or a local public agency shall be made upon terms which require (1) that the city or public agency shall pay in cash at least one third of the price of the land upon its conveyance and the entire price within one year after its conveyance and (2) that any portion of the entire price not paid upon such conveyance shall be represented by an indebtedness which shall bear interest on outstanding balances at a rate of 4 per centum per annum and which shall be secured by a first mortgage lien upon the land or such portion of the land as the Administrator deems adequate to protect the financial interest of the Federal Government. The Administrator may, at any time that he deems it to be in the public interest to do so, dispose, under authority of other provisions of subchapters II-VII of this chapter, of any land acquired by him pursuant to this paragraph. Any land acquired by the Administrator pursuant to this paragraph which has not been disposed of within five years after its acquisition shall be disposed of by him as expeditiously as possible in the public interest in accordance with other authority contained in subchapter II-VII of this chapter. Notwithstanding the provisions of section 1546 of this title or any other provisions of law, no payments in lieu of taxes shall be made for any tax year beginning subsequent to the date of the acquisition of title to the property by the Administrator. (b) Land rentals. In any case in which the Administrator holds, on or after April 1, 1950, an interest in land acquired by the Federal Government for national defense, war housing, or veterans' housing and where (1) the term of such interest (as prescribed in the taking or in the lease or other instruments) is for the "duration of the emergency" or "duration of the war", or "duration of the emergency" or "duration of the war" plus a specific period thereafter, or for some similarly prescribed term, and (2) the rental, award, or other consideration which the Federal Government is obligated to pay or furnish for such interest gives the owner of the land less than an annual return, after payment of real estate taxes, of 6 per centum of the lowest value placed on such land by an independent appraiser, hired by the Government to make such appraisal based on the value of the land before the acquisition of the Government's interest therein, plus 100 per centum of such value, the Administrator shall, upon request of the owner of the land and, notwithstanding any existing contractual or other rights or obligations, increase the amount of future payments for such interest in order to give the owner of the land a return for the Government's use thereof not exceeding the 6 per centum annual return described in (2) of this subsection: Provided, That this subsection shall not affect any payment heretofore made or any future payment accepted by an obligee, nor shall this subsection limit the consideration which may be paid for the use of any land beyond the existing term of the Government's interest therein. (c) Reserve account; availability of moneys. Notwithstanding any other provisions of law unless hereafter enacted expressly in limitation hereof, moneys shall be deposited in the reserve account established pursuant to subsections (a) and (b) of section 1543 of this title (which account is continued subject to the limitation as to amount specified in subsection (c) of section 1543 of this title) and all moneys deposited in such reserve account shall be and remain available for any or all of the purposes specified in said subsections (a) or (b) of section 1543 of this title or in this section without regard to the time prescribed in subsection (c) of section 1543 of this title with respect to covering moneys in such account into miscellaneous receipts. Moneys in such reserve accounts shall also be available for the payment of necessary expenses (which shall be considered nonadministrative expenses) in connection with administering (1) transfers pursuant to section 1581 of this title, (2) redeterminations of the temporary or permanent character of demountable housing pursuant to section 1583 of this title, (3) changes in land tenure and revisions in the consideration payable to landowners pursuant to subsections (a) and (b) of this section, and (4) transfers of permanent war housing for low-rent use pursuant to section 1586 of this title. Moneys in such reserve account shall also be available for the purpose of making improvements to, or alterations of, any permanent housing or part thereof if (1) the dwelling structures therein are designed for occupancy by not more than four families and are to be sold separately and (2) such improvement or alteration is requested by the local governing body as a condition to the acceptance of the dedication of streets or utilities or is necessary for compliance with local law or regulation relating to the continued operation or occupancy of the housing by a purchaser. (Oct. 14, 1940, ch. 862, title VI, § 605, as added June 22, 1948, ch. 688, § 7, as added Apr. 20, 1950, ch. 94, title II, 201, 64 Stat. 59, and amended Sept 1, 1951, ch. 378, title VI, § 603 (b), (c), 65 Stat. 314; Aug. 2, 1954, ch. 649, title VIII, § 805 (1), 68 Stat. 644; Aug. 11, 1955, ch. 783, title I, § 108 (d), 69 Stat. 683.) REFERENCES IN TEXT Title II of the Independent Offices Appropriation Act, 1955, referred to in subsec. (a), was classified in part to section 1431 of this title and section 1701g-5 of Title 12. Banks and Banking. Subchapters II-VII of this chapter, referred to in subsec. (a), in the original reads "this Act", meaning act of Oct. 14, 1940, which is set out in such subchapters. AMENDMENTS 1955-Subsec. (a). Act Aug. 11, 1955, authorized the Administrator to acquire a fee simple title to lands where he finds that such acquisition will tend to expedite the transition of the city from a war-affected community containing a large number of temporary houses to a community having additional permanent. well-planned, residential neighborhoods. 1954 Subsec. (a). Act Aug. 2, 1954, added second paragraph. 1951-Subsec. (b). Act Sept. 1, 1951, in clause (2), inserted "plus 100 per centum of such value", substituted "shall" for "is authorized" after "Administrator", and substituted "increase" for "to increase". § 1586. Sale of specific housing projects. (a) Conditions precedent. The Administrator is specifically authorized to convey the following housing projects to the following local public housing agencies respectively, if— (1) on or before January 30, 1953, (i) the conveyance is requested by the governing body of the municipality or county and (ii) the public housing agency has demonstrated to the satisfaction of the Administrator that there is a need for lowrent housing (as such term is defined in the United States Housing Act of 1937) within the area of operation of such public housing agency which is not being met by private enterprise; (2) the Administrator determines that the project requested will meet such need in whole or in part, and is suitable for low-rent housing use; and (3) on or before June 30, 1953, the governing body of the municipality or county enters into an agreement with the public housing agency (satisfactory to the Public Housing Administration, hereinafter referred to as "Administration") providing for local cooperation and payments in lieu of taxes not in excess of the amount permitted by subsection (c) (5) of this section, and the public housing agency enters into an agreement with the Administration (in accordance with subsection (c) of this section) for the administration of the project: State Alabama..... Arkansas. California.. 1102 Housing Board of Mobile. 1072 Housing Authority of Sylacauga. 1076 Housing Authority of Sylacauga. 1073 Housing Authority of City of Talladega. 3023 Housing Authority of City of Conway. 4031 Housing Authority of City of Fresno. 4161 Housing Authority of County of Kern. 4141 Housing Authority of County of Kern. 4103 Housing Authority of City of Los Angeles. 4104 Housing Authority of City of Los Angeles. 4108 Housing Authority of City of Los Angeles. 4121 Housing Authority of City of Paso Robles. 4171 Housing Authority of City of Richmond. 4174 Housing Authority of City of Richmond. Connecticut.---. 6091 Housing Authority of City of Bristol. District of Columbia. Florida..... Georgia..... Illinois... Indiana..... Louisiana... 6024 Housing Authority of Town of East Hartford. 6031 Housing Authority of City of New Britain. 6032 Housing Authority of City of New Britain. 6101 Housing Authority of City of New Haven. 6041 Housing Authority of City of Waterbury. 6213 Housing Authority of City of Waterbury. 49012 National Capital Housing Authority. 49017 National Capital Housing Authority. 9071 Housing Authority of City of Albany. Maryland....-. 18095 Housing Authority of Baltimore City. 18096 Housing Authority of Baltimore City. 18097 Housing Authority of Baltimore City. 18098 Housing Authority of Baltimore City. Massachusetts... 19051 Boston Housing Authority. 19021 Chicopee Housing Authority. 