emergency relief from interest rate conflict between federal law and state law

emergency relief from interest rate conflict between federal law and state law Sec. 702. Notwithstanding any other law, from the date of enactment of this title until July 1, 1972, loanss to local public agencies under title I of the Housing Act of 1949 and to local public housing agencies under the United States Housing Act of 1937 may, when determined by the Secretary of Housing and Urban Development to be necessary because of interest rate limitations of State laws, bear interest at a rate less than the applicable going Federal rate but not less than 6 per centum per annum.