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Volume 74

Public Law 86–578

To amend section 809 of the National Housing Act.

Approved July 5, 1960

Statutory text

AN ACT

To amend section 809 of the National Housing Act.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

That section 809 of the National Housing Act is amended by adding at the end thereof the following new subsection:

“(g)

A mortgage secured by property which is intended to provide housing for a person employed or assigned to duty at a research or development installation of the National Aeronautics and Space Administration and which is located at or near such installation, where such installation was a research or development installation or one of the military departments of the United States (on or after June 13, 1956) before its transfer to the jurisdiction of such Administration, may (if the mortgage otherwise meets the requirements of this section) be insured by the Commissioner under the provisions of this section. The Administrator of the National Aeronautics and Space Administration, or his designee, is authorized to guarantee and indemnify the Armed Services Housing Mortgage Insurance Fund against loss to the extent required by the Commissioner, in accordance with the provisions of subsection (b) of this section, in the case

Definitions.

of mortgages referred to in this subsection. For purposes of this subsection, (1) the terms ‘Armed Forces’, ‘one of the military departments of the United States’, ‘military department’, ‘Secretary or his designee’, and ‘Secretary’ when used in subsections (a) and (b) of this section and the term ‘Secretary of the Army, Navy, or Air Force’

12 USC 1748d.

when used in section 805, shall be deemed to refer to the National Aeronautics and Space Administration or the Administrator thereof, as may be appropriate, (2) the terms ‘civilian employee’, ‘civilians’, and ‘civilian personnel’ as used in this section shall be deemed to refer to employees of such Administration or a contractor thereof or to military personnel assigned to duty at an installation of such Administration, and (3) the term ‘military installation’ when used in section 805 shall be deemed to refer to an installation of such Administration.”

Approved July 5, 1960.

Parsed from the official Statutes at Large USLM XML in 74.xml