19022 Chicopee Housing Authority. 19061 Pittsfield Housing Authority. 19023 Springfield Housing Authority. Michigan........ 20042 Housing Commission of Detroit. Rhode Island... South Carolina.. Tennessee.... Texas.... Virginia....... Virginia...... Washington..--- 26021 Housing Authority of City of Las Vegas. 27021 Housing Authority of City of Manchester. 28044 Housing Authority of City of Camden. 28021 Housing Authority of City of Long Branch. 28072 Housing Authority of City of Newark. 28111 Housing Authority of Town of Phillipsburg. 30031 Buffalo Municipal Housing Authority. 30032 Buffalo Municipal Housing Authority. 30042 Elmira Housing Authority. 30033 Lackawanna Municipal Housing Authority. 30039 Lackawanna Municipal Housing Authority. 30034 Niagara Falls Housing Authority. 30071 Niagara Falls Housing Authority. 30082 Massena Housing Authority. 31023 Housing Authority of City of Wilmington. 31024 Housing Authority of City of Wilmington. 33031 Canton Metropolitan Housing Authority. 33033 Canton Metropolitan Housing Authority. 33021 Cincinnati Metropolitan Housing Authority. 33071 Cleveland Metropolitan Housing Authority. 33074 Cleveland Metropolitan Housing Authority. 33075 Cleveland Metropolitan Housing Authority. 33112 Lorain Metropolitan Housing Authority. 33261 Lorain Metropolitan Housing Authority. 33262 Lorain Metropolitan Housing Authority. 33041 Warren Metropolitan Housing Authority. 33043 Warren Metropolitan Housing Authority. 35021 Housing Authority of Portland. 36051 Housing Authority of County of Beaver. 36058 Housing Authority of County of Beaver. 36041 Housing Authority of Bethlehem. 36042 Housing Authority of Bethlehem. 36044 Housing Authority of Bethlehem. 36151 Allegheny County Housing Authority. 36152 Allegheny County Housing Authority. 36061 Housing Authority of County of Lawrence. 36021 Housing Authority of City of Erie. 36031 Housing Authority of County of Lycoming. 36011 Housing Authority of Philadelphia. 36012 Housing Authority of Philadelphia. 36014 Housing Authority of Philadelphia. 36015 Housing Authority of Philadelphia. 36016 Housing Authority of Philadelphia. 36101 Housing Authority of City of Pittsburgh, 36212 Allegheny County Housing Authority. 36295 Housing Authority of City of York. 37013 Housing Authority of City of Newport. 38023 Housing Authority of City of Charleston. 38061 Housing Authority of City of Charleston. 38041 Housing Authority of City of Spartanburg. 38042 Housing Authority of City of Spartanburg. 40022 Jackson Housing Authority. 40023 Milan Housing Authority. 40011 Nashville Housing Authority. 40025 Trenton Housing Authority. 41064 Housing Authority of City of Corpus Christi. 41065 Housing Authority of City of Corpus Christi. 41133 Housing Authority of City of Freeport. 41031 Housing Authority of City of Houston. 41131 Housing Authority of City of Lake Jackson. 41101 Housing Authority of City of Mineral Wells. 41103 Housing Authority of City of Mineral Wells. 41072 Housing Authority of City of Orange. 41032 Housing Authority of City of Pasadena. 41141 Housing Authority of City of Texarkana. 41121 Housing Authority of City of Wichita Falls. 44131 Alexandria Redevelopment and Housing Authority. 44132 Alexandria Redevelopment and Housing Authority. 44133 Alexandria Redevelopment and Housing Authority. 45043 Housing Authority of City of Bremerton. 45277N Housing Authority of County of Clallam. 45315N Housing Authority of County of Clallam. 45133 Housing Authority of County of King. 45052 Housing Authority of City of Seattle. 45053 Housing Authority of City of Seattle 45054 Housing Authority of City of Seattle. 45055 Housing Authority of City of Seattle. 45056 Housing Authority of City of Seattle. 45122 Housing Authority of City of Vancouver. In addition to the authority of the Administrator under the first sentence of this subsection, the Administrator is specifically authorized to convey any permanent war housing project to a local public housing agency if requested in writing, within sixty days after April 20, 1950, by such agency or the executive head of the municipality (or of the county or parish if such project is not in a municipality) within which the project is located, or by the Governor of the State where an agency of the State has authority to operate the project: Provided, That any conveyance by the Administrator pursuant to this sentence shall be subject to the same conditions and requirements as provided in this section with respect to a project specifically designated herein. (b) Projects as "low-rent housing". Upon