Pub. L. 84-1020, tit. V, sec. 507

Sec. 507. Section 403 (a) of the Housing Amendments of 1955 is further amended by inserting immediately before the last sentence the following: “Any such contract shall provide for the furnishing by the contractor of a performance bond and a payment bond with a surety or sureties satisfactory to the Secretary of Defense, or his designee, and the furnishing of such bonds shall be deemed a sufficient compliance with the provisions of section 1 of the Act of August 24, 1935 (49 Stat. 793), and no additional bonds shall be required under such section.”