reallocation of units

reallocation of units Sec. 504. Section 10(e) of the United States Housing Act of 1937 is amended by striking out “Provided” and inserting in lieu thereof the following: “Provided, That subject to any contractual obligation outstanding on the date of the enactment of the Housing and Urban Development Act of 1965, any units not under construction within five years from the date they were reserved to a public housing agency may be reserved, allocated, or placed under contract for annual contributions in any State without limitation as to the aggregate amount of units which may be placed under contract for annual contributions in any one State: Provided further”