54 STAT.] 76TH CONG. , 3D SESS.-CH. 862 -OCT. 14, 1940 the Navy Department and the naval service for the fiscal year ending June 30, 1941, and for other purposes" (Public, Numbered 588), and the sum of $6,700,000 to the emergency funds made available to the President under the Military Appropriation Act, 1941, approved June 13,1940 (Public, Numbered 611). SEC. 4. When the President shall have declared that the emer- gency declared by him on September 8, 1939, to exist, has ceased to exist (a) the authority contained in section 1 hereof shall terminate except with respect to contracts on projects previously entered into or undertaken and court proceedings then pending, and (b) property acquired or constructed under this Act shall be disposed of as promptly as may be advantageous under the circumstances and in the public interest. SEC. 5. Where any Federal agency has funds for the provision of housing in connection with national-defense activities it may, in its discretion, make transfers of those funds, in whole or in part, to the Administrator, and the funds so transferred shall be avail- able for, but only for, any or all of the objects and purposes of and in accordance with all the authority and limitations contained in this Act, and for administrative expenses in connection therewith. SEC. 6. Moneys derived from rental or operation of property acquired or constructed under the provisions of this Act shall be returned to the appropriation authorized by this Act and shall be available for expenses of operation and maintenance including administrative expenses in connection therewith, and the unobligated balance of the moneys so deposited shall be covered into the Treasury at the end of each fiscal year as miscellaneous receipts. SEC. 7 . Notwithstanding any other provisions of law, whether relating to the acquisition, handling, or disposal of real or other prop- erty by the United States or to other matters, the Administrator, with respect to any property acquired or constructed under the pro- visions of this Act, is authorized by means of Government personnel, selected qualified private agencies, or public agencies (a) to deal with, maintain, operate, administer, and insure; (b) to pursue to final col- lection by way of compromise or otherwise, all claims arising there- from; (c) to rent, lease, exchange, sell for cash or credit, and convey the whole or any part of such property and to convey without cost portions thereof to local municipalities for street or other public use: Provided,That any such transaction shall be upon such terms, includ- ing the period of any lease, as may be deemed by the Administrator to be in the public interest: Provided further, That the Administrator shall fix fair rentals, on projects developed pursuant to this Act, which shall be within the financial reach of persons engaged in national defense: Provided further, That any lease authorized hereunder shall not be subject to the provisions of section 321 of the Act of June 30, 1932 (47 Stat. 412). SEC. 8. In carrying out the provisions of this Act the Administra- tor is authorized to utilize and act through the Federal Works Agency and other Federal agencies and any local public agency, with the con- sent of such agency, and any funds appropriated pursuant to this Act shall be available for transfer to any such agency in reimburse- ment therefor. Nothing in this Act shall be construed to prevent the Administrator from employing or utilizing the professional services of private persons, firms, or corporations. SEC. 9 . The Administrator may enter into any agreements to pay annual sums in lieu of taxes to any State or political subdivision thereof, with respect to any real property acquired and held by him under this Act, including improvements thereon. The amount so paid for any year upon any such property shall not exceed the taxes that 1127 Ante, p. 297. Ante, p. 377. Termination of au- thority. Transfer of housing funds. Use of rental mon- eys. etc. Management, etc. , of property. PRmaso. Terms of trannc- tlon.% Fair nrntals. Leaes. 40 U.. .C. 303b. rtilization of Fed- eral agencies, etc. Payments in lieu of taxes.
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