the conveyance by the Administrator of any such project pursuant to the provisions of this section, such project shall constitute and be deemed to be "low-rent housing" as that term is used and defined in the United States Housing Act of 1937 (and to be a low-rent housing project assisted pursuant to that Act, within the meaning of section 1404a (b) of this title), except that no capital grant or annual contribution shall be made by the Federal Government with respect to such project. If any such project is consolidated under a single annual contributions contract with any low-rent project being assisted with annual contributions under the said Act, the payment of any annual contribution on account of any project so assisted shall not be deemed to be a capital grant or annual contribution with respect to any project conveyed hereunder. Any instrument of conveyance by the Administrator stating that it is executed under subchapters II— VII of this chapter shall be conclusive evidence of compliance therewith insofar as any title or other interest in the property is concerned. (c) Conditions and requirements of agreements. The agreement between the public housing agency and the Administration required by subsection (a) of this section shall contain the following conditions and requirements, and may contain such further conditions, requirements, and provisions as the Administration determines (1) during a period of forty years following the conveyance the project shall be administered as low-rent housing in accordance with subsections (1) and (2) of section 1402 of this title: Provided, That if at any time during such period the public housing agency and the Administration agree that the project, or any part thereof, is no longer suitable for use as low-rent housing, the project, or part thereof, shall with the approval of the Administration be sold by the public housing agency after which the agreement shall be deemed to have terminated with respect to such project or part thereof except that the proceeds from such sale, after payment of the reasonable expense thereof, shall be paid to the Administration; (2) the public housing agency shall, within six months following the conveyance, initiate a program for the removal of all families residing in the project on the date of conveyance who are ineligible under the provisions of the United States Housing Act of 1937 for continued occupancy therein, and shall have required such ineligible tenants to vacate their dwellings within eighteen months after the initiation of such program: Provided, That military personnel as designated by the Secretary of Defense or his designee shall not be subject to such removal until eighteen months after the date of conveyance; (3) annually during the term of such agreement, the public housing agency shall pay to the Administration all income from the project re maining after deducting the amounts necessary (as determined pursuant to regulations of the Administration) for (i) the payment of reasonable and proper costs of operating, maintaining, and approving such project, (ii) the payments in lieu of taxes authorized hereunder, (iii) the establishment and maintenance of reasonable and proper reserves as approved by the Administration, and (iv) the payment of currently maturing installments of principal of and interest on any indebtedness incurred by such public housing agency with the approval of the Administration: Provided, That the provisions of this paragraph shall not be applicable to any project which is consolidated under a single contract with one or more low-rent projects being assisted under the United States Housing Act of 1937, and all income from any such project conveyed under this section may be commingled with funds of the project or projects with which it is consolidated and applied in accordance with the requirements of the consolidated contract and the provisions of section 1410 (c) of this title; (4) during the term of such agreement, the project shall be exempt from all real and personal property taxes levied or imposed by the State, city, county, or other political subdivisions; (5) for the tax year in which the conveyance is made and the next succeeding tax year annual payments in lieu of taxes may be made to the State, city, county, or other political subdivisions in amounts not in excess of the real property taxes which would be paid to such State, city, county, or other political subdivisions if the project were not exempt from taxation; and thereafter, during the term of