annual income of each family (1) $100 for each member of the family other than the head of the family and his spouse and (2) not to exceed $600 of the total income of all family members other than the principal income recipient: Provided, That in determining eligibility only there may be exempted all or any part of amounts paid by the United States Government for disability or death occurring in connection with military service, and in determining eligibility for continued occupancy only there may be exempted all or any part of the income of minor members of the family, other than the head or spouse.”

(b) The fourth sentence of section 502 (b) of the Housing Act of 1948 is hereby repealed.

SEC. 402. Section 10 (i) of the United States Housing Act of 1937 is hereby amended by striking out the word "two" in the first proviso and inserting in lieu thereof "three".

SEC. 403. (a) Section 12 (c) of such Act is hereby amended by striking out the word "only" in the first sentence, and by striking out the last sentence.

(b) Section 13 (e) of such Act is hereby amended by striking out "(except low-rent housing projects, the disposition of which is governed elsewhere in this Act)" in the first sentence.

TITLE V-COLLEGE HOUSING

SEC. 501. Section 401 (a) of the Housing Act of 1950 is hereby amended by striking out "equally as favorable as the terms and conditions applicable to loans under this title" and inserting in lieu thereof "which the Administrator determines to be reasonable and consistent with the purposes of this title".

SEC. 502. Section 401 (c) of such Act is hereby amended to read as follows: “(c) A loan to an educational institution may be in an amount not exceeding the total development cost of the facility, as determined by the Administrator, and shall be secured in such manner and repaid within such period, not exceeding fifty years, as may be determined by him; and with respect to applications filed after March 4, 1958, the loans shall bear interest at a rate equal to the total of one-fourth of 1 per centum per annum plus the rate chargeable by the Secretary of the Treasury under the second sentence of subsection (e) of this section." SEC. 503. Section 401 (d) of such Act is hereby amended by striking out "$925,000,000" and inserting in lieu thereof "$1,125,000,000."

SEC. 504. The second sentence of section 401 (e) of such Act is hereby amended to read as follows: "Such notes or other cbligations issued to obtain funds in excess of the aggregate amount required with respect to applications filed on or before March 4, 1958, shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average market yields on outstanding marketable obligations of the United States having maturities comparable to the loans made by the Administrator under this title, which rate shall be adjusted to the nearest one-eighth of 1 per centum."

SEC. 505. Section 401 (f) of such Act is hereby amended to read as follows: (f) There are hereby authorized to be appropriated to the Administrator such sums as may be necessary to carry out the purposes of this title."

SEC. 506. Section 402 (c) of the Housing Act of 1950 is hereby amended by inserting "or guaranteed" after "made" in the first sentence of paragraph (4) thereof.

SEC. 507. Such Act is hereby amended by adding to section 402 thereof a new subsection (e) as follows:

"(e) The provisions of section 309 of the Independent Offices Appropriation Act, 1950 (Public Law 81-266, 63 Stat. 662), which are applicable to corporations or agencies subject to the Government Corporation Control Act, shall also be applicable to the activities of the Administrator under this tife

SEC. 508. Section 404 of such Act is hereby amended by adding at the end thereof the following new subsection :

"(i) 'Bonds' shall mean any bonds, notes, interim certificates, certificates of indebtedness, debentures or other obligations."

SEC. 509. Such Act is hereby amended by adding at the end thereof the following new section:

"GUARANTY CONTRACTS

"SEC. 405. (a) In addition to his other authority under this title, the Administrator may enter into a contract, to be known as a Debt Service Guaranty Contract, pursuant to which the Administrator may guarantee the payment of the principal of and interest on the bonds of an educational institution, if the

income from such bonds is subject to Federal taxation and the bonds are to be issued and sold to investors other than the United States in financing housing or other educational facilities, as defined in section 404. The Debt Service Guaranty Contract shall obligate the Administrator, so long as such bonds are outstanding, to pay to a trustee under an indenture securing the bonds, such amounts which, when added to the moneys available from the revenues or funds pledged by such institution as security for the bonds (including all reserve funds therefor), may be needed to make the payments due on the bonds. The aggregate principal amount of such guaranteed bonds outstanding at any one time shall not exceed $100,000,000.

