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12 U.S.C. § 1748 — Repealed. Pub. L. 102–550, title IX, § 912(i)(2), Oct. 28, 1992, 106 Stat. 3876
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section 1723g, act June 27, 1934, ch. 847, title III, § 315, as added Nov. 9, 1978, Pub. L. 95–619, title II, § 243, 92 Stat. 3230; amended June 30, 1980, Pub. L. 96–294, title V, § 531, 94 Stat. 737; Oct. 17, 1984, Pub. L. 98–479, title II, § 203(a)(4), 98 Stat. 2229, set out authority of Solar Energy and Energy Conservation Bank to purchase loans and advances of credit for energy conservation improvements or solar energy systems.
Section 1723h, act June 27, 1934, ch. 847, title III, § 316, as added Nov. 9, 1978, Pub. L. 95–619, title II, § 244, 92 Stat. 3231; amended June 30, 1980, Pub. L. 96–294, title V, § 532, 94 Stat. 739; Oct. 17, 1984, Pub. L. 98–479, title II, § 203(a)(5), 98 Stat. 2229, set out authority of Solar Energy and Energy Conservation Bank to purchase mortgages secured by newly constructed homes with solar energy systems.
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Source file: Laws/federal/codes/united-states-code/title-12/section-1748-repealed-pub-l-102550-title-ix-912-i-2-oct-28-1992-106-stat-3876--14efdf93f6.md
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Source location: Title 12, Chapter 13, § 1748; chapter-013-national-housing.md
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### Statutory Notes
Section 1723g, act June 27, 1934, ch. 847, title III, § 315, as added Nov. 9, 1978, Pub. L. 95–619, title II, § 243, 92 Stat. 3230; amended June 30, 1980, Pub. L. 96–294, title V, § 531, 94 Stat. 737; Oct. 17, 1984, Pub. L. 98–479, title II, § 203(a)(4), 98 Stat. 2229, set out authority of Solar Energy and Energy Conservation Bank to purchase loans and advances of credit for energy conservation improvements or solar energy systems.
Section 1723h, act June 27, 1934, ch. 847, title III, § 316, as added Nov. 9, 1978, Pub. L. 95–619, title II, § 244, 92 Stat. 3231; amended June 30, 1980, Pub. L. 96–294, title V, § 532, 94 Stat. 739; Oct. 17, 1984, Pub. L. 98–479, title II, § 203(a)(5), 98 Stat. 2229, set out authority of Solar Energy and Energy Conservation Bank to purchase mortgages secured by newly constructed homes with solar energy systems.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Contract provisions; competitive bids** The Secretary of Defense or his designee is authorized to enter into contracts with any eligible bidder to provide for the construction of urgently needed housing on lands owned or leased by the United States and situated on or near a military reservation or installation for the purpose of providing suitable living accommodations for military personnel of the armed services assigned to duty at the military installation at or in the area where the housing is situated. Any such contract shall provide that each housing unit in the project shall be placed under the control of the Secretary of Defense, or his designee, as soon as the unit is available for occupancy as determined by the Secretary of Housing and Urban Development. Any such contract shall also provide that, except for stock held by the Secretary of Housing and Urban Development, the capital stock of the mortgagor (where the mortgagor is a corporation) be transferred to the Secretary of Defense, or his designee, when the housing has been completed as determined by the Secretary of Housing and Urban Development. Any such contract shall contain such terms and conditions as the Secretary of Defense may determine to be necessary to protect the interests of the United States. Any such contract shall provide for the furnishing by the contractor of a performance bond and a payment bond with a surety or sureties satisfactory to the Secretary of Defense, or his designee, and the furnishing of such bonds shall be deemed a sufficient compliance with the provisions of [section 3131 of title 40](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title40-section3131&num=0&edition=prelim), and no additional bonds shall be required under such section. Before the Secretary
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Purchase price** Whenever the Secretary of Defense or his designee deems it necessary for the purpose of this subchapter, he may acquire, by purchase, donation, condemnation, or other means of transfer, any land or (with the approval of the Secretary of Housing and Urban Development) (1) any housing financed with mortgages insured under title VIII of the National Housing Act [[12 U.S.C. 1748](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1748&num=0&edition=prelim) et seq.] 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 Secretary of Housing and Urban Development, and (C) financed with mortgages insured under section 207 of the National Housing Act [[12 U.S.C. 1713](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1713&num=0&edition=prelim)], or (3) any housing situated on or adjacent to a military installation which was (A) completed prior to July 1, 1952, (B) considered 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 Secretary of Housing and Urban Development, and (C) financed with mortgages insured under section 608 of the National Housing Act [[12 U.S.C. 1743](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1743&num=0&edition=prelim)], including adjacent property constructed primarily to provide commercial facilities for the occupants of such housing. The purchase price of any such housing s
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Federal law — U.S. Code and appendices · legal_authorities
The Secretary of Defense or his designee is authorized to maintain and operate any housing acquired under this title and assign quarters therein to military and civilian personnel and their dependents. Appropriations for quarters allowances or appropriate allotments, and rental charges to civilian personnel, may be utilized by the military department concerned for the payment of principal, interest, and other obligations, except those of maintenance and operation, of the mortgagor corporation with respect to such housing projects. Such payments shall not exceed an average of $90 a month per housing unit and total payments for all housing so acquired shall not exceed $21,000,000 per month: Provided, That, in case of the United States Coast Guard, total payments for all housing so acquired shall not exceed $90,000 per month.
