Atomic Energy To facilitate the establishment of local self-government at the communities of Oak Ridge, Tennessee, and Richland, Washington, and to provide for the disposal of federally owned properties of such communities. Be it enacted by the Senate and House of Representatives of the Community Act United States of America in Congress assembled, That this Act may be cited as the "Atomic Energy Community Act of 1955". of 1955. SEC. 21. DEFINITIONS.-The intent of Congress in the definitions as given in this section should be construed from the words or phrases used in the definitions. As used in this Act a. The term "Commission" means the Atomic Energy Commission. b. The term "community" means that area at (1) Oak Ridge, Tennessee, designated on a map on file at the principal office of the Commission, entitled "Minimum Geographic Area, Oak Ridge, Tennessee", bearing the legend "Boundary Line, Minimum Georgraphic Area, Oak Ridge, Tennessee” and marked "Approved, 21 April 1955, K. D. Nichols, General Manager"; or (2) Richland, Washington, designated on a map on file at the principal office of the Commission, entitled "Minimum Geographic Area, Richland, Washington", bearing the legend "Boundary Line, Minimum Geographic Area, Richland, Washington" and marked "Approval, 21 April 1955, K. D. Nichols, General Manager." * e. The term "mortgage" shall include deeds of trust and such other classes of lien as are given to secure advances on, or the unpaid purchase price of real estate under the laws of the State in which the real estate is located. CHAPTER 3. LOTS, APPRAISALS, AND PRICES SEC. 31. LOTS.-The Commission is authorized to plat each community immediately upon passage of this Act, or immediately upon the inclusion of the community within the provisions of this Act. The Commission may establish lot boundaries, and realine, divide, or enlarge existing tracts as it deems appropriate. SEC. 32. APPRAISALS.-The Commission shall proceed to secure appraisals of all property at the community which is to be sold pursuant to this Act. The appraisals shall be made by the Federal Housing Commissioner or his designee. The Commission shall reimburse the Federal Housing Commissioner for the cost of such appraisals. Appraisals made under this section shall be the appraisals on which the Federal Housing Commissioner may insure any mortgage or loan under the National Housing Act until such time as he finds that the appraisal values generally in the community no longer represent the fair market values of the properties. SEC. 33. BASIS OF APPRAISAL.-Except for lots sold pursuant to the provisions of section 57a., the appraised value shall be the current fair market value of the Government's interest in the property. * CHAPTER 6. FINANCING * SEC. 62. COMMISSION FINANCING. a. In the event that the Commission finds that financing on reasonable terms is not available from other sources, the Commission may, in order to facilitate the sale of residential property under chapter 5 of this Act, accept, in partial payment of the purchase price of any house, apartment building, or dormitory notes secured by first mortgages on such terms and conditions as the Commission shall deem appropriate. In the case of houses and apartment buildings, the maturity and percentage of appraised value in connection with such notes and mortgages shall not exceed those prescribed under section 223 (a) of the National Housing Act, as amended, and the interest rate shall equal the interest rate plus the premium being charged (and any periodic service charge being authorized by the Federal Housing Commissioner for properties of similar character) under section 223 (a) of the National Housing Act, as amended, at the effective date of such notes and mortgages. SEC. 112. QUALIFICATION TO PURCHASE.-No officer or employee of the Commission or of any other Federal agency (including officers and members of the Armed Forces) shall be disqualified from purchasing any property or exercising any right or privilege under this Act, but no such officer or employee shall make any determination as to his own eligibility or priority, or as to valuation, price, or terms of sale and financing of property sold to him. * * * 68 Stat. 605. 12 USC 1715n. AMENDMENT TO NATIONAL HOUSING ACT SEC. 201. Section 223 (a) of the National Housing Act, as amended, is further amended as follows: (a) After paragraph (3) thereof there is added the following new paragraph: "14) executed in connection with the sale by the Government, or any agency or official thereof, of any housing (including any property acquired, held, or constructed in connection therewith or to serve the inhabitants thereof) pursuant to the Atomic Energy Community Act of 1955, as amended: Provided, That such insurance shall be issued without regard to any preferences or priorities except those prescribed by the Atomic Energy Community Act of 1955, as amended; or". (b) The paragraph numbered (4) is renumbered (5). (c) The paragraph numbered (5) is renumbered (6) and is revised to read as follows: "(6) executed in connection with the first resale, within two years from the date of its acquisition from the Government, of any portion of a project or property of the character described in paragraphs (1), (2), (3), and (4) above; or". (d) The paragraph numbered (6) is renumbered (7) and the last proviso therein is amended by striking "(4) or (5)" and inserting (4), (5), or (6)" and by striking “(3), or (5)" and inserting "(3), (4), or (6)". * * * * * 68 Stat. 605. 