81ST CONG., 1ST SESS.-CH. 127-MAY 19, 1949
of the United States, or any other provision of law, the Public Housing
Commissioner is hereby authorized, by means of negotiated sale or
sales and without competitive bidding or public advertising, to sell
and convey, at fair market value as determined by him on the basis
of an appraisal made by an independent real-estate expert selected by
the Commissioner and subject to such terms and conditions as he may
determine to be in the best public interest, to such purchaser or pur-
chasers as he deems to be responsible, all right, title, and interest of
the United States in or to all or any part of the suburban resettlement
projects known as Greenbelt, Maryland; Greendale, Wisconsin; and
Greenhills, Ohio (including improved and unimproved lands, war
housing constructed on lands of or adjacent to said suburban resettle-
ment projects, and personal property used in connection with said
projects or housing): Provided, however, That the Public Housing
Commissioner shall, during such period as he deems to be reasonable,
give a first preference in such negotiated sale or sales to veteran
groups organized on a nonprofit basis (provided that any such group
shall accept as a member of its organization, on the same terms, subject
to the same conditions, and with the same privileges and responsi-
bilities, required of, and extended to other members of the group, any
tenant occupying a dwelling unit in such project at any time during
such period as the Commissioner shall deem appropriate, starting
on the effective date of this Act, and who shall be a tenant therein
at the time of making application for such membership), and may
sell to such groups at fair market value (as determined by him on
the basis stated above) or at cost (as determined by him, including
the apportioned cost of structures, lands, appurtenances, and personal
property transferred, together with the apportioned share of the
cost of all utilities and other facilities provided for and common
to the project of which any property being sold is a part), whichever
is lower, except, however, that in the event two or more such groups
desire to purchase any such project they shall be required to submit
sealed bids therefor and the award shall be made on the basis of the
highest acceptable monetary return to the Government: And provided
further, That evidence is furnished to the Commissioner, satisfactory
to him, that the compensation paid or to be paid for organizing such
groups, for negotiating the purchase of such property, and for financ-
ing such purchase is fair in relation to the purchase price and reason-
able on the basis of time effectively devoted to such services on a
professional or similar basis: And provided further, That in the event
of a sale other than for cash, the Commissioner shall require a down
payment of at least 10 per centum of the total purchase price, the
balance to be amortized over a period of not more than twenty-five
years, the unpaid balance to bear interest at the rate of 4 per centum
per annum and the payment of any unpaid balance to be secured
by a first mortgage or deed of trust against the properties sold. The
Commissioner is authorized, as a condition of any sale hereunder,
to transfer, or to require the transfer or an agreement for the transfer
of, streets, roads, public buildings, federally owned utilities, play-
grounds, swimming pools, and parks, including adequate open land
surrounding or adjacent to each project, to the appropriate non-
Federal governmental agency, at such times, to such an extent, and
upon such terms and conditions as he shall determine to be in the
public interest.
SEC. 2. As used in this Act, (1) the term "veteran" means any
person who shall have served in the active military or naval service
of the United States at any time on or after September 16, 1940, and
prior to July 26, 1947, and who shall have been discharged or released
from active service under conditions other than dishonorable, and
Veteran preference.
Down payment.
Transfer of build-
ings, etc.
"Vetera'."
69
63 STAT.]
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