Pub. L. 84-345, tit. IV, sec. 402

Sec. 402. Section 305 of the National Housing Act, as amended, is amended by adding the following at the end thereof: “(f) Notwithstanding any other provision of this Act, the Association is authorized to make commitments to purchase and to purchase, service, or sell, any mortgage (or participation therein) which is insured under title VIII of this Act, as amended by the Housing Amendments of 1955: Provided, That the total amount of purchases and commitments authorized by this subsection shall not exceed $200,000,000 outstanding at any one time.”