An Act to waive certain restrictions of the New Mexico Enabling Act with respect to certain sales of lands granted to the State by the United States; and to consent to an amendment of the constitution of the State of New Mexico.
PL 87-40 (S.104), enacted 05/27/1961

75 
S T A T . ] 
PUBLIC LAW 87.40-MAY 27, 1961 
85 
sentences thereof and inserting: "Any farm allotment transferred 
under this paragraph shall be deemed to be released acreage for 
purposes of acreage history credits under sections 
344(f)(8), 
344 (m) (2), and 377 of this Act." 
Approved May 20, 1961, 10:00 a.m. 
73 Stat. 393. 
7 u s e 1377. 
Public Law 87-38 
JOINT RESOLUTION 
^^^ ^S, i96l 
To amend section 217 of the National Housing Act to provide an interim increase 
[s. j . Res. 89] 
in the authorization for insurance of mortgages by the Federal Housing 
Administration. 
Resolved hy the Senate and House of Representatives 
of the United 
States of America in Congress assembled^ That section 217 of the 
National Housing Act is amended by striking out "$15,000,000,000" 
and inserting in lieu thereof "$16,000,000,000". 
Approved May 25, 1961. 
68 
S t a t . 
73 Stat. 657. 
12 u s e 1715h 
596; 
Public Law 87-39 
AN ACT 
Authorizing the Secretary of the Treasury to coin and sell duplicates in bronze 
of a gold medal presented to Robert Frost by the President of the United 
States. 
May 25, 1961 
[S. 712] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That the first section 
of the Act entitled "An Act authorizing the President of the United 
States of America to present a gold medal to Robert Frost, a New 
England poet", approved September 13, 1960 (74 Stat. 883), is 
amended (1) bj^ inserting " ( a ) " immediately after the word "That", 
and (2) by adding at the end thereof a new subsection (b) to read as 
follows: 
"(b) The Secretary of the Treasury shall cause duplicates in bronze 
of such medal to be coined and sold, under such regulations as he may 
prescribe, at a price suiRcient to cover the cost thereof (including 
labor), and the appropriations used for carrying out the provisions 
of this subsection shall be reimbursed out of the proceeds of such 
sale." 
Approved May 25, 1961. 
R o b e r t 
F r o s t 
medal, 
Duplicates. 
Regulations. 
Public Law 87-40 
AN ACT 
To waive certain restrictions of the New Mexico Enabling Act with respect to 
certain sales of lands granted to the State by the United States; and to consent 
to an amendment of the constitution of the State of New Mexico. 
May 27, 1961 
[S. 104] 
Be it enacted by the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That those provisions 
of section 10 of the Act entitled "An Act to enable the people of New 
Mexico to form a constitution and State government and be admitted 
into the Union on an equal footing with the original States; and to 
enable the people of Arizona to form a constitution and State govern-
ment and be admitted to the Union on an equal footing with the origi-
nal States", approved June 20, 1910 (36 Stat. 557, 563), which pro-
N. Mex. 
Sales of lands. 
86 
PUBLIC LAW 87-41-MAY 27, 1961 
[75 S T A T , 
Amendment 
of 
State constitution. 
vides that, in the case of the sale by the State of New Mexico of lands 
granted or confirmed to the State by such Act, legal title shall not 
be deemed to have passed until the consideration shall have been paid 
and any sale not made in substantial conformity with the provisions 
of such Act shall be null and void, are hereby waived with respect 
to the following sales by the State of New Mexico of lands which con-
stituted, or constitute, a portion of a tract of land for the sale of 
which a contract had been previously entered into, but only insofar 
as such sales would (but for the enactment of this Act) violate the 
terms and conditions contained in section 10 of such Act because of 
the fact that the full consideration for the entire tract was not, or is 
not, paid prior to the time of the sale of such portion and the issuance 
of the patent therefor: 
(1) Any sale of any such portion, if the patent with respect 
thereto was issued on or before September 4,1956; 
(2) Any sale of any such portion, if the patent with respect 
thereto is issued after September 4, 1956, and if the right to pur-
chase such portion is derived from an assignment, made on or 
before September 4, 1956, under the contract to purchase the 
entire tract; and 
(3) Any sale of any such portion, if the patent with respect 
thereto is issued after September 4, 1956, and if the right to pur-
chase such portion is derived from the contract to purchase the 
entire tract or from a contract entered into in substitution of such 
contract, and if the right or rights to purchase all other portions 
of such tract were, on or before September 4, 1956, assigned or 
relinquished by the person who entered into such contract. 
Consent is hereby given to the State of New Mexico to adopt any 
amendment to the constitution of the State or to enact any laws 
necessary to carry out the purposes hereof. 
Approved May 27, 1961. 
May 27, 1961 
[H. R. 6518] 
Public Law 87-41 
AN ACT 
Making appropriations for the Inter-American Social and Economic Cooperation 
Program and the Chilean Reconstruction and Rehabilitation Program for the 
fiscal year ending June 30,1961, and for other purposes. 
Be it enacted, hy the Senate and House of Representatives 
of the 
so'c^faf md'Eco'^ ^i^ited States of America in Congress assembled^ That the following 
nomic Cooperation sums are appropriated, out of any money in the Treasury not other-
^'Appr^priation. 
"^i^e appropriated, for the Inter-American Social and Economic 
Cooperation Program and the Chilean Reconstruction and Rehabili-
tation Program for the fiscal year ending June 30, 1961, namely: 
FUNDS 
APPROPRIATED 
TO 
THE PRESIDENT 
INTER-AMERICAN 
COOPERATION 
22 u s c 
1943. 
INTER-AMERICAN SOCIAL AND ECONOMIC COOPERATION PROGRAM 
For expenses necessary to carry out the provisions of sections 1 
1942. and 2 of the Act of September 8, 1960 (74 Stat. 869), $500,000,000, to 
remain available until expended: Provided^ That the funds herein 
appropriated shall not be available to be loaned or reloaned at interest 
rates considered to be excessive by the Inter-American Development 
Bank or higher than the legal rate of interest of the country in which 
the loan is made.