply to (nor shall any terms therein include) any mortgage which is (1) guaranteed under section 501 of the Servicemen's Readjustment Act of 1944, as amended, and made for the construction or purchase of a family dwelling or dwellings in an original principal amount or amounts which does not exceed $10,000 per dwelling unit, or (ii) insured under section 803 of this Act": Provided, That the amendment made by this section 7 with respect to mortgages guaranteed under section 501 of the Servicemen's Readjustment Act of 1944, as amended, shall apply only to such mortgages guaranteed after the date of enactment of this Act. Approved October 25, 1949. |