PUBLIC LAW 1019-AUQ. 7, 1956
1090
Rules and regulations.
L o a n s to local organizations.
^ p l i c a b i l i t y of Act.
Agriculture prior to the expiration of the above thirty-day period, shall accompany the plan transmitted by the Secretary of Agriculture to the Congress through the President: Provided further, That, prior to any Federal participation in the works improvement under this Act, the President shall issue such rules and regulations as he deems necessary or desirable to carry out the purposes of this Act, and to assure the coordination of the work authorized under this Act and related work of other agencies including the Department of the Interior and the Department of the Army." (g) After section 7 insert the following two new sections and renumber subsequent sections of the Act to conform: "SEC. 8. The Secretary is authorized to make loans or advancements to local organizations to finance the local share of costs of carrying out works of improvement provided for in this Act. Such loans or advancements shall be made under contracts or agreements which will provide, under such terms and conditions as the Secretary deems appropriate, for the repayment thereof in not more than fifty years from the date when the principal benefits of the works of improvement first become available, with interest at the average rate, as determined by the Secretary of the Treasury, payable by the Treasury upon its marketable public obligations outstanding at the beginning of the fiscal year in which the loan or advancement is made, which are neither due nor callable for redemption for fifteen years from date of issue. With respect to any single plan for works of improvement, the amount of any such loan or advancement shall not exceed five million dollars. "SEC. 9. The provisions of this Act shall be applicable to Hawaii, Alaska, Puerto Kico, and the Virgin Islands." SEC. 2. The amendments made by this Act shall be applicable to all works of improvement and plans for such works under the provisions of the Watershed Protection and Flood Prevention Act. Any plans for works of improvement with respect to which the Secretary of Agriculture was authorized prior to the date of this Act to participate in the installation of works of improvement in accordance with such plan, or any plan for works of improvement which has received prior to the date of this Act the approval of congressional committees, as required by such Act, need not be submitted to the congressional committees as required by the Watershed Protection and Flood Prevention Act as amended by this Act. Approved August 7, 1956. Public Law 1019
August 7, 1956 [H. R. 9874]
C a n a d i a n vessels.
[70 S T A T.
CHAPTER 1028
AN ACT To authorize Canadian vessels to be employed in the coastwise transportation of coal to Ogdensburg, New York.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That until June 30, 1957, notwithstanding the provisions of law of the United States restricting to vessels of the United States the transportation of merchandise, directly or indirectly, from any port in the United States to another port of the United States, Canadian vessels may transport coal to Ogdensburg, New York, from other points in the United States, on the Great Lakes, or their connecting or tributary waters. Approved August 7, 1956.
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