Pub. L. 86-149, tit. IV, sec. 414

Pub. L. 86-149, tit. IV, sec. 414

EnactedYear: 1959Length: 205 wordsOfficial source
Sec. 414. (a) Section 803(a) of the National Housing Act is amended by striking out the last proviso and inserting in lieu thereof the following: “And provided further, That no more mortgages shall be insured under this title after September 30, 1960, except pursuant to a commitment to insure before such date, and not more than twenty thousand family housing units shall be contracted for after June 30, 1959, pursuant to any mortgage insured under section 803 of this title after such date.” (b) Notwithstanding the authorizations for the construction of family housing contained in subsections 104(b), 204(b), and 304(b) of this Act, the total number of units of family housing contracted for after June 30, 1959, and before October 1, 1960, pursuant to the authority contained in such subsections shall not exceed a total of twenty thousand units. The Secretary of Defense shall determine the total number of units to be constructed by each of the military services in conformity with the provisions of this section. The Secretaries of the three military departments, or the designee of each, shall promptly notify the Committees on Armed Services of the Senate and House of Representatives of any determination made hereunder as it affects each such department.
Pub. L. 86-149, tit. IV, sec. 414 | Justis AI