such agreement, payments in lieu of taxes with respect to the project may be made in annual amounts which do not exceed 10 per centum of the annual shelter rents charged in such project; (6) in selecting tenants for such project, the public housing agency shall give such preferences as are prescribed by section 1410 (g) of this title, except that for one year after the date of conveyance of a project, the public housing agency shall, to the extent permitted by law, give such preferences, by allocation or otherwise, to military personnel as the Secretary of Defense or his designee prescribes to the public housing agency; and (7) upon the occurrence of a substantial default in respect to the requirements and conditions to which the public housing agency is subject (as such substantial default shall be defined in such agreement), the public housing agency shall be obligated at the option of the Administration, either to convey title in any case where, in the determination of the Administration (which determination shall be final and conclusive), such conveyance of title is necessary to achieve the purposes of this subchapter and the United States Housing Act of 1937, or to deliver possession to the Administration of the project, as then constituted, to which such agreement relates: Provided, That in the event of such conveyance of title or delivery of possession, the Administration may improve and administer such project as low-rent housing, and otherwise deal with such housing or parts thereof, subject, however, to the limitations contained in the applicable provisions of the United States Housing Act of 1937. The Administration shall be obligated to reconvey or to redeliver possession of the project, as constituted at the time of reconveyance or redelivery, to such public housing agency or to its successor (if such public housing agency or a successor exists) upon such terms as shall be prescribed in such agreement and as soon as practicable after the Administration shall be satisfied that all defaults with respect to the project have been cured, and that the project will, in order to fulfill the purposes of this subchapter and the United States Housing Act of 1937, thereafter be operated in accordance with the terms of such agreement. Any prior conveyances and reconveyances, deliveries and redeliveries of possession shall not exhaust the right to require a conveyance or delivery of possession of the project to the Administration pursuant to this paragraph upon the subsequent occurrence of a substantial default. (d) Disposition of payments. At the end of each fiscal year, the total amount of payments during such year to the Administration in accordance with subsection (c) of this section shall be covered into the Treasury as miscellaneous receipts. (Oct. 14, 1940, ch. 862, title VI, § 606, as added June 28, 1948, ch. 688, § 7, as added Apr. 20, 1950, ch. 94, title II, § 201, 64 Stat. 59, and amended by Ex. Ord. No. 10284, Sept. 4, 1951, §§ 6, 7, 16 F. R. 8971; Ex. Ord. No. 10339, eff. Apr. 7, 1952, 17 F. R. 3012; Ex. Ord. No. 10425, eff. Jan. 16, 1953, 18 F. R. 405; Sept. 23, 1959, Pub. L. 86-372, title VIII, § 807, 73 Stat. 687.) REFERENCES IN TEXT The United States Housing Act of 1937 referred to in subsections (a)(1), (b), and (c) (2), (3), (7), of this section is classified to chapter 8 of this title. "That Act" wherever appearing refers to the United States Housing Act of 1937. Subchapter II-VII of this chapter, referred to in subsec. (b), in the original reads "this Act", meaning act of Oct. 14, 1940, which is set out in such subchapters. AMENDMENTS 1959 Subsec. (b). Pub. L. 86-372, § 807(1), provided that if any such project is consolidated under a single annual contributions contract with any low-rent project being assisted with annual contributions under the United States Housing Act of 1937, the payment of any annual contribution on account of any project so assisted shall not be deemed to be a capital grant or annual contribution with respect to any project conveyed hereunder. Subsec. (c) (3). Pub. L. 86-372, § 807(2), inserted proviso making the provisions of subsec. (c) (3) inapplicable to any project which is consolidated under a single contract with one or more low-rent projects being assisted under the United States Housing Act of 1937, and permitting the commingling of income from such project with funds of the project or projects with which it is consolidated. Ex. ORD. No. 10284. EXTENSION OF TIME Subsec. (a) (1) was affected by Ex. Ord. 10284, Sept. 4, 