Title 48 — Territories and Insular PossessionsRelease 119-73not60
§52 [compromise or Release of Notes or Other Obligations.]
Title 48 › Chapter 2— ALASKA › § 52
Summary
The HUD Secretary may reduce or cancel part of loans or debts on Alaska property under Title II (1955) or the 1955 revolving fund if the 1964 earthquake and seismic waves damaged or destroyed the loan security.
Full Legal Text
Title 48, §52
Territories and Insular Possessions — Source: USLM XML via OLRC
The Secretary of Housing and Urban Development is authorized to compromise or release such portion of any note or other obligation held by him with respect to property in Alaska pursuant to Title II of the Housing Amendments of 1955 [42 U.S.C. 1491–1497] or included within the revolving fund for liquidating programs established by the Independent Offices Appropriation Act of 1955, as he finds necessary because of loss, destruction, or damage to facilities securing such obligations by the 1964 earthquake and subsequent seismic waves. (Added Pub. L. 88–451, § 4, Aug. 19, 1964, 78 Stat. 506, and amended Pub. L. 90–19, § 15(a), May 25, 1967, 81 Stat. 24.)
Reference
Citations & Metadata
Citation
48 U.S.C. § 52
Title 48 — Territories and Insular Possessions
Last Updated
Apr 5, 2026
Release point: 119-73not60