§§451 to 455. Omitted

Codification

Section 451, act Oct. 13, 1949, ch. 685, §1, 63 Stat. 841 , authorized the Housing and Home Finance Administrator, during the period of two years immediately following Oct. 13, 1951, to make loans and advances to the States and non-Federal public agencies for advance planning on non-Federal public works.

Section 452, act Oct. 13, 1949, ch. 685, §2, 63 Stat. 841 , authorized Housing and Home Finance Administrator to allocate funds appropriated for advance planning among the several States.

Section 453, act Oct. 13, 1949, ch. 685, §3, 63 Stat. 842 , provided that no loan or advance shall be made to any individual project unless such project conforms to an over-all State, local, or regional plan approved by a competent State, local, or regional authority.

Section 454, act Oct. 13, 1949, ch. 685, §4, 63 Stat. 842 , provided that any loans or advances shall be repaid without any interest if and when construction of the public works is undertaken or started, and that repayment shall be on demand of Administrator if construction is not undertaken or started within three years after full amount of loan or advance has been made.

Section 455, act Oct. 13, 1949, ch. 685, §5, 63 Stat. 842 , authorized the Housing and Home Finance Administrator to prescribe rules and regulations to carry out the purposes of sections 451 to 458 of this title.

Revolving Fund

Establishment of revolving fund under which to account for assets and liabilities in connection with loans or advances made pursuant to sections 451 to 458 of this title, see section 1701g–5 of Title 12, Banks and Banking.