gations as may be placed in trust with such Association in accordance with section 302(c) of the Federal National Mortgage Association Charter Act, as amended, for the account of the Department of Housing and Urban Development (including the Federal National Mortgage Association) not to exceed $2,385,000,000 in addition to amounts heretofore authorized in not to exceed the following principal amounts: Public facility loan fund, $80,000,000; College housing loan fund, $1,600,000,000; Housing for the elderly or handicapped fund, $100,000,000; FNMA special assistance functions, $250,000,000; and FNMÁ management and liquidation functions, $355,000,000: Provided, That the foregoing authorizations shall remain available until June 30, 1969. PAYMENT OF PARTICIPATION SALES INSUFFICIENCIES For the payment of such insufficiencies as may be required by the trustee on account of outstanding beneficial interests or participations authorized by this Act to be issued pursuant to section 302 (c) of the Federal National Mortgage Association Charter Act, as amended, not to exceed $23,000,000. Approved November 3, 1967. EXCERPTS FROM DEPARTMENTS OF LABOR, AND HEALTH, TITLE II-DEPARTMENT OF HEALTH, EDUCATION, AND PARTICIPATION SALES AUTHORIZATIONS The Federal National Mortgage Association, as trustee, is hereby authorized to issue beneficial interests or participations in such assets from loans made by the Commissioner of Education for construction of academic facilities as may be placed in trust with such Association in accordance with section 302 (c) of the Federal National Mortgage Association Charter Act, as amended, in an aggregate principal amount of not to exceed $100,000,000, in addition to amounts heretofore authorized: Provided, That the foregoing authorization shall remain available until June 30, 1969. PAYMENT OF PARTICIPATION SALES INSUFFICIENCIES For the payment of such insufficiencies as may be required by the trustee on account of outstanding beneficial interests or participations in assets of the Office of Education authorized by this Act to be issued pursuant to section 302 (c) of the Federal National Mortgage Association Charter Act, as amended, $925,000. * PARTICIPATION SALES AUTHORIZATION The Federal National Mortgage Association, as trustee, is hereby authorized to issue beneficial interests or participations in such loan assets of the Health Professions Education Fund and the Nurse Training Fund as may be placed in trust with such association in accordance with section 302 (c) of the Federal National Mortgage Association Charter Act, as amended, in an aggregate principal amount of not to exceed $15,000,000: Provided, That this authorization shall remain available until June 30, 1969. PAYMENT OF SALES INSUFFICIENCIES For the payment of such insufficiencies as may be required by the trustee on account of outstanding beneficial interests or participations in assets of the Public Health Service in Health Professions Education Fund assets or Nurse Training Fund assets, authorized by this act to be issued pursuant to said section 302 (c), $250,000. * Approved November 8, 1967. EXCERPTS FROM DEPARTMENTS OF STATE, JUSTICE, AND COMMERCE, THE JUDICIARY, AND RELATED AGENCIES APPROPRIATION ACT, 1968 PARTICIPATION SALES AUTHORIZATION The Federal National Mortgage Association, as trustee, is hereby authorized to issue beneficial interests or participations in such obligations as may be placed in trust with such Association in accordance with section 302 (c) of the Federal National Mortgage Association Charter Act, as amended, for the account of the Small Business Administration, in an aggregate principal amount of not to exceed $150.000,000, in addition to amounts heretofore authorized: Provided, That this authorization shall remain available until June 30, 1969. PAYMENT OF PARTICIPATION SALES INSUFFICIENCIES To enable the Small Business Administration to pay the Federal National Mortgage Association, as trustee, such insufficiencies as may be required by the trustee on account of such outstanding beneficial interests or participations in obligations of the Small Business Administration, as may be authorized by this Act to be issued pursuant to section 302 (c) of the Federal National Mortgage Association Charter Act, as amended, not to exceed $1,350,000. * Approved November 8, 1967. EXCERPT FROM DEPARTMENTS OF LABOR AND HEALTH, * PAYMENT OF SALES INSUFFICIENCIES AND INTEREST LOSSES For the payment of such insufficiencies as may be required by the trustee on account of outstanding beneficial interest or participations in the Health Professions Education Fund assets or Nurse Training Fund assets, authorized by the Department of Health, Education, and Welfare Appropriation Act, 1968, to be issued pursuant to section 302 (c) of the Federal National Mortgage Association Charter Act, $164,000, and for payment of amounts pursuant to section 744(b) or 827(b) of the Public Health Service Act to schools which borrow any sums from the Health Professions Education Fund or Nurse Training Fund, $3,836,000: Provided, That the amounts appropriated herein shall remain available until expended. * HIGHER EDUCATION FACILITIES LOAN AND INSURANCE FUND For the payment of such insufficiencies as may be required by the trustee on account of outstanding beneficial interest or participations in assets of the Office of Education authorized by the Department of Health, Education, and Welfare Appropriation Act, 1968, to be issued pursuant to section 302 (c) of the Federal National Mortgage Association Charter Act (12 U.S.C. 1717 (c)), $2,119,000, to remain available until expended, and the Secretary is hereby authorized to make such expenditures, within the limits of funds available in the Higher Education Facilities Loan and Insurance Fund, and in accord with law, and to make such contracts and commitments without regard to fiscal year limitation as provided by section 104 of the Government Corporation Control Act (31 U.S.C. 849) as may be necessary in carrying out the program set forth in the budget for the current fiscal year for such fund. * Approved September 30, 1976. * EXCERPT FROM EMERGENCY HOME FINANCE ACT OF 1970 [Public Law 91-351, 84 Stat. 450] EMERGENCY RELIEF FROM INTEREST RATE CONFLICT BETWEEN FEDERAL LAW AND STATE LAW SEC. 702. Notwithstanding any other law, from the date of enactment of this title until July 1, 1972, loans to local public agencies under title I of the Housing Act of 1949 and to local public housing agencies under the United States Housing Act of 1937 may, when determined by the Secretary of Housing and Urban Development to be necessary because of interest rate limitations of State laws, bear interest at a rate less than the applicable going Federal rate but not less than 6 per centum per annum. Approved July 24, 1970. |