1951, to extend time for request for conveyance of housing projects from Dec. 31, 1950, to Dec. 31, 1951. EXTENSION OF TIME Ex. ORD. No. 10339. Subsec. (a) (1) was affected by Ex. Ord. 10339, Apr. 7, 1952, to extend time for request for conveyance of housing projects from Dec. 31, 1951, to Dec. 31, 1952. Subsec. (a) (3) was affected by Ex. Ord. 10339, Apr. 7, 1952 to extend time for entering agreements with the Public Housing Administration from June 30, 1952 to June 30, 1953. Said Ex. Ord. is set out as a note under section 1589a of this title. Ex. ORD. No. 10425. EXTENSION OF TIME Subsec. (a) (1) was affected by Ex. Ord. No. 10425, Jan. 16, 1953, to extend time for request for conveyance of housing projects from Dec. 31, 1952, to June 30, 1953. Subsec. (a) (3) was affected by Ex. Ord. 10284 to extend time for entering agreements with the Public Housing Administration from June 30, 1951, to June 30, 1952. Said Ex. Ord. is set out as a note under section 1589a of this title. CROSS REFERENCES Extension of dates for disposal and other actions relating to housing under this chapter, see section 1589a of this title. § 1587. Disposition of other permanent war housing. (a) Public interest. The Administrator shall, subject to the provisions of this section, dispose of permanent war housing, other than housing conveyed pursuant to section 1586 of this title, as promptly as practicable and in the public interest. (b) Preference in sales to individuals. Preference in the purchase of any dwelling structure designed for occupancy by not more than four families and offered for separate sale shall be granted to occupants and to veterans over other prospective purchasers for such period as the Administrator may determine and in the following order: (1) a veteran who occupies a unit in the dwelling structure to be sold and who intends to continue to occupy such unit; (2) a nonveteran who occupies a unit in the dwelling structure to be sold and who intends to continue to occupy such unit; (3) a veteran who intends to occupy a unit in the dwelling structure to be sold. Subject to the above order of preference, the Administrator may establish subordinate preferences for any such dwelling structure. In the disposition of any dwellings under this section which were acquired by the United States from persons occupying the dwellings at the time of such acquisition, the Administrator may, notwithstanding the order of preference provided in this section, grant a first preference to such persons in the purchase of any of these dwellings for such period and under such conditions as he may determine to be appropriate and in the public interest. As used in this subsection, the term "veteran" shall include a veteran, a serviceman, or the family of a veteran or a serviceman, or the family of a deceased veteran or serviceman whose death has been determined by the Veterans' Administration to be serviceconnected. (c) Preference in sales of projects. In the case of any housing project required by this section to be disposed of, which is not offered for separate sale of separate dwelling structures designed for occupancy by not more than four families, such project may be sold as a whole or in such portions as the Administrator may determine. On such sales of an entire project or portions thereof consisting of more than one dwelling structure or of an individual dwelling structure designed for occupancy by more than four families, first preference shall be given for such period not less than ninety days nor more than six months from the date of the initial offering of such project or portions thereof as the Administrator may determine, to groups of veterans organized on a mutual ownership or cooperative basis (provided that any such group shall accept as a member of its organization, on the same terms, subject to the same conditions, and with the same privileges and responsibilities, required of, and extended to other members of the group any tenant occupying a dwelling unit in such project, portion thereof or building, at any time during such period as the Administrator shall deem appropriate, starting on the date of the announcement by the Administrator of the availability of such project, portion thereof or building for sale), except that a first preference for said period of not less than ninety days nor more than six months shall be given to any group organized on a mutual or cooperative basis, which, with respect to its proposed purchase of a specific housing project or portions thereof, has, prior to