"(b) (1) For the purposes of this section the Administrator is authorized to establish a Fund to be known as the College Housing Guaranty Fund.

"(2) All fees received in connection with guaranties issued under this section, all funds borrowed from the Secretary of the Treasury pursuant to subsection (d), all earnings on the assets of the College Housing Guaranty Fund, all appropriations for carrying out functions under this section, and all other receipts of the Administrator in connection with the performance of his functions under this section, shall be deposited in the Fund. All payments to trustees under subsection (a), repayments to the Secretary of the Treasury of sums borrowed from him pursuant to subsection (d) and all administrative expenses and any other expenses of the Administrator in connection with the performance of his functions under this section shall be paid from the College Housing Guaranty Fund. Moneys in the Fund may be invested in obligations of the United States or in obligations guaranteed as to principal and interest by the United States, or in obligations eligible for investment of public funds. Such obligations may be sold and the proceeds derived therefrom may be reinvested, as herein provided, if deemed advisable by the Administrator. Income from such investment or reinvestment shall be deposited in the Fund.

"(c) The Administrator is authorized to charge and collect a fee, as a consideration for the Government's guaranty of the loan, to cover administrative and other expenses in carrying out his functions under this section and to establish a reserve for losses. Such fee may be included in the amount of the bonds guaranteed.

"(d) To carry out the purpose of this section the Administrator is authorized to issue to the Secretary of the Treasury from time to time notes or other obligations for purchase by the Secretary of the Treasury in amounts sufficient, together with any funds in the College Housing Guaranty Fund, to make payments of principal and interest on all bonds guaranteed under this section in accordance with the Debt Service Guaranty Contract. In the issuance of such notes or other obligations, the Administrator and the Secretary of the Treasury shall be governed by the provisions of, and exercise the authorities granted them respectively by, section 401 (e), it being the intention hereof to make the provisions and authorities of said section 401 (e) applicable to the notes or other obligations authorized and issued pursuant to this section.

"(e) The provisions of paragraph (b) of section 402 shall be inapplicable to funds made available to the Administrator in carrying out his functions under this section."

TITLE VI-MISCELLANEOUS

SURVEYS OF PUBLIC WORKS PLANNING

SEC. 601. Section 702 of the Housing Act of 1954 is amended by adding the following new subsection:

"(f) The Administrator is authorized to use during any fiscal year not to exceed $50,000 of the moneys in the revolving fund (established under subsection (e)) to conduct surveys of the status and current volume of State and local public works planning and surveys of estimated requirements for State and local public works: Provided, That the Administrator, in conducting any such survey, may utilize or act through any Federal department or agency with its consent."

[S. 3484, 85th Cong., 2d sess.]

A BILL To amend section 404 of the Housing Amendments of 1955

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the first sentence of section 404 (a) of the Housing Amendments of 1955 is amended to read as follows: "Whenever the

Secretary of Defense or his designee deems it necessary for the purpose of this title, he may acquire by purchase, donation, condemnation, or other means of transfer, any land or (with the approval of the Federal Housing Commissioner) (1) any housing financed with mortgages insured under title VIII of the National Housing Act as in effect prior to August 11, 1955, or (2) any housing situated adjacent to a military installation which was (A) completed prior to July 1, 1952; (B) certified by the Department of Defense, prior to construction, as being necessary to meet an existing military family housing need and considered as military housing by the Federal Housing Commissioner, and (C) financed with mortgages insured under section 207 of the National Housing Act."

SEC. 2. Section 404 (b) of the Housing Amendments of 1955 is amended by striking out "constructed under the mortgage insurance provisions of title VIII of the National Housing Act (as in effect prior to the enactment of the Housing Amendments of 1955)", and inserting in lieu thereof the following: "described in clause (1) or (2) of subsection (a) of this section."

[S. 3548, 85th Cong., 2d sess.]

A BILL To authorize additional funds for urban renewal projects under title I of the Housing Act of 1949, and for other purposes

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 103 of the Housing Act of 1949 is amended by striking out "$900,000,000, which limit shall be increased by $350,000,000 on the date of enactment of the Housing Act of 1957: Provided" and inserting in lieu thereof the following: "$1,250,000,000: Provided, That such limit shall be increased by $500,000,000 on the effective date of this proviso: Provided further".

