FARM HOUSING

FARM HOUSING Sec. 606. (a) The first sentence of section 511 of the Housing Act of 1949 is amended to read as follows: “The Secretary may issue notes and other obligations for purchase by the Secretary of the Treasury for the purpose of making loans under this title (other than loans under section 504 (b)). The total principal amount of such notes and obligations issued pursuant to this section during the period beginning July 1, 1956, and ending June 30, 1961, shall not exceed $450,000,000.” (b) Section 512 of such Act is amended to read as follows: 70 Stat. 1115 “CONTRIBUTIONS “Sec. 512. In connection with loans made pursuant to section 503, the Secretary is authorized to make commitments for contributions aggregating not to exceed $10,000,000 during the period beginning July 1, 1956, and ending June 30, 1961.” (c) Clause (b) of section 513 of such Act is amended to read as follows: “(b) not to exceed $50,000,000 for grants pursuant to section 504 (a) and loans pursuant to section 504 (b) during the period beginning July 1, 1956, and ending June 30, 1961; and”. (d) This section shall take effect as of July 1, 1956.