Title 48 — Territories and Insular PossessionsRelease 119-73not60
§56 [purchase of Alaska State Bonds.]
Title 48 › Chapter 2— ALASKA › § 56
Summary
The HUD Secretary may buy Alaska securities or lend money to pay for rebuilding after the 1964 earthquake and later seismic waves or to finish capital projects started before the quake; the total cannot exceed $25,000,000.
Full Legal Text
Title 48, §56
Territories and Insular Possessions — Source: USLM XML via OLRC
The Secretary of Housing and Urban Development is authorized to purchase, in accordance with the provisions of section 202(b), 203, and 204 of Title II of the Housing Amendments of 1955 [42 U.S.C. 1492(b), 1493, and 1494], the securities and obligations of, or make loans to, the State of Alaska to finance any part of the programs needed to carry out the reconstruction activities in Alaska related to the 1964 earthquake and subsequent seismic waves or to complete capital improvements begun prior to the earthquake: Provided, That the aggregate amount of such purchase or loan shall not exceed $25,000,000. (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. § 56
Title 48 — Territories and Insular Possessions
Last Updated
Apr 5, 2026
Release point: 119-73not60