Housing Act of 1955, Hearing Before a Subcommitee of ..., 84-1 on S.789, S.1022, S.1412, S.1501 ..., May 10 ... 20, 1955
1955 - 627 pages
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additional Administrator Agency amended amount applications appropriated approved areas assistance Association authority believe bill Board bonds borrowing builder building capital Chairman charge COLE Commissioner committee communities Congress construction continue contract Cooperative Corporation cost course Department determine direct educational effect existing facilities fact families farm Federal Federal Government financing Force FULBRIGHT funds give going Government higher Home Home Loan Bank Housing Act improvements income increase institutions interest issued legislation limitation loans LONG means ment military million mortgage municipalities necessary Office operation Park percent period permit persons present President problem projects proposed public housing question reasonable recommendation record respect Secretary Senator CAPEHART Senator SPARKMAN statement things tion Treasury units University urban Water Wherry
Page 9 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 10 - If any provision of this Act or the application of such provision to any person or circumstances shall be held invalid, the remainder of the Act, and the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.
Page 12 - In the performance of, and with respect to, the functions, powers, and duties...
Page 347 - Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of such notes or other obligations.
Page 4 - Insurance Fund. The principal of, and interest paid and to be paid on, debentures...
Page 503 - first mortgage" means such classes of first liens as are commonly given to secure advances (including but not limited to advances during construction) on, or the unpaid purchase price of, real estate under the laws of the State in which the real estate is located, together with the credit...
Page 15 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 9 - Each such obligation shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States of comparable maturities as of the last day of the month preceding the issuance of the obligation of the Corporation.
Page 15 - ... to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act. as amended, and the purposes for which securities may be issued under that Act.
Page 95 - No institution shall be eligible to become a member of, or a nonmember borrower of, a Federal Home Loan Bank if, in the judgment of the board, its financial condition is such that advances may not safely be made to such institution or the character of its management or its homefinancing policy is inconsistent with sound and economical home financing, or with the purposes of this Act.