disposition of war housing projects

disposition of war housing projects Sec. 402. (a) Notwithstanding the provisions of section 614 of the Act entitled “An Act to expedite the provision of housing in connection with national defense, and for other purposes”, approved October 14, 1940, as amended (42 U. S. C. 1521, and the following), the Housing and Home Finance Administrator is authorized to sell and convey war housing project CONN–6029 to the housing authority of the town of Wethersfield, Connecticut, pursuant to the provisions of section 810 of the Housing Act of 1954, as amended, until midnight of December 1, 1957. (b) Notwithstanding any other provision of law, the Housing and Home Finance Administrator is authorized and directed to sell and convey to the Housing Authority of the city of Las Vegas, Nevada, for a total price of $452,200, all of the right, title, and interest of the United States in and to the housing project known as Kelso-Turner (NEV–26021) located in the city of Las Vegas, Nevada. Five per centum of the purchase price shall be paid at the time of closing and I he balance of the purchase price shall be secured by a mortgage and shall be paid in equal annual installments within twenty years from the date of sale with the right of prepayment of all or any part thereof. The unpaid balances shall bear interest at the rate of 4% per centum per annum. The Administrator may impose such other terms and conditions as he may deem necessary or desirable. The Administrator shall make no payments in lieu of taxes with respect to the project authorized to be conveyed hereunder for any tax year or portion thereof subsequent to the date of sale. Any sale pursuant to this authorization shall be made within three months after the date of enactment of this Act. (c) (2) Notwithstanding the provisions of sections 607 and 614 of the Act entitled “An Act to expedite the provision of housing in connection with national defense, and for other purposes”, approved October 14, 1940, as amended (42 U. S. C. 1521, and the following), or any other law, the Housing and Home Finance Administrator shall convey to the Stat. of Louisiana all right, title, and interest of the United States in and to the projects identified as LA–16011 and LA–16012, constructed under the provisions of said Act on real property constituting a part of the grounds of the Central Louisiana Hospital for the Insane leased from the Stat. of Louisiana. Such conveyance shall be made in consideration of the payment of $300,000 by the Stat. of Louisiana in three equal annual installments. (2) Payments in lieu of taxes, pursuant to section 306 of such Act of October 14, 1940, shall be made only for the pro rata period of the tax year preceding the date of delivery of possession of such projects to the Stat. of Louisiana. 71 Stat. 303 (3) The provisions of this subsection shall be effective only if the first installment is paid within sixty days after the date of enactment of this Act. (d) Notwithstanding any other provision of law, the Housing and Home Finance Administrator is authorized and directed to sell and convey to the city of Layton, Utah, for a total purchase price of $580,000, all of the right, title, and interest of the United States in and to the housing project known as Verdeland Park (UTAH–42015) located in the city of Layton, Utah. The purchase price shall be secured by a mortgage which need not be a general obligation of the city, and shall be paid in equal annual installments within ten years from the date of sale with the right of prepayment of all or any Dart thereof. No down-payment shall be required, and the unpaid balances shall bear interest at the rate of 4% per centum per annum. The Administrator may impose such other terms and conditions as he may deem necessary or desirable. The Administrator shall make no payments in lieu of taxes with respect to the project authorized to be conveyed hereunder for any tax year or portion thereof subsequent to the date of sale. The provisions of this subsection shall be effective only if the conveyance is made within ninety days after the date of the approval of this Act.