Pub. L. 86-500, tit. V, sec. 507

Pub. L. 86-500, tit. V, sec. 507

EnactedYear: 1960Length: 156 wordsOfficial source
Sec. 507. (a) Section 803(a) of the National Housing Act, as amended, is amended by striking out in the last proviso the word “twenty” and inserting in place thereof the word “twenty-five”. (b) Section 406(a) of Public Law 85–241, as amended, is amended by inserting a comma after the word “activities” and adding the fol-74 Stat. 186lowing “and no certificates with respect to any family housing units shall be issued by the Secretary of Defense or his designee under section 810 of the National Housing Act, as amended,”. (c) Paragraph (B) of section 803(b)(3) of such Act is amended by inserting before the semicolon at the end thereof a colon and the following: “And provided further, That subject to the limitations of this paragraph no family unit included in any mortgaged property shall be contracted for after the date of enactment of the Military Construction Act of 1960 if the cost of such unit exceeds $19,800.”
Pub. L. 86-500, tit. V, sec. 507 | Justis AI