12 USC 1715n. Approved August 4, 1955. 332419 0-56 -15 146 FEDERAL HOUSING ADMINISTRATION [EXTRACTS FROM] [PUBLIC LAW 345-84TH CONGRESS] [S. 2126] Housing Amendments of 1955. Ante, p. 225. 48 Stat. 1250. 12 USC 1710. 12 USC 1713. 68 Stat. 596, 599. 12 USC 1715e. 1715k, 17157. All 69 Stat. 635. To extend and clarify laws relating to the provision and improvement of housing the elimination and prevention of slums, the conservation and development of urban communities, the financing of vitally needed public works, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Housing Amendments of 1955." TITLE I-GENERAL HOUSING AMENDMENTS HOME IMPROVEMENT LOANS SEC. 101. Section 2 (a) of the National Housing Act, as amended, is hereby amended by striking "August 1, 1955" and inserting "September 30, 1956". MORTGAGE INSURANCE SEC. 102. (a) Section 204 (f) of said Act, as amended, is hereby amended by adding the following paragraph at the end thereof: "Notwithstanding any other provisions of this section, the Commissioner is authorized, with respect to mortgages insured pursuant to commitments for insurance issued after the date of enactment of the Housing Amendments of 1955, and, with the consent of the mortgagee or mortgagor, as the case may be, with respect to mortgages insured pursuant to commitments issued prior to such date, to effect the settlement of certificates of claim and refunds to mortgagors at any time after the sale or transfer of title to the property conveyed to the Commissioner under this section and without awaiting the final liquidation of such property for the purpose of determining the net amount to be realized therefrom." (b) Section 207 of said Act, as amended, is hereby amended as follows: (1) In subsection (a) (1) (B), after the words "residential use", insert "or upon which there is located or to be constructed facilities for trailer coach mobile dwellings"; (2) In subsection (a) (6), before the period, insert the following: "or space in a trailer court or park properly arranged and equipped to accommodate trailer coach mobile dwellings": (3) In the first proviso of subsection (c) (2), after the words "of this section", insert "or a mortgage on a trailer court or park"; (4) Before the colon immediately preceding the proviso in subsection (c) (3), insert "or not to exceed $1,000 per space or $300,000 per mortgage for trailer courts or parks"; and (5) In the last sentence of subsection (c), after the word "project", insert "may include eight or more family units and". (c) Sections 207 (c) (1), 213 (b) (1), 213 (c), 220 (d) (3) (B), and 221 (d) (3) of said Act, as amended, are hereby amended by striking out "$5,000,000" and inserting in lieu thereof $12,500,000". (d) Section 213 (b) (2) of said Act, as amended, is amended by striking out "the estimated value" both times it appear and inserting in lieu thereof "the amount which the Commissioner estimates will be the replacement cost”. (e) Section 213 of said Act, as amended, is hereby amended by adding, in the last sentence of subsection (d), after the words "subsection (a) of this section", the words "may include eight or more family units and". APPENDIX TO NATIONAL HOUSING ACT (f) Section 217 of said Act, as amended, is hereby amended by striking "July 1, 1954" and inserting "July 1, 1955", and by striking "$3,500,000,000" and inserting "$4,000,000,000". (g) Section 220 (d) (3) of such Act, as amended, is amended as follows: (1) In subparagraph (A) by striking out "the appraised value” and inserting in lieu thereof "the amount which the Commissioner estimates will be the replacement cost", and by striking out "such value" and inserting in lieu thereof "such cost", and by adding the following proviso before the last semicolon of said subparagraph (A): "And provided further, That in the case of properties other than new construction, the foregoing limitations upon the amount of the mortgage shall be based upon appraised value rather than upon the Commissioner's estimate of the replacement cost"; and (2) In subparagraph (B) (ii) by striking out "the estimated value" and inserting in lieu thereof "the amount which the Commissioner estimates will be the replacement cost", and by striking out "value" and inserting in lieu thereof "replacement cost", and by adding the following proviso before the semicolon in said subparagraph (B) (ii) : "Provided, That in the case of properties other than new construction, the foregoing limitation upon the amount of the mortgage shall be based upon appraised value rather than upon the Commissioner's estimate of the replacement cost”. (h) In the performance of, and with respect to, the functions, powers, and duties vested in him by section 213 