Area Assistance Act of 1956: Hearings Before the Committee on Banking and Currency, House of Representatives, Eighty-fourth Congress, Second Session, on H. R. 8555 ...

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U.S. Government Printing Office, 1956 - 392 pages

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Page 97 - ... of such sound value or so secured as reasonably to assure retirement or repayment...
Page 6 - Act; (7) in addition to any powers, functions, privileges, and immunities otherwise vested in him, take any and all actions, including the procurement of the services of attorneys by contract, determined by him to be necessary or desirable in making, servicing, compromising, modifying, liquidating, or otherwise dealing with or realizing on loans made under the provisions of this Act; but no attorneys...
Page 4 - Director shall pay into miscellaneous receipts of the Treasury, at the close of each fiscal year, interest on the...
Page 178 - ... to coordinate and utilize all its plans, functions, and resources, for the purpose of creating and maintaining, in a manner calculated to foster and promote free competitive enterprise and the general welfare, conditions under which there will be afforded useful employment opportunities including self-employment, for those able, willing and seeking to work...
Page 5 - Administrator or his property ; (2) under regulations prescribed by him, assign or sell at public or private sale, or otherwise dispose of for cash or credit, in his discretion and upon such terms and conditions and for such consideration as the Administrator shall determine to be reasonable...
Page 5 - ... and to collect or compromise all obligations assigned to or held by him and all legal or equitable rights accruing to him in connection with the payment of such loans until such time as such obligations may be referred to the Attorney General for suit or collection...
Page 6 - Whoever makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtaining...
Page 4 - ... (3) the amount of the loan plus the amount of other available funds for such project are adequate to insure the completion thereof ; (4) there is a reasonable expectation of repayment ; and (5) such area has an approved economic development program as provided in section 6(b)(10) and the project for which financial assistance is sought is consistent with such program.
Page 2 - That any disposition of such land to such public agency or corporation under this section shall be made at not less than its fair value for uses in accordance with the urban renewal plan...
Page 5 - Administrator shall determine to be reasonable, any evidence of debt, contract, claim, personal property, or security assigned to or held by him in connection with the payment of...

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