Pub. L. 84-161, tit. V, sec. 507

Sec. 507. Section 407 of Public Law 765, Eighty-third Congress, is amended to read as follows: “Sec. 407. In addition to family housing otherwise authorized to be constructed or acquired by the Department of Defense, the Secretary of Defense is authorized, subject to the approval of the Director of the Bureau of the Budget, to construct, or acquire by lease or otherwise, family housing for occupancy as public quarters in foreign countries 69 Stat. 351 through housing projects which utilize foreign currencies to a value not in excess of $100,000,000 acquired, pursuant to the provisions of the Agricultural Trade Development and Assistance Act of 1954 (Public Law 480, Eighty-third Congress) or through other commodity transactions of the Commodity Credit Corporation. “The Department of Defense shall pay the Commodity Credit Corporation, from appropriations otherwise available for the payment of quarters allowances for military personnel for the fiscal year 1956 and each succeeding fiscal year, amounts equal to the quarters allowances otherwise payable to personnel occupying any housing constructed or acquired under authority of this section after deducting amounts chargeable for the maintenance and operation of such housing: Provided, That such payments shall not exceed the dollar equivalent of the value of the foreign currencies used for all such construction or acquisition. “The Secretary of Defense shall furnish to the Committees on Armed Services of the Senate and the House of Representatives quarterly reports, the first of which shall be submitted three months subsequent to the date of enactment of this Act, setting forth the cost, number, and location of housing units constructed or acquired pursuant to the authority contained in this section during the three-month period preceding the date of such report, and setting forth the cost, number, and location of the housing units intended to be constructed or acquired pursuant to such authority during the next, succeeding quarter.”