An Act to amend the act of September 7, 1957, relating to aircraft loan guarantees
PL 87-820 (H.R.10129), enacted 10/15/1962

936 
October 15, 1962 
[H. R. 10129] 
Aircraft loan 
guarantees. 
49 u s e 1324 
note. 
42 Stat. 20. 
31 use 1. 
72 Stat. 769. 
71 Stat. 629. 
49 u s e 1324 
note. 
Orders, etc., 
effective until 
terminated. 
PUBLIC LAW 87-820 -OCT. 15, 1962 
[76 STAT. 
Public Law 87-820 
AN ACT 
To amend the Act of September 7, 1957, relating to aircraft loan guarantees. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That subsection (a) 
of section 2 of the Act of September 7, 1957 (Public Law 85-307; 71 
Stat. 629), is amended to read as follows: 
"(a) 'Secretary' means the Secretary of Commerce." 
SEC. 2. Section 3 of such Act of September 7, 1957, is amended— 
(1) by striking out "Board" the first place it appears in the 
first sentence of such section 3 and inserting in lieu thereof 
"Secretary"; 
(2) by inserting "Civil Aeronautics" immediately preceding 
"Board" the second place it appears in such first sentence; 
(3) by striking out the term "LTnited States" each place it 
appears in clause (c) of such first sentence and inserting in lieu 
thereof in each such place "forty-eight contiguous States"; and 
(4) by striking out "Board" where it appears in the second 
sentence of such section 3 and inserting in lieu thereof "Secre-
tary". 
SEC. 3. Section 4 of such Act of September 7, 1957, is amended— 
(1) by striking out "$5,000,000" in subsection (d) and inserting 
in lieu thereof "$10,000,000"; and 
(2) by striking out "Board" in subsections (e) and (f) and 
inserting in lieu thereof in each of such subsections "Secretary". 
SEC. 4. Section 5 of such Act of September 7, 1957, is amended by 
striking out "Board" and inserting in lieu thereof "Secretary". 
SEC. 5. (a) Subsection (a) of section 6 of such Act of September 
7,1957, is amended— 
(1) by striking out "it" the first place it appears therein and 
inserting in lieu thereof "him"; 
(2) by striking out "it" the second place it appears therein 
and inserting in lieu thereof "he"; and 
(3) by striking out "Board" and inserting in lieu thereof 
"Secretary". 
(b) Section 6 of such Act of September 7, 1957, is amended by 
adding at the end thereof the following new subsection: 
"(c) The Secretary shall make available to the Comptroller Gen-
eral of the United States such information with respect to the loan 
guaranty program under this Act as the Comptroller General may 
require to carry out his duties under the Budget and Accounting Act, 
1921." 
SEC. 6. Section 7 of such Act of September 7, 1957, is amended by 
striking out "Board" in subsections (b) and (c) and inserting in lieu 
thereof in each of such subsections "Department of Commerce". 
SEC. 7. Section 8 of such Act of September 7, 1957, is amended by 
striking out "five" and inserting in lieu thereof "ten". 
SEC. 8. Section 410 of the Federal Aviation Act of 1958 (49 U.S.C. 
1380), is amended by adding at the end thereof the following new 
sentence: "The provisions of this section shall not be applicable to the 
guaranty of loans by the Secretary of Commerce under the provisions 
of such Act of September 7, 1957, as amended, but the Secretary of 
Commerce shall consult with and consider the views and recommenda-
tions of the Board in making such guaranties." 
SEC. 9. (a) All orders, determinations, rules, regulations, permis-
sions, approvals, agreements, rulings, directives, and privileges which 
have been issued, made, or granted, or allowed to become effective, by 
76 STAT.] 
PUBLIC LAW 87-820-OCT. 15, 1962 
937 
the Civil Aeronautics Board, or any court of competent jurisdiction, 
under any provision of law amended by this Act, or in the exercise of 
duties, powers, or functions which, under this Act, are vested in the 
Secretary of Commerce, and which are in effect on the date of enact-
ment of this Act shall continue in effect according to their terms until 
modified, terminated, superseded, set aside, or repealed by the Secre-
tary of Commerce or by any court of competent jurisdiction, or by 
operation of law. 
(b) The provisions of this Act shall not affect any proceedings pend-
ing before the Civil Aeronautics Board on the date of enactment of this 
Act; but any such proceedings shall be continued before the Secretary 
of Commerce, orders issued therein, and payments made pursuant to 
such orders, as if this Act had not been enacted; and orders issued in 
any such proceedings shall continue in effect until modified, ter-
minated, superseded, or repealed by the Secretarj' of Commerce, or 
by operation of law. 
(c) The provisions of this Act shall not affect suits commenced 
prior to the date of its enactment; and all such suits shall be continued 
by the Secretary of Commerce, proceedings therein had, appeals 
therein taken, and judgments therein rendered, in the same manner 
and with the same effect as if this Act had not been enacted. No suit, 
action, or other proceeding lawfully commenced by or against the 
Civil Aeronautics Board or officer of the United States, in relation to 
the discharge of official duties, shall abate by reason of any transfer of 
authority, power, or duties from the Board or officer to the Secretary 
of Commerce under the provisions of this Act, but the court upon a 
motion or a supplemental petition filed at any time within twelve 
months after such transfer, showing the necessity for a survival of 
such suit, action, or other proceeding to obtain a settlement of the 
questions involved, may allow the same to be maintained by or against 
the Secretary of Commerce. 
SEC. 10. (a) The officers, employees, and property (including office 
equipment and official jjecords) of the Civil Aeronautics Board which 
the Bureau of the Budget, after consultation with the Board, shall 
determine to have been employed by the Board in the exercise and 
P
erformance of those powers and duties vested in and imposed upon it 
y the Act of September 7,1957 (71 Stat. 629), as in effect on the day 
before the date of enactment of this Act, and which are vested by this 
Act in the Secretary of Commerce, shall be transferred to the Depart-
ment of Commerce upon such date or dates as the Bureau of the 
Budget shall specify. 
The transfer of personnel under this section 
shall be without reduction in classification or compensation, except 
that this requirement shall not operate after the end of the fiscal year 
during which such transfer is made to prevent the adjustment of 
classification or compensation to conform to the duties to which such 
transferred personnel may be assigned. 
(b) All records transferred to the Secretary of Commerce under 
this Act shall be available for use by him to the same extent as if 
such records were originally records of the Secretary. 
Approved October 15, 1962. 
Prior suits 
not affected. 
Transfer of 
personnel and 
equipment. 
49 u s e 1324 
note. 
Records, avail-
ability to Secre-
tary of Commerce.