Volume 67 · 5
Public Law 83–5
To amend section 2 (a) of the National Housing Act, as amended.
Approved March 10, 1953
Statutory text
JOINT RESOLUTION
To amend section 2 (a) of 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 last sentence of sec-tion 2 (a) of the National Housing Act, as amended, is hereby amended
FHA home repair loans.
to read as follows: “The aggregate amount of all loans, advances of credit, and obligations purchased, exclusive of financing charges, with respect to which insurance may be heretofore or hereafter granted under this section and outstanding at any one time shall not exceed $1,750,000,000.”
Sec. 2.
Prior to June 30, 1954, the Federal Housing Commissioner
Repayment to Treasury.
shall pay out of the capital account of the Title I Insurance Fund to the Secretary of the Treasury the amount of $8,333,313.65 which constitutes the Government investment in the capital account of the Title I Insurance Fund. The amount payable hereunder shall be paid in the discretion of the Commissioner either in one lump sum or in installments except that the first payment shall be made on July 1, 1953.
Approved March 10, 1953.