Pub. L. 91-351, tit. IV, sec. 401

Sec. 401. (a) Section 305(c) of the National Housing Act is amended by striking out “by $500,000,000 on July 1, 1969” and inserting in lieu thereof “by $2,000,000,000 on July 1, 1969”. (b) Section 305(g) of such Act is amended— (1) by striking out “$2,500,000,000” and inserting in lieu thereof “$1,750,000,000”; (2) by striking out “at par”; and (3) by striking out in the first sentence all that follows the word “exceed” and inserting in lieu thereof “the dollar limitation on maximum principal obligation that would be applicable to such mortgage it insured under section 235 (i) of the National Housing Act.”