Amendment of State constitution.
PUBLIC LAW 87-41-MAY 27, 1961
vides that, in the case of the sale by the State of New Mexico of lands granted or confirmed to the State by such Act, legal title shall not be deemed to have passed until the consideration shall have been paid and any sale not made in substantial conformity with the provisions of such Act shall be null and void, are hereby waived with respect to the following sales by the State of New Mexico of lands which constituted, or constitute, a portion of a tract of land for the sale of which a contract had been previously entered into, but only insofar as such sales would (but for the enactment of this Act) violate the terms and conditions contained in section 10 of such Act because of the fact that the full consideration for the entire tract was not, or is not, paid prior to the time of the sale of such portion and the issuance of the patent therefor: (1) Any sale of any such portion, if the patent with respect thereto was issued on or before September 4, 1956; (2) Any sale of any such portion, if the patent with respect thereto is issued after September 4, 1956, and if the right to purchase such portion is derived from an assignment, made on or before September 4, 1956, under the contract to purchase the entire tract; and (3) Any sale of any such portion, if the patent with respect thereto is issued after September 4, 1956, and if the right to purchase such portion is derived from the contract to purchase the entire tract or from a contract entered into in substitution of such contract, and if the right or rights to purchase all other portions of such tract were, on or before September 4, 1956, assigned or relinquished by the person who entered into such contract. Consent is hereby given to the State of New Mexico to adopt any amendment to the constitution of the State or to enact any laws necessary to carry out the purposes hereof. Approved May 27, 1961. Public Law 87-41
May 27, 1961 [H. R. 6518]
AN ACT Making appropriations for the Inter-American Social and Economic Cooperation Program and the Chilean Reconstruction and Rehabilitation Program for the fiscal year ending June 30, 1961, and for other purposes.
Be it enacted, by the Senate and House of Representatives of the so'c^faf md'Eco'^ ^i^ited States of America in Congress assembled, That the following nomic Cooperation sums are appropriated, out of any money in the Treasury not other^'Appropriation. "^i^e appropriated, for the Inter-American Social and Economic Cooperation Program and the Chilean Reconstruction and Rehabilitation Program for the fiscal year ending June 30, 1961, namely:
FUNDS APPROPRIATED TO THE PRESIDENT INTER-AMERICAN
INTER-AMERICAN SOCIAL A N D ECONOMIC COOPERATION PROGRAM
For expenses necessary to carry out the provisions of sections 1 22 USC 1942. and 2 of the Act of September 8, 1960 (74 Stat. 869), $500,000,000, to 1943. remain available until expended: Provided, That the funds herein appropriated shall not be available to be loaned or reloaned at interest rates considered to be excessive by the Inter-American Development Bank or higher than the legal rate of interest of the country in which the loan is made.