An Act to amend the Federal Credit Union Act so as to provide for an independent Federal agency for the supervision of federally chartered credit unions, and for other purposes
PL 91-206 (H.R.2), enacted 03/10/1970

84 STAT. ] 
PUBLIC LAW 91-206-MAR. 10, 1970 
49 
Public Law 91-205 
AN ACT 
March 5, 1970 
To amend the Act of August 12, liKJS, to insure that certain facilities constructed 
[H. R. I4464] 
under authority of Federal law are designed and constructed to be accessible 
to the physically handicapped. 
Be it eMdcted hy the Serrnte and House of Representatives 
of the 
United States of Ametica in Congress assembled, That the first section ing^"''^''' ''"'''^' 
of the Act entitled "An Act to insure that certain buildings 
financed 
Accessibility io 
with Federal funds are so designed and constructed as to be accessible ^^''^'J'/^^'' handi-
to the physically handicapped , approved August 12,1968 (42 U.S.C. ""^^^^ ' 
4151), is amended— 
82 stat. vis. 
(1) by striking out "or" at the end of paragraph (2) ; 
(2) by striking out the period at the end of paragraph (3) and 
inserting in lieu thereof:"; or"; and 
(3) by adding at the end thereof the following: 
"(4) to be constructed under authority of the National Capital 
Transportation Act of 1960, the National Capital Transportation 
^| |*^[; |22. 
Act of 1965, or title I I I of the Washington Metropolitan Area 
4o use 681-685 
Transit Regulation Compact." 
"°8o'stat. 1324. 
Approved March 5, 1970. 
D.C. code 
1-1431 note. 
Public Law 91-206 
AN ACT 
March 10, 1970 
To amend the Federal Credit Union Act so as to provide for an independent 
[H. R. 2] 
Federal Agency for the supervision of federally chartered credit unions, and 
for other purposes. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Uongre-ss dssembled, 
uif^'^^'^^^ credit 
SECTION 1. Section 2 of the Federal Credit I'nion Act (12 U.S.C. amendme'nt. 
1752) is amended by striking out paragraphs (2) and (3) thereof and 
73 stat. 628. 
inserting: 
"(2) the term 'Administrator* moans the Administrator of the 
National Credit Union Administration; 
"(3) the term 'Administration" means the National Credit 
Union Administration; and 
"(4) the term 'Board" means the National Credit Union Board." 
SEC. 2. The Federal Credit Union Act is further amended (1) by 
changing "Director"' to read "Administrator" each place it appears 
therein; (2) by changing "Bureau of Federal (.redit Unions"' to read 
"National Credit Union Administration" each place it appears 
therein; and (3) by changing "Bureau", each remaining place it 
aj)pears, to read "Administration". 
SEC. 3. Section 3 of the Federal Credit Union Act (12 U.S.C. 
1752a) is amended to read: 
"CREATION OF ADMINISTRATION 
''SEC. 3. (a) There is hereby established in the executive branch of 
the Government an independent agency to be known as the National 
50 
PUBLIC LAW 91-206-MAR. 10, 1970 
[84 STAT. 
Administrator, 
appointment. 
National Credit 
Union Board. 
Members, 
office tenure. 
Recordkeeping, 
Report to 
President. 
80 Stat. 499; 
83 Stat. 190. 
GAO audit. 
Additional 
powers. 
73 Stat. 635; 
8 2 Stat. 285. 
Credit Union Administration (hereinafter referred to as the 'Admin-
istration'). The Administration shall consist of a National Credit 
Union Board (hereinafter referred to as the 'I^oard'), and an Admin-
istrator of the National Credit Union Administration 
(hereinafter 
referred to as the 'Administrator'). 
"(b) The Administrator shall be appointed by the President, by and 
with the advice and consent of the Senate. He shall be the cliief execu-
tive officer of the Administration and shall serve at the pleasure of 
the President. 
"(c) The Board shall consist of a Chairman and one member from 
each of the Federal credit uiiion regions to be appointed by the Presi-
dent, by and with the advice and consent of the Senate. The Chair-
man shall be appointed from the country at large and shall serve at 
the pleasure of the President. In making appointments to the Board, 
the President shall appoint persons of tested credit union experience. 
"(d) The term of office of each member of the Board, other than the 
Chairman, shall be six years. However, the initial terms of the mem-
bers first taking office shall expire as follows: one on December 31, 
1970, and one at tlie end of each succeeding calendar year thereafter. 
Of the members so appointed, the President shall designate one to 
serve as Vice Chairman for a term expiring upon the expiration of 
his term as a member, or upon the expiration of the then current term 
of the Chairman, whichever is earlier. The Vice Chairman shall act 
as Chairman in the absence or disability of the Chairman. Any mem-
ber of the Board may continue to serve as such after the expiration of 
his term of office until his successor has been appointed and has 
qualified. 
