An Act to amend the District of Columbia Revenue Act of 1947 regarding taxability of dividends received by a corporation from insurance companies, banks, and other savings institutions.
PL 93-268 (H.R.6186), enacted 04/17/1974

88 STAT. ] 
PUBLIC LAW 93-268-APR. 17, 1974 
85 
Public Law 93-266 
AN ACT 
April 12,1974 
To amend the Act entitled "An Act to incorporate the American Hospital of 
[s-1836] 
Paris", approved January 30, 1913 (37 Stat. 654). 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That (a) section 4 
American HOS-
of the Act entitled "An Act to incorporate the American Hospital of ''"Boa°d orcov-
Paris", approved January 30, 1913 (37 Stat. 654), is amended by emors, member-
deleting "nor more than twenty". 
^^^'^' 
(b) Section 6 of such Act is amended by deleting "an equal number 
of" wherever it appears therein. 
Approved April 12, 1974. 
Public Law 93-267 
AN ACT 
April 12,1974 
rs 24411 
To amend the Act of February 24, 1925, incorporating the American War Mothers, 
LJ 
i 
to permit certain stepmothers and adoptive mothers to be members of that 
organization. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That section 7 of 
American war 
the Act entitled "An Act to incorporate the American War Mothers", 
Membership, 
approved February 24, 1925, as amended (36 U.S.C. 97), is amended extension. 
by inserting after "her son or sons or daughter or daughters of her 
blood" the following: ", her legally adopted son or sons or legally 
adopted daughter or daughters, or her stepson or stepsons or step-
daughter or stepdaughters". 
Approved April 12, 1974. 
Public Law 93-268 
AN ACT 
April 17,1974 
To amend the District of Columbia Revenue Act of 1947 regarding taxability of 
[H. R. 6186] 
dividends received by a corporation from insurance companies, banks, and 
other savings institutions. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress a^sembled^ That the first pro- D.C. 
viso of section 1 of title X of the District of Columbia Revenue Act of „,P„°''P°''^'^ ^^'^' 
1947 (D.C. Code, sec. 47-1580) is amended to read as follows: ": 
Provided^ however^ That, in the case of any corporation, the amount 
received as dividends from a corporation which is subject to taxation 
under this subchapter or under title I I of the Act entitled "An Act to 
provide additional revenue for the District of Columbia, and for 
other purposes", approved August 17, 1937 (D.C. Code, sees. 
47-1801—1808), and, in the case of a corporation not engaged in car-
rying on any trade or business within the District, interest received by 
it from a corporation which is subject to taxation under this article or 
under such title II of such Act shall not be considered as income from 
sources within the District for purposes of this subchapter; and in the 
case of any corporation organized as a bank holding company under 
ation. 
3R-104 n - 76 - 9 Pt. 1 
note. 
D.C. Code 47 
1580 note. 
86 
PUBLIC LAW 93-268-APR. 17, 1974 
[88 STAT. 
note ^^^ ^^'^^ 
^^® provisions of the Bank Holding Company Act of 1956 and the 
12'usc 1841 
Bank Holding Company Act Amendments of 1970, the aniount 
received as dividends from a corporation which is subject to taxation 
under this article or under the provisions of paragraph (5) or para-
graph (7) of section 6 of the Act entitled "An Act making appropria-
tions to provide for the expenses of the government of the District of 
Columbia for the fiscal year ending June thirtieth, nineteen hundred 
and three, and for other purposes", approved July 1,1902 (D.C. Code, 
sees. 47-1701 and 47-1703), and in the case of any such bank holding 
company not engaged in carrying on any trade or business within the 
District, interest received by it from a corporation which is subject to 
taxation under such paragraphs, shall not be considered as income 
from sources within the District for purposes of this article." 
Ef^ctive date. 
SEC. 2. The amendment made by the first section of this Act shall 
apply with respect to all taxable years ending after December 31, 
1973. 
SEC. 3. (a) Part C of title V I I of the District of Columbia Self-
87 Stat. 821. 
Govemment and Governmental Reorganization Act is amended by 
inserting at the end thereof the following: 
"POLITICAL PARTICIPATION IN CERTAIN ELECTIONS FIRST HELD UNDER 
THIS ACT 
D.C. Code 1- 
"SEC. 724. (a) In order to provide continuity in the government of 
1101 note. 