August 1, 1949, been granted an exception by the Administrator from the sales preference provisions of Public Regulation 1 of the Housing and Home Finance Agency and has been designated as a preferred purchaser. (d) Equitable selection method for each preference class. The Administrator shall provide an equitable method of selecting the purchasers to apply when preferred purchasers (or groups of preferred purchasers) in the same preference class or containing members in the same preference class compete with each other. (f) Terms of sales. Sales pursuant to this section shall be upon such terms as the Administrator shall determine: Provided, That full payment to the Government for the property sold shall be required within a period not exceeding twenty-five years with interest on unpaid balances at not less than 4 per centum per annum, except that in the case of projects initially programmed as mutual housing communities under the defense housing program, the terms of sale shall not require a down payment and shall provide for full payment to the United States over a period of fortyfive years with interest on unpaid balances at not more than 3 per centum per annum. (g) Disregard of preferences in certain cases. The Administrator may dispose of any permanent war housing without regard to the preferences in subsections (b) and (c) of this section when he determines that (1) such housing, because of design or lack of amenities, is unsuitable for family dwelling use, or (2) it is being used at the time of disposition for other than dwelling purposes, or (3) it was offered, with preferences substantially similar to those provided in the Housing Act of 1950, to veterans and occupants prior to April 20, 1950. (Oct. 14, 1940, ch. 862, title VI, § 607, as added June 28, 1948, ch, 688, § 7, as added Apr. 20, 1950, ch. 94, title II, § 201, 64 Stat. 59, and amended Mar. 10, 1954, ch. 61, 68 Stat. 26; Aug. 2, 1954, ch. 649, title VIII, § 805 (2), 68 Stat. 644.) REFERENCES IN TEXT The Housing Act of 1950, referred to in subsec. (g), is act Apr. 20, 1950, ch. 94, 64 Stat. 48. For distribution of that act in this Code, see Tables. AMENDMENTS 1954 Subsec. (b). Act Mar. 10, 1954, in last paragraph, inserted the sentence permitting the Administrator to give, in the disposition of dwellings under this section which were acquired by the United States from persons occupying the dwellings at the time of such acquisition, a first preference to such persons in the purchase thereof. Subsec. (g). Act Aug. 2, 1954, added subsec. (g). CROSS REFERENCES Extension of dates for disposal and other actions relating to housing under this chapter, see section 1589a of this title. § 1588. Sale of vacant land to local housing authorities; sale of personal property. (a) Notwithstanding any other provision of law, any land acquired under subchapters II-VII of this chapter or any other Act in connection with war or veterans' housing, but upon which no dwellings are located at the time of sale, may be sold at fair value, as determined by the Administrator, to any agency organized for slum clearance or to provide subsidized housing for persons of low income. (b) Notwithstanding any other provision of law, any personal property held under subchapters IIVII of this chapter, and not sold with a project or building, may be sold at fair value, as determined by the Administrator, to any agency organized for slum clearance or to provide subsidized housing for persons of low income. Any sale of personal property under this subsection shall be made on a cash basis, payable at the time of settlement. (Oct. 14, 1940, ch. 862, title VI, § 608, as added June 28, 1948, ch. 688, § 7, as added Apr. 20, 1950, ch. 94, title II, § 201, 64 Stat. 59, and amended Aug. 11, 1955, ch. 787, 69 Stat. 668.) REFERENCES IN TEXT Subchapters II-VII of this chapter, referred to in subsecs. (a) and (b), in the original reads "this Act", meaning act Oct. 14, 1940, which is set out in such subchapters. AMENDMENTS 1955-Act Aug. 11, 1955, designated existing provisions thereof as subsec. (a), and added subsec. (b). § 1589. Conveyance of land and nondwelling structures thereon to States for National Guard purposes. Notwithstanding any other provision of law, the Administrator is authorized to convey by quit claim deed, without consideration, to any State for National Guard purposes any land, together with any nondwelling structures thereon, held under subchapters II-VII of this chapter or any other Act in connection with war or veterans' housing: Pro |