of the National Housing Act, as amended, the Commissioner, notwithstanding the provisions of any other law, shall appoint a Special Assistant for Cooperative Housing, and provide the Special Assistant with adequate staff, whose sole responsibility will be to expedite operations under such section and to eliminate obstacles to the full utilization of such section under the direction and supervision of the Commissioner. The person so appointed shall be fully sympathetic with the purposes of such section. (i) Clause (a) of the second sentence of section 227 of said Act, as amended, is hereby amended by striking "under section 221" and inserting "under section 221 if the mortgage meets the requirements of paragraph (3) of subsection (d) thereof". (j) Section 221 (a) of said Act, as amended, is amended as follows: (1) By inserting after the words "in order to assist in relocating families" the following: "from urban renewal areas and in relocating families"; (2) By striking out the words "to be so displaced" in the first proviso of the second sentence; (3) By striking out the words "to be so displaced and" and inserting "referred to above" in the second proviso of the second sentence. (k) Section 223 (a) of said Act, as amended, is amended by striking out "section 203 or section 207" each time it appears and inserting in lieu thereof "section 203, 207, or 213". * * * CERTIFICATES OF CLAIM * SEC. 104. Section 604 (f) of said Act, as amended, is hereby amended by adding the following paragraph at the end thereof: "Notwithstanding any other provisions of this section, the Commissioner is authorized, with the consent of the mortgagee or mortgagor, as the case may be, to effect the settlement of certificates of claim and refunds at any time after the sale or transfer of title to the property conveyed to the Commissioner under this section and without awaiting the final liquidation of such property for the purpose of determining 55 Stat. 60. 147 148 FEDERAL HOUSING ADMINISTRATION TERMINATION OF TITLE IX OF THE NATIONAL HOUSING ACT 65 Stat. 295. 42 USC 1591c. the net amount to be realized therefrom." SEC. 105. The second sentence of section 104 of the Defense Housing and Community Facilities and Services Act of 1951, as amended, is hereby amended by striking in clause (a) thereof "designate hereunder" and inserting "designate hereunder or (iii) pursuant to a commitment to insure issued pursuant to the preceding clause (ii)". 63 Stat. 571. 12 USC 1748 et seq. Armed Ser vices Hous- TITLE IV-ARMED SERVICES HOUSING MORTGAGE SEC. 401. Title VIII of the National Housing Act, as amended, is hereby amended to read as follows: "TITLE VIII-ARMED SERVICES HOUSING MORTGAGE INSURANCE "SEC. 801. As used in this title "(a) The term 'mortgage' means a first mortgage on real estate, in fee simple, or on a leasehold (1) under a lease for not less than ninety-nine years which is renewable; or (2) under a lease for a period of not less than fifty years to run from the date the mortgage was executed; and the term 'first mortgage' means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State in which the real estate is located, together with the credit instruments, if any, secured thereby. "(b) The term 'mortgagee' includes the original lender under a mortgage, and his successors and assigns approved by the Commissioner; and the term 'mortgagor' includes the original borrower under a mortgage, his successors and assigns. "(c) The term 'maturity date' means the date on which the mortgage indebtedness would be extinguished if paid in accordance with periodic payments provided for in the mortgage. "(d) The term 'housing accommodations means housing designed for occupancy by military personnel and their dependents, assigned to duty at or near the military installation where such housing units are constructed. "(e) The term 'personnel' shall include military and civilian personnel approved by the Secretary of Defense, or his designee, and the dependents of all such personnel. "(f) The term 'military includes Army, Navy, Marine Corps, Air Force, and Coast Guard. "(g) The term 'State' includes the several States and Alaska, Hawaii, Puerto Rico, the District of Columbia, Guam, and the Virgin Islands. "SEC. 802. The Military Housing Insurance Fund created by this section prior to amendment thereto shall hereafter be known as the Armed Services Housing Mortgage Insurance Fund. General expenses of operation of the Federal Housing Administration under this title (including operations with respect to mortgages insured or to be insured pursuant to this title prior to enactment of the Housing Amendments of 1955) may be charged to the Armed Services Housing Mortgage Insurance Fund. "SEC. 803. (a) In order to assist in relieving the acute shortage and urgent need for family housing which now exists at or in areas adjacent to military installations because of uncertainty as to the permanency of such installations and to increase the supply of necessary family housing accommodations for personnel at such installations, the Commissioner is authorized, upon application of the mortgagee, |