^j^g District of Columbia during the transition from the appointed 
government to the elected government provided for under this 
Act, no person employed by the United States or by the govern-
ment of the District of Columbia shall be prohibited by reason of such 
employment— 
"(1) from being a candidate in the first primary election and 
general election held under this Act for the office of Mayor or 
Chairman or member of the Council of the District of Columbia 
provided for under title IV of this Act, and 
" (2) if such a candidate, from taking an active part in political 
management or political campaigns in any election referred to in 
paragraph (1) of this subsection. 
" (b) Such candidacy shall be deemed to have commenced on the day 
such person obtains from the Board of Elections an official nominating 
petition with his name stamped thereon, and shall terminate— 
"(1) in the case of such candidate who ceases to be eligible as 
a nominee for the office with respect to which such petition was 
obtained by reason of his inability or failure to qualify as a bona 
fide nominee prior to the expiration of the final date for filing 
such petition under the election laws of the District of Columbia, 
on the day following such expiration date; 
"(2) in the case of such candidate who is elected to any such 
office with respect to which such nominating petition was obtained, 
on the day such candidate takes office following the election held 
with respect thereto; 
" (3) in the case of such candidate who is defeated in a primary 
election held to nominate candidates for the office with respect to 
which such nominating petition was obtained, on the expiration 
of the thirty day period following the date of such primary 
election; and 
"(4) in the case of such candidate who fails to be elected in a 
general election to any such office with respect to which such 
nominating petition was obtained, on the expiration of the thirty 
day period following the date of such election. 
88 STAT. ] 
PUBLIC LAW 93-269-APR. 18, 1974 
87 
" (c) The provisions of this section shall terminate as of January 2, 
1975." 
(b) The table of contents for part C of title V I I of such Act is 
amended by inserting at the end of that part the following new item: 
"Sec. 724. Political participation in certain elections first held under this Act." 
(c) Section 771(e) of the District of Columbia Self-Government 
and Governmental Reorganization Act is amended by deleting "Part 
E" and inserting in lieu thereof "Section 724 and part E". 
SEC. 4. (a) Section 7324(d)(4) of title 5, United States Code, is 
amended to read as follows: 
"(4) the Mayor of the District of Columbia, the members of 
the Council of the District of Columbia, or the Chairman of the 
Council of the District of Columbia, as established by the District 
of Columbia Self-Government and Governmental Reorganization 
Act; or". 
(b) Notwithstanding any other provision of law, the provisions 
of section 7324(a) (2) of title 5, United States Code, shall not be 
applicable to the Commissioner of the District of Columbia or the 
members of the District of Columbia Council (including the Chair-
man and Vice Chairman), as established by Reorganization Plan 
Numbered 3 of 1967. 
(c) Section 741 of the District of Columbia Self-Government and 
Governmental Reorganization Act is repealed. 
Approved April 17, 1974. 
Termination 
date. 
D.C. Code 121 
note. 
5 u s e 7324 
note. 
5 u s e app. 
Repeal. 
87 Stat. 831. 
Public Law 93-269 
AN ACT 
To make certain appropriations available for obligation and expenditure until 
June 30, 1975, and for other purposes. 
April 18, 1974 
[H. R.12253] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That, (a) as used 
in this section, the term "applicable program" means any program to 
which the General Education Provisions Act applies. 
(b) (1) Notwithstanding any other provision of law, unless enacted 
in express and specific limitation of the provisions of this section— 
(A) any funds appropriated to carry out any applicable pro-
gram for the fiscal year 1973; and 
(B) any funds appropriated to carry out any applicable pro-
gram for fiscal year 1974; 
shall remain available for obligation and expenditure until June 30, 
1975. 
(2) Nothing in this section shall be construed to approve of the 
withholding from expenditure or the delay in expenditure of any 
funds appropriated to carry out any applicable program for fiscal year 
1973 beyond the period allowed for apportionment under subsection 
(d) of section 3679 of the Revised Statutes (31 U.S.C. 665). 
SEC. 2. Paragraphs (2), (3), (4), and (5) of section 428(a) of the 
Higher Education Act of 1965, and all references thereto, are 
redesignated as paragraphs (3), (4), (5), and (6) thereof, respec-
tively, and such section 428(a) is amended by striking out paragraph 
(1) thereof and inserting in lieu thereof the following: 
"(1) Each student who has received a loan for study at an eligible 
institution— 
"(A) which is insured by the Commissioner under this part; 
Office of Edu-
cation. 
Funds, carry-
over. 
20 u s e 1226 
note. 
Definition. 
20 u s e 1221 
note. 
Student loans, 
interest subsidy 
payments. 
20 u s e 1078.