§423. Payments in lieu of taxes from receipts from projects

Such payments in lieu of taxes, and any other expenditures for operation and maintenance (including insurance) of any low-cost housing or slum-clearance project described in section 421 of this title, shall be made out of the receipts derived from the operation of such projects. To provide for such payments and expenditures the Administrator of General Services is authorized from time to time to retain out of such receipts such sums as he may estimate to be necessary for such purposes.

(June 29, 1936, ch. 860, §3, 49 Stat. 2026 ; 1939 Reorg. Plan No. I, §§301, 305, eff. July 1, 1939, 4 F.R. 2729, 53 Stat. 1426, 1428; Ex. Ord. No. 9357, eff. June 30, 1943, 8 F.R. 9041; June 30, 1949, ch. 288, title I, §103(a), 63 Stat. 380 .)

Transfer of Functions

Functions of Federal Works Agency and of all agencies thereof, together with functions of Federal Works Administrator transferred to Administrator of General Services by section 103(a) of act June 30, 1949, which is classified to section 753(a) of this title. Federal Works Agency and office of Federal Works Administrator abolished by section 103(b) of act June 30, 1949.

Federal Emergency Administration of Public Works consolidated into Federal Works Agency to be administered as Public Works Administration by Reorg. Plan No. 1 of 1939. Functions of Public Works Administration and Commissioner of Public Works in Federal Works Agency transferred to Federal Works Administrator by Ex. Ord. No. 9357.

Effective Date of Transfer of Functions

Transfer of functions by act June 30, 1949, effective July 1, 1949, see section 605 of act June 30, 1949, set out as an Effective Date note under section 471 of this title.