Pub. L. 82-139, tit. VI, sec. 614

Sec. 614. (a) Section 512 (b) of the Servicemen’s Readjustment Act of 1944 is amended (1) by striking out clause (C); and (2) by striking out “June 30, 1951” and inserting in lieu thereof “June 30, 1953”. (b) Section 512 (d) of the Servicemen’s Readjustment Act of 1944 is amended to read as follows: “(d) The Administrator is authorized to sell, and shall offer for sale, to any private lending institution evidencing ability to service loans, any loan made under this section at a price not less than par; that is, the unpaid balance plus accrued interest, and may guarantee any loan thus sold subject to the same conditions, terms, and limitations which would be applicable were the loan guaranteed under section 501 (b) of this title.” (c) The first, sentence of section 513 (a) of the Servicemen’s Readjustment Act of 1944 is amended to read as follows: “For the purposes of section 512 of this title, the Secretary of the Treasury is hereby authorized and directed to make available to the Administrator such sums not in excess of $150,000,000 (plus the amount of any funds which may have been deposited to the credit of miscellaneous receipts under subsections (a) and (c) hereof), as the Administrator shall request from time to time except that no sums may be made available after June 30, 1953.” (d) Section 513 (c) of the Servicemen’s Readjustment Act of 1944 is amended by striking out “June 30, 1952” and inserting in lieu thereof “June 30, 1954”.