Volume 68 · 320
Public Law 83–438
To amend the National Housing Act, as amended, and for other purposes.
Approved June 29, 1954
Statutory text
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—
by striking “July 1” in paragraph (1) (G) of section 301 (a) and inserting “August 1”; and
by striking “July 1” in section 803 (a) and inserting “July 31”.
Sec. 2.
Section 10 of the Reconstruction Finance Corporation
15 USC 609.
Act, as amended, is hereby amended by striking therefrom the words “at the expiration of the succession of the Corporation” and inserting in lieu thereof the words “by the close of business on June 30, 1954”.
Subsection (a) of section 102 of the Reconstruction Finance
Corporation Liquidation Act is amended to read as follows:
“(a) The first sentence of section 3 (a) of the Reconstruction
Finance Corporation Act, as amended (15 U. S. C. 603 (a)), is amended to read: ‘The Corporation shall have succession until it is
dissolved pursuant to the provisions of section 10 of this Act’.”
Section 105 of the Reconstruction Finance Corporation Liquidation
Act is amended by striking the words “termination of succession” wherever they appear therein and inserting in lieu thereof the word “dissolution”.
Subsection (a) of section 106 of the Reconstruction Finance
Corporation Liquidation Act is amended to read as follows:
“(a) Promptly after June 30, 1954, the Administrator of the Reconstruction
Report.
Finance Corporation shall make a full report to the Congress.”
Sec. 3.
Section 104 of the Defense Housing and Community Facilities
and Services Act of 1951, as amended, is hereby amended by striking out “June 30, 1954” and inserting “July 31, 1954”.
Sec. 4.
The Servicemen’s Readjustment Act of 1944, as amended, is hereby amended—
by striking “June 30” in clause (C) of section 512 (b) and inserting “July 31”:
by striking “June 30” in the first sentence of section 513 (a) and inserting “July 31”; and
by striking “June 30” in the first sentence of section 513 (d) and inserting “July 31”.
Sec. 5.
Title V of the Housing Act of 1949, as amended, is hereby amended as follows:
In the first sentence of section 511 immediately following the phrase “July 1, 1952,” strike the word “and”, and insert at the end of the sentence just before the period a comma and the language “and an additional $8,500,000 on and after July 1, 1954”.
In section 512, (i) strike “and 1953” and insert “1953, and 1954”, and (ii) strike “and $2,000,000” and insert “$2,000,000, and $170,000”.
In section 513, strike “and $10,000,000 on July 1 of each of the years 1950, 1951, 1952, and 1953” and insert “$10,000,000, and $850,000 on July 1 of each of the years 1950, 1951, 1952, 1953, and 1954”.
Approved June 29, 1954.