SEC. 2. The Urban Renewal Commissioner shall take such action as may be necessary to expedite the processing of applications of local public agencies for assistance under title I of the Housing Act of 1949, and for that purpose such additional personnel may be employed, in accordance with the civil service laws and Classification Act of 1949, as may be required to carry out the accelerated program contemplated by this Act.

[S. 3713, 85th Cong., 2d sess.]

A BILL To amend title IV of the Housing Act of 1950 (college housing) to authorize loans to educational institutions for the construction, rehabilitation, alteration, conversion, and improvement of classroom buildings and other academic facilities

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That title IV of the Housing Act of 1950 is amended by adding at the end thereof a new section as follows:

"LOANS FOR CLASSROOM BUILDINGS AND OTHER ACADEMIC FACILITIES

"SEC. 405. (a) In addition to the other purposes for which financial assistance may be extended under this title, the Administrator may make loans to educational institutions for (1) the construction of new structures suitable for use as classrooms, laboratories, and related facilities (including initial equipment, machinery, and utilities) necessary or appropriate for the instruction of students or the administration of the institution, and (2) the rehabilitation, alteration, conversion, or improvement of existing structures for the uses described above if such structures are otherwise inadequate for such uses. As used in this section, the term 'educational institutional' means any educational institution offering at least a two-year program acceptable for full credit toward a baccalaureate degree, including any public educational institution, or any private educational institution no part of the net earnings of which inures to the benefit of any private shareholder or individual.

"(b) Any educational institution which, prior to the effective date of this section, has contracted for the construction, rehabilitation, alteration, conversion, or improvement of any structures for the uses described in subsection (a) above may, in connection therewith, receive loans authorized by this section, as the Administrator may determine, but no such loan shall be made in connection with the construction, rehabilitation, alteration, conversion, or improvement of

any such structure if the work thereon was commenced prior to the effective date of this section, or was completed prior to the filing of an application under this section."

SEC. 2. Title IV of the Housing Act of 1950 is further amended by—

(1) striking out "HOUSING" in the heading of such title and inserting in lieu thereof "LOANS";

(2) striking out FEDERAL" in the heading of section 401 and inserting in lieu thereof "COLLEGI HOUSING";

(3) inserting after "loan" in clause (1) of the first proviso to section 401 (a) the following: "(including any loan under section 405 of this title)";

(4) striking out "A loan to an educational institution may be in an amount not exceeding the total development cost of the facility, as determined by the Administrator" in section 401 (c) and inserting in lieu thereof the following: "A loan under this section to an educational institution may be in an amount not exceeding the total development cost of the facility, as determined by the Administrator, and a loan under section 405 of this title to an educational institution may be in an amount not exceeding the cost of construction of the structures involved (including related facilities), and the land on which the structures are located, as determined by the Administrator";

(5) inserting "(1)" immediately before the text of subsection (d) of section 401, by striking out "under this title" in such subsection (d) and inserting in lieu thereof "under subsection (a) of this section", and by adding at the end of such subsection (d) a new paragraph as follows:

"(2) In addition to the notes and other obligations authorized in paragraph (1) of this subsection, the Administrator may issue to the Secretary, from time to time and have outstanding at any one time, in an amount not exceeding $250,000,000, notes and other obligations for the purpose of carrying out the provisions of section 405 of this title."; and

(6) inserting after "For the purposes of this title," in section 404 the following: "except as otherwise provided in section 405,".

[S. 3717, 85th Cong., 2d sess.]

A BILL To amend the Housing Act of 1954 with respect to urban planning for groups of adjacent communities

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 701 of the Housing Act of 1954 is amended by striking out the language after the parenthetical clause and inserting in lieu thereof the following: "to (1) cities and other municipalities having a population of less than 25,000 according to the latest decennial census, and (2) to any group of adjacent communities, either incorporated or unincorporated, having a total population of less than 25,000 according to the latest decennial census and having common or related urban planning problems resulting from rapid urbanization."

[S. 3781, 85th Cong., 2d sess.]

