Joint resolution to amend the National Housing Act, as amended, and for other purposes
PL 83-438 (S.J.Res.167), enacted 06/29/1954

320 
PUBLIC LAW 438-JUNE 29, 1954 
[68 
S T A T . 
June 29, 1954 
Public Law 438 
CHAPTER 410 
JOINT RESOLUTION 
[S. J. Res. 167] 
r[i^ amend the National Housing Act, as amended, and for other purposes. 
65 Stat. 315; 66 
Stat. 602. 
12 u s e 1716. 
65 Stat. 313. 
12USC1748b(a). 
61 Stat. 
15 use 
206. 
609. 
67 Stat. 230. 
15 u s e 603(a). 
62 Stat. 
IS use 
262. 
609. 
IS u s e 603note. 
IS u s e 603 note. 
Report. 
67 Stat. 
42 use 
64 Stat. 
38 use 
125. 
1591c. 
76. 
6941. 
65 Stat. 317. 
38 u s e 694m. 
66 Stat. 
Post, p. 
64. 
647. 
66 Stat. 604. 
42 u s e 1481. 
66 Stat. 604. 
42 u s e 1482. 
66 Stat. 
42 use 
604. 
1483. 
Resolved 
by the Senate 
and House of Representatives 
of the 
United /States of America in Congress assembled^ That the National 
Housing Act, as amended, is hereby amended— 
(1) by striking "July 1'' in paragraph (1) (G) of section 301 
(a) and inserting "August 1"; and 
(2) by striking "July 1" in section 803 (a) and inserting "July 
31". 
SEC. 2. (a) Section 10 of the Reconstruction Finance Corporation 
Act, as amended, is hereby amended by striking therefrom the words 
"at the expiration of the succession of the Corporation" and inserting 
in lieu thereof the words "by the close of business on June 30, 1954". 
(b) Subsection (a) of section 102 of the Reconstruction Finance 
Corporation Liquidation Act is amended to read as follows: 
"(a) The first sentence of section 3 (a) of the Reconstruction 
Finance Corporation Act, as amended (15 U. S. C. 603 (a)), is 
amended to read: 'The Corporation shall have succession until it is 
dissolved pursuant to the provisions of section 10 of this Act'." 
(c) Section 105 of the Reconstruction Finance Corporation Liqui-
dation Act is amended by striking the words "termination of succes-
sion" wherever they appear therein and inserting in lieu thereof the 
word "dissolution". 
(d) Subsection (a) of section 106 of the Reconstruction Finance 
Corporation Liquidation Act is amended to read as follows: 
" (a) Promptly after June 30,1954, the Administrator of the Recon-
struction Finance Corporation shall make a full report to the 
Congress." 
SEC. 3. Section 104 of the Defense Housing and Community Facili-
ties and Services Act of 1951, as amended, is hereby amended by strik-
ing out "June 30, 1954" and inserting "July 31, 1954". 
SEC. 4. The Servicemen's Readjustment Act of 1944, as amended, 
is hereby amended— 
(1) by striking "June 30" in clause (C) of section 512 (b) and 
inserting "July 31"; 
(2) by striking "June 30" in the first sentence of section 513 
(a) and inserting "July 31"; and 
(3) by striking "June 30" in the first sentence of section 513 
(d) and inserting "July 31". 
SEC. 5. Title V of the Housing Act of 1949, as amended, is hereby 
amended as follows: 
(a) In the first sentence of section 511 immediately following the 
phrase "July 1,1952," strike the word "and", and insert at the end of 
the sentence just before the period a comma and the language "and 
an additional $8,500,000 on and after July 1, 1954". 
(b) In section 512, (i) strike "and 1953" and insert "1953, and 
1954", and (ii) strike "and $2,000,000" and insert "$2,000,000, and 
$170,000". 
(c) In section 513, strike "and $10,000,000 on July 1 of each of the 
years 1950,1951,1952, and 1953" and insert "$10,000,000, and $850,000 
on July 1 of each of the years 1950,1951,1952,1953, and 1954". 
Approved June 29, 1954.