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Federal law — U.S. Code and appendices · legal_authorities
Whenever the Secretary of Defense or his designee determines that it is desirable in order to effectuate the purposes of this title, the Secretary is authorized, without regard to the civil service and classification laws, to procure, by negotiation or otherwise, the services of architects and engineers, or organizations thereof, under such arrangements as he deems desirable, but at an expense not in excess of that permissible under the schedule of fees allowed from time to time by the Secretary of Housing and Urban Development in connection with projects assisted under the United States Housing Act of 1937, as amended [[42 U.S.C. 1437](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437&num=0&edition=prelim) et seq.]. Such services may include the development of plans, drawings and specifications for family housing under this title and other services in connection therewith: Provided, That such plans, drawings, and specifications may include the use of any project to be constructed under this subchapter of alternate materials or alternate types of construction, including prefabrication, that provide substantially equal value and conform to standards established by the Secretary of Housing and Urban Development: Provided further, That such plans, drawings, and specifications, when developed pursuant to arrangements made under this section after August 7, 1956, shall follow the principle of modular measure, in order that the housing may be built by conventional construction, on-site fabrication, factory precutting, factory fabrication, or any combination of these construction methods: Provided further, That the Secretary of Defense may designate certain sites or parts thereof for family housing to be furnished from prefabricated houses or hou
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Wherever the terms “Secretary of Defense” or “Secretary of the Army, Navy, or Air Force” appear in this title or in title VIII of the National Housing Act, as amended by the Housing Amendments of 1955 [[12 U.S.C. 1748](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1748&num=0&edition=prelim) et seq.], they shall be deemed to mean the Secretary of Transportation in the case of the application of the provisions of this subchapter or of title VIII of the National Housing Act, as amended by the Housing Amendments of 1955, for the benefit of the United States Coast Guard.
**(b)** Wherever the term “armed services” appears in this subchapter it shall be deemed to include the United States Coast Guard.
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Federal law — U.S. Code and appendices · legal_authorities
In the construction of housing under the authority of this title and title VIII of the National Housing Act, as amended [[12 U.S.C. 1748](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1748&num=0&edition=prelim) et seq.], the maximum limitations on net floor area for each unit shall be the same as the net floor area limitations prescribed by law (at the time plans and specifications for such construction are begun) for public quarters built with appropriated funds under military construction authority.
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Federal law — U.S. Code and appendices · legal_authorities
Page 826
TITLE 12—BANKS AND BANKING
§ 1748
of the minimum annual amortization charge for
each preceding operating year, plus (2) the ag-
gregate of the excess earnings, if any, during
each preceding operating year applied, in addi-
tion to the minimum annual amortization
charge, to amortization in accordance with the
provisions of section 1747d of this title.
(q) ‘‘State’’ shall include the several States
and Puerto Rico, the District of Columbia,
Guam, and the Virgin Islands.
(June 27, 1934, ch. 847, title VII, § 713, as added
Aug. 10, 1948, ch. 832, title IV, § 401, 62 Stat. 1281;
amended Apr. 20, 1950, ch. 94, title I, § 122, 64
Stat. 59; Sept. 1, 1951, ch. 378, title VI, §§ 610, 612,
65 Stat. 316; July 14, 1952, ch. 723, § 10(a)(4), 66
Stat. 603; Pub. L. 86–70, § 10(a), June 25, 1959, 73
Stat. 142; Pub. L. 86–624, § 6, July 12, 1960, 74 Stat.
411; Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat.
17.)
Editorial Notes
AMENDMENTS
1967—Pub. L. 90–19 substituted ‘‘Secretary’’ for ‘‘Com-
missioner’’ wherever appearing in subsecs. (a) to (e), (i),
and (n).
1960—Subsec. (q). Pub. L. 86–624 struck out ‘‘Hawaii,’’
before ‘‘Puerto Rico’’.
1959—Subsec. (q). Pub. L. 86–70 struck out ‘‘Alaska,’’
before ‘‘Hawaii’’.
1952—Subsec. (q). Act July 14, 1952, added subsec. (q).
1951—Subsec. (n). Act Sept. 1, 1951, § 610, inserted ‘‘or
such lesser amount as shall be agreed upon by the in-
vestor and the Commissioner’’.
Subsec. (o). Act Sept. 1, 1951, § 612, inserted ‘‘and in-
come taxes’’.
1950—Act Apr. 20, 1950, substituted ‘‘Commissioner’’
for ‘‘Administrator’’ wherever appearing.
SUBCHAPTER VIII—ARMED SERVICES
HOUSING MORTGAGE INSURANCE
Editorial Notes
AMENDMENTS
1955—Act Aug. 11, 1955, ch. 783, title IV, § 401, 69 Stat.
646, substituted ‘‘ARMED SERVICES
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1748
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