An Act to continue the application of the Merchant Marine Act of 1936, as amended, to certain functions relating to fishing vessels transferred to the Secretary of the Interior, and for other purposes.
PL 86-577 (S.2481), enacted 07/05/1960

314 
PUBLIC LAW 86-577-JULY 5, 1960 
[74 S T A T . 
Public Law 86-577 
July 5, 1960 
[S. 2481] 
Fishing vessels. 
Mortgage 
insur-
ance. 
70 Stat. 1119. 
16 U S C 7 4 2a 
note. 
46 u s e 1275. 
AN ACT 
To continue the application of tlie Merchant Marine Act of 1936, as amended, to 
certain functions relating to fishing vessels transferred to the Secretary of the 
Interior, and for other purposes. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That in order to 
permit the efficient execution of functions relating to the issuance of 
Federal ship mortgage insurance on fishing vessels, pursuant to the 
Merchant Marine Act of June 29, 1936, as amended (49 Stat. 1985; 
46 U.S.C., 1952 edition, sec. 1271 and the following), which functions 
relating to fishing vessels have been transferred to the Secretary of 
the Interior pursuant to the Fish and Wildlife Act of 1956, the Sec-
retary of the Interior hereafter may exercise authority comparable to 
the authority of the Secretary of Cfommerce under the said Merchant 
Marine Act of 1936, including, but not limited to, the authority con-
tained in the amendment to such Act of July 15,1958 (72 Stat. 358). 
Approved July 5, 1960. 
July 5, I960 
[S. 3226] 
Housing. 
Mortgage 
insur-
ance. 
70 Stat. 273. 
12 u s e 1748h-l. 
Definitions. 
12 u s e 1748d. 
Public Law 86-578 
AN ACT 
To amend section 809 of the National Housing Act. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 809 of 
the National Housing Act is amended by adding at the end thereof 
the following new subsection: 
"(g) A mortgage secured by property which is intended to provide 
housing for a person employed or assigned to dutjjr at a research or 
development installation of the National Aeronautics and Space Ad-
ministration and which is located at or near such installation, where 
such installation was a research or development installation of one of 
the military departments of the United States (on or after June 13, 
1956) before its transfer to the jurisdiction of such Administration, 
may (if the mortgage otherwise meets the requirements of this sec-
tion) be insured by the Commissioner under the provisions of this 
section. 
The Administrator of the National Aeronautics and Space 
Administration, or his designee, is authorized to guarantee and in-
demnify the Armed Services Housing Mortgage Insurance Fund 
against loss to the extent required by the Commissioner, in accord-
ance with the provisions of subsection (b) of this section, in the case 
of mortgages referred to in this subsection. 
For purposes of this 
subsection, (1) the terms 'Armed Forces', 'one of the military depart-
ments of the United States', 'military department', 'Secretary or his 
designee', and 'Secretary' when used in subsections (a) and (b) of 
this section and the term 'Secretary of the Army, Navy, or Air Force' 
when used in section 805, shall be deemed to refer to the National 
Aeronautics and Space Administration or the Administrator thereof, 
as may be appropriate, (2) the terms 'civilian employee', 'civilians', 
and 'civilian personnel' as used in this section shall be deemed to refer 
to employees of such Administration or a contractor thereof or to 
military personnel assigned to duty at an installation of such Admin-
istration, and (3) the term 'military installation' when used in section 
805 shall be deemed to refer to an installation of such Admiinistra-
tion." 
Approved July 5, 1960.