Open main menu

Page:United States Statutes at Large Volume 61 Part 1.djvu/979

This page needs to be proofread.


956 REORGANIZATION PLANS [61 STAT. of the Government, and for avoiding duplication or overlapping of such housing functions and activities. Section 7. Interim appointments.-Pendingthe initial appointment hereunder of any officer provided for by this Plan, the functions of such officer shall be performed temporarily by such officer of the existing National Housing Agency as the President shall designate. Section 8. Transfers of property, personnel, and funds.-The assets, contracts, property, records, personnel, and unexpended balances of appropriations, authorizations, allocations, or other funds, held, employed, or available or to be made available in connection with functions transferred by this Plan are hereby transferred with such transferred functions, respectively. Section 9. Abolitions. -The Federal Home Loan Bank Board, the Board of Directors of the Home Owners' Loan Corporation, and the Board of Trustees of the Federal Savings and Loan Insurance Corpora- tion, together with the offices of the members of said boards, the office of Federal Housing Administrator, and the office of Administrator of the United States Housing Authority, are abolished.