67 S T A T. ]
contains such supporting information, documents, and data as the Commissioner may require". SEC. 12. Subparagraph (E) of section 301(a)(1) of the National Housing Act, as amended, is hereby amended— (1) by striking "unpaid principal balance thereof" and inserting "principal amount to be paid therefor"; (2) by striking "aggregate amount" and inserting "aggregate principal amount"; and (3) by striking everything after the colon and inserting: "Provided, That the foregoing clause (2) shall not apply to (nor shall any terms therein include) any defense or disaster mortgages as defined in subparagraph (G): Provided further, That, in lieu of or in conjunction with the other requirements with respect to mortgages covered by the aforesaid clause (2), and also with respect to any defense or disaster mortgages as defined in subparagraph (G), the Association may (in the discretion of its Board of Directors, and notwithstanding the provisions of subparagraph (G)) issue a purchase contract (which shall not be assignable or transferable except with the consent of the Association) in an amount not exceeding the amount of the sale of mortgages purchased from the Association, entitling the holder thereof to sell to the Association mortgages in the amount of the contract, upon such terms and conditions as the Association may prescribe: And provided further, That the authority of the xlssociation to issue purchase contracts hereunder shall expire July 1, 1954, and the aggregate amount of such purchase contracts issued shall not exceed $500,000,000; and". SEC. 13. (a) The first sentence of subparagraph (G) of section 301 (a)(1) of the National Housing Act, as amended, is hereby amended by striking "1953" and inserting "1954". (b) The first sentence of section 302 of the National Housing Act, as amended, is hereby amended by changing the colon to a period, and by deleting the proviso. SEC. 14. Public Law 243, Eighty-second Congress, is hereby amended by striking "June 29, 1951" and inserting "September 1, 1953", and by changing the period at the end thereof to a colon and adding the following: '"And provided further, That subparagraph (C) of section 301 (a)(1) of the National Housing Act, as amended, shall have no application with respect to any mortgage which otherwise qualifies hereunder if such mortgage is the subject of a commitment to be made by the Association and covers housing in which the number of rooms equals or exceeds six for each family unit and in which the number of bedrooms equals or exceeds three for each family unit." SEC. 15. Section 101(a) of the Defense Housing and Community Facilities and Services Act of 1951, as amended, is hereby amended by striking ", III, or IV " and inserting "or III". SEC. 16, Section 104 of the Defense Housing and Community Facilities and Services Act of 1951, as amended, is hereby amended— (1) by inserting before the first sentence of said section "After June 30, 1953, no construction of permanent housing may be begun under title III of this Act."; (2) by striking out "1953" in the first place where it appears in said section and inserting "1954"; (3) by striking out "housing" in clause (b) and inserting "temporary housing"; (4) by striking out clause (c); and (5) by relettering clause (d) as clause (c). SEC. 17. Section 305(c) of the Defense Housing and Community P'acilities and Services Act of 1951, as amended, is hereby amended by striking "June 30, 1953" and inserting "June 30, 1954". 27000 O - ^3 - 11
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PUBLIC LAW 94-JUNE 30, 1953
Federal National Mortgage Association. 66 Stat. 602. 12 USC 1716.
64 Stat. 57. 66 Stat. 602. 12 USC 1717. eooperative housing. 65 Stat. 699. 12 USC 1716-1.
65 Stat. 293. 42 USC 1591. 42 USC 1591c.
42 USC 1592d.
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