acquisition of certain properties situated at or near military bases which have been ordered to be closed

acquisition of certain properties situated at or near military bases which have been ordered to be closed Sec. 108. (a) The Secretary of Defense is authorized to acquire title to any property, improved with a one-or two-family dwelling, which is situated at or near a military base or installation which the Department of Defense has, subsequent to November 1, 1964, ordered to be closed in whole or in part, if he determines— (1) that the owner of such property is, or has been, employed or performing military service, at such base or installation; (2) that the closing of such base or installation, in whole or in part? has required or will require the termination of such owner’s employment or service at such base or installation; and (3) that as the result of the actual or pending closing of such base or installation there is no present market for the sale of such property upon reasonable terms and conditions. 79 Stat. 461 (b) The purchase price of any property which is situated at or near a military base or installation and is acquired under this section shall be equal to an amount determined by the Secretary of Defense to be the average price at which properties, similar in size construction, condition, and location to that of the property to be acquired, were sold during a representative period, as determined by the Secretary, prior to the announcement of the intention of the Department of Defense to close all or part of such base or installation. (c) The title to any property acquired under this section shall be free and clear of any outstanding liens or encumbrances and shall conform to such requirements as the Secretary of Defense shall by regulation require. Such regulations shall also prescribe the terms and conditions under which payments may be made under this section, and decisions by the Secretary regarding such payments and the terms and conditions under which the same are approved or disapproved, shall be final and conclusive and shall not be subject to judicial review. (d) Properties acquired under this section shall be transferred to the Federal Housing Commissioner, and the Federal Housing Commissioner shall have power to deal with, rent, renovate, or sell for cash or credit any properties so transferred. Receipts from the management or sale or any such properties may be utilized by the Commissioner to defray expenses arising in connection with the management of such properties, and any part of such receipts not required for such expenses shall be covered into the Treasury as miscellaneous receipts. (e) Section 223(a) of the National Housing Act is amended— (1) by striking out the period at the end of paragraph (7) and inserting in lieu thereof “; or”; and (2) by inserting after paragraph (7) a new paragraph as fol-follows: “(8) executed in connection with the sale by the Commissioner of any housing acquired pursuant to section 108 of the Housing and Urban Development Act of 1965.” (f) Such sums as may be necessary to carry out the provisions of this section are hereby authorized to be appropriated, and any sums so appropriated shall remain available until expended.