63 STAT.]
81ST CONG., 1ST SESS.-CH. 338 -JULY 15, 1949
body that (i) the financial aid to be provided in the contract is
necessary to enable the land in the project area to be redeveloped
in accordance with the redevelopment plan; (ii) the redevelop-
ment plans for the redevelopment areas in the locality will afford
maximum opportunity, consistent with the sound needs of the
locality as a whole, for the redevelopment of such areas by private
enterprise; and (iii) the redevelopment plan conforms to a general
plan for the development of the locality as a whole;
(b) When land acquired or held by the local public agency in
connection with the project is sold or leased, the purchasers or
lessees shall be obligated (i) to devote such land to the uses speci-
fied in the redevelopment plan for the project area; (ii) to begin
the building of their improvements on such land within a reason-
able time; and (iii) to comply with such other conditions as the
Administrator finds, prior to the execution of the contract for
loan or capital grant pursuant to this title, are necessary to carry
out the purposes of this title;
(c) There be a feasible method for the temporary relocation of
families displaced from the project area, and that there are or are
being provided, in the project area or in other areas not generally
less desirable in regard to public utilities and public and commer-
cial facilities and at rents or prices within the financial means
of the families displaced from the project area, decent, safe, and
sanitary dwellings equal in number to the number of and available
to such displaced families and reasonably accessible to their
places of employment: Provided, That in view of the existing
acute housing shortage, each such contract entered into prior to
July 1, 1951, shall further provide that there shall be no demoli-
tion of residential structures in connection with the project
assisted under the contract prior to July 1, 1951, if the local gov-
erning body determines that the demolition thereof would reason-
ably be expected to create undue housing hardship in the locality.
(d) No land for any project to be assisted under this title shall
be acquired by the local public agency except after public hear-
ing following notice of the date, time, place, and purpose of such
hearing.
GENERAL PROVISIONS
SEC. 106. (a) In the performance of, and with respect to, the func-
tions, powers, and duties vested in him by this title the Administrator,
notwithstanding the provisions of any other law, shall-
(1) appoint a Director to administer the provisions of this title
under the direction and supervision of the Administrator and the
basic rate of compensation of such position shall be the same as
the basic rate of compensation established for the heads of the
constituent agencies of the Housing and Home Finance Agency;
(2) prepare annually and submit a budget program as pro-
vided for wholly owned Government corporations by the Gov-
ernment Corporation Control Act, as amended;
(3) maintain an integral set of accounts which shall be audited
annually by the General Accounting Office in accordance with the
principles and procedures applicable to commercial transactions
as provided by the Government Corporation Control Act, as
amended, and no other audit shall be required: Provided, That
such financial transactions of the Administrator as the making
of advances of funds, loans, or capital grants and vouchers
approved by the Administrator in connection with such finan-
cial transactions shall be final and conclusive upon all officers
of the Government; and
81939°-50 -PT . I - - -27
417
Temporary reloca-
tion of displaced fam-
ilies.
Restriction ondem-
olition of residential
structures.
Public hearing on
land acquisition.
Appointment of Di-
rector.
Budget program.
59 Stat. 597 .
31U.S.C.§841et
seq.; Supp. II, §846 et
seq.
Ante, p. 356 .
Accounts.
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