Pub. L. 88-174, tit. V, sec. 507

Sec. 507. For the purpose of providing military family housing in foreign countries, the Secretary of Defense is authorized to enter into agreements guaranteeing the builders of such housing a rental return equivalent to a specified portion of the annual rental income which the builders would receive from the tenants if the housing were fully occupied: Provided, That, the aggregate amount guaranteed under such agreements entered into during the fiscal years 1964 and 1965 shall not exceed such amount as may be applicable to five thousand units: Provided further, That no such agreement, shall guarantee the payment of more than 97 per centum of the anticipated rentals, nor shall any guarantee extend for a period of more than ten years, nor shall the average guaranteed rental on any project exceed $150 per unit per month including the cost of maintenance and operation.