"(e) The President shall call the first meeting of the Board, and 
thereafter the Board shall meet on a quarterly basis, and at such other 
times as the Chairman or the Administrator may request, or whenever 
one-third of the members so request. The Board shall adopt such rules 
as it may see fit for the transaction of its business and shall keep per-
manent and complete records and minutes of its acts and proceedings. 
A majority of the voting members of the Board shall constitute a 
quorum. The Administrator shall seek the advice, counsel, and guid-
ance of the Board with respect to matters of policy relating to the 
activities and functions of the Administration under this Act, The 
Administrator shall make an annual report to the President for sub-
mission to the Congress summarizing the activities of the Adminis-
tration and making such recommendations as he deems appropriate. 
Such report shall be made after full consultation with the Board and 
shall contain any recommendations or comments submitted by the 
Board for inclusion in the report. The members of the Board shall be 
entitled to receive compensation at the rate of $75 for each day engaged 
in the business of the Administration pursuant to authorization by 
the Chairman, and shall be allowed travel expenses including per diem 
in lieu of subsistence as authorized by section 5703 of title 5 of the 
United States Code for persons in the Government service employed 
intermittently. 
"(f) The financial transactions of the Administration shall be 
audited by the General Accounting Office in accordance with the 
principles and procedures applicable to commercial corporate trans-
actions and under such rules and regulations as may be prescribed by 
the Comptroller General of the United States, The audit shall be 
conducted at the place or places where the accounts of the Administra-
tion are kept." 
SEC, 4, Section 21 of the Federal Credit Union Act (12 U.S.C. 1766) 
is amended by adding at the end thereof a new subsection as follows: 
84 STAT. ] 
PUBLIC LAW 91-207-MAR. 12, 1970 
' 
51 
" (i) In addition to the authority conferred upon him by other sec-
tions of this Act, the Administrator is authorized in carrying out his 
functions under this Act— 
"(1) to appoint such personnel as may be necessary to enable 
the Administration to carry out its functions; 
'' (2) to ex})end such funds, enter into such contracts with public 
and private organizations and persons, make such payments in 
advance or by way of reimbursement, and perform such other 
functions or acts as he may deem necessary or appropriate to 
carry out the provisions of this iVct; and 
"(3) to pay stipends, including allowances for travel to and 
from the place of residence, to any individual to study in a pro-
gram assisted under this Act upon a determination by the Admin-
istrator that assistance to such individual in such studies will be 
in furtherance of the purposes of this Act." 
SEC. 5. (a) Section 5108(a) of title 5, United States Code, is 
so^stat. 878; 
amended by striking out "2,727" and inserting in lieu thereof "2,734". 
(b) Section 5315 of title 5 of the United States Code (relating to ga^statrselj!^' 
positions at level IV of the Executive Schedule) is amended by adding 
at the end thereof the following: 
"(92) Administrator of the National Credit Union Admin-
istration." 
SEC. 6. (a) All functions, property, records, and personnel of the f^'^^^-^^^^'"'°^ 
Bureau of Federal Credit Unions are transferred to the National ""'^ '°"^' 
Credit ITnion Administration created by this Act. 
(b) The Director of the Bureau of Federal Credit Unions in office 
on tlie date of enactment of this Act shall serve as acting Admin-
istrator of the National Credit L'nion Administration pending the 
appointment of an Administrator in accordance with section 3 of the 
; 
Federal ('redit ITnion Act as amended by tliis Act. 
Approved March 10, 1970. 
Public Law 91-207 
AN A C l 
March 12, 1970 
To aiueiid the National School Lunch Act. as amended, to provide funds and 
[H. R. 11651] 
authorities to the Deimrtnient of Agriculture for the purpose of providing free 
or reduced-i)rice.meals to needy children not now hi'ing reached. 
Be it eiKicted by the Senate ntul Ilon^e of ReproHentat'iren of the 
(Jruted States of A?neneff in Congre.s.s oM^emhled, That the National LiS^ch°Act ^'"'^""^ 
School.Lunch Act (42 U.S.C. 1752) is amended by inserting after sec- amendment. 
tion 13 the folloAviny-new section : 
6° s'^'- ^30; 
" 
Post, 
p. 207. 
42 u s e 
175 1 
"TKMPOKAHY KMKIMJENCY ASSISTANCE TO I'KOVIDK N l ' l - R r r i O l S MEAl.S 
"°te-
TO NEEDY CHIIJ)REN IN SCHOOI>S 
"SEC;. 13A.. Notwithstanding miy other provision of law, under such 
terms and conditions as he deems in the public interest, the Secretary of 
Agriculture is authorized to use an additional amount, not to exceed 
$30,()00,()(K), of funds from section 32 of the Act of August 24, 1935 
(7 U.S.C. ()12c), to supplement funds heretofore made available to 
^g stat. 774. 
carry out programs during the fiscal year 1970 to improve the nutri-
tion of needy children in public and nonprofit private schools partici-
pating in the national school lunch program under this Act or the 
school breakfast program under the Child Nutrition Act of 1966 (42 
U.S.C. 1771 et seq.)." 
8° stat. sss. 
Approved March 12, 1970.