A BILL To extend and amend the laws relating to urban renewal and low-rent housing Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

TITLE I-URBAN RENEWAL

SEC. 101. (a) The first sentence of section 103 (b) of the Housing Act of 1949 is amended to read as follows: "The Administrator, on and after July 1. 1949, may, with the approval of the President, contract to make capital grants, with respect to projects assisted under this title, and to make grants pursuant to subsection (c) of this section, aggregating not to exceed $1.250,000,000, which limit shall be increased by $500,000,000 on July 1 in each of the years 1958 through 1967; except that any such authorized increase may be increased by additional amounts aggregating not more than $100,000,000 in any fiscal year upon a determination by the Administrator, with the approval of the President, that such additional amounts are necessary to carry out the

urban renewal objectives of this title: Provided, That the amount of capital grants contracted for under this title prior to July 1, 1968, shall not exceed an aggregate of $6,250,000,000."

(b) Section 103 (b) of such Act is amended by adding at the end thereof a new paragraph as follows:

"Notwithstanding the provisions of this or any other Act, the Administrator shall, upon application by local public agencies, make reservations of capital grants (in advance of the dates on which the authorization to make contracts for such capital grants becomes available pursuant to this subsection) which thereafter may be contracted for by such local public agencies as the aggregate amount of contracts to make capital grants with respect to projects assisted under this title is increased as provided for in this subsection, and may make advances pursuant to subsection (d) of section 102 of this title, for any project or projects to be carried out by such local public agencies with the capital grants so reserved to be contracted for by such local public agencies: Provided, That the amount of capital grants so reserved together with the amount of capital grants contracted for and the amount of all grants reserved or contracted for pursuant to subsection (c) of this section shall not exceed at any time the aggregate amount of capital grants and grants authorized by this subsection to be contracted for on July 1, 1967: Provided further, That anything in this paragraph to the contrary notwithstanding, the Administrator may from time to time reserve from the amount of the authorization to make capital grants and grants as shall be available at any time, and such amounts of such authorization as it still to become available, as he deems necessary to provide for reasonable reserve for overruns and contingencies."

(c) Section 103 of such Act is further amended by adding at the end thereof a new subsection as follows:

"(c) The Administrator may contract to make grants for the preparation or completion of community renewal programs, which may include, without being limited to, (i) the identification of slum areas or blighted, deteriorated, or deteriorating areas in the community, (ii) the measurement of the nature and degree of blight and blighting factors within such areas, (iii) determination of the financial, relocation, and other resources needed and available to renew such areas, (iv) the identification of potential project areas and, where feasible, types of urban renewal action contemplated within such areas, and (v) scheduling or programing of urban renewal activities. Such programs shall conform, in the determination of the governing body of the locality, to the general plan of the locality as a whole. The Administrator may establish reasonable requirements respecting the scope and content of such programs. No contract for a grant pursuant to this subsection shall be made unless the governing body of the locality involved has approved the undertaking of the surveys and plans or the preparation or completion of the community renewal program, and the submission by the local public agency of an application for such a grant. Notwithstanding section 110 (h) or the use in any other provision of this title of the term local public agency' or 'local public agencies' the Administrator (i) may make advances pursuant to subsection (d) of section 102 hereof for surveys and plans for an urban renewal project, to a single local public body which has the authority to undertake and carry out a substantial portion, as determined by the Administrator, of the surveys and plans or of the contemplated project: Provided, That the application for such advance shows, to the satisfaction of the Administrator, that the filing thereof has been approved by the public body or bodies authorized to undertake those portions of the surveys and plans or of the project which the applicant is not authorized to undertake, and (ii) may make grants pursuant to this subsection for the preparation or completion of a community renewal program, to a single local public body authorized to perform the planning work necessary to such preparation or completion. No grant made pursuant to this subsection shall exceed two-thirds of the cost (as such cost is determined or estimated by the Administrator) of the surveys and plans or of the preparation or completion of the community renewal program for which such grant is made."

SEC. 102. (a) Section 105 (a) of the Housing Act of 1949 is amended to read as follows:

"(a) The governing body of the locality in which the project is situated shall have approved the project and determined that the financial aid to be provided in the contract for loan or capital grant is necessary to enable the project to be undertaken;".

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