Pennsylvania Act 1951-414 — AUTHORIZING THE SECRETARY OF PUBLIC ASSISTANCE TO APPLY FOR THE RETURN OF CERTAIN ASSETS OF THE FORMER RURAL REHABILITATION CORPORATION

Act text

AUTHORIZING THE SECRETARY OF PUBLIC ASSISTANCE TO APPLY FOR THE RETURN OF
      CERTAIN ASSETS OF THE FORMER RURAL REHABILITATION CORPORATION
                 Act of Sep. 29, 1951, P.L. 1615, No. 414             Cl. 03
                                  AN ACT

     To authorize the Secretary of Public Assistance of the
        Commonwealth of Pennsylvania to apply to the Secretary of
        Agriculture of the United States for the return of assets of
        the former Pennsylvania Rural Rehabilitation Corporation, to
        receive, deposit and administer such assets for rural
        rehabilitation or other authorized purposes, and to enter
        into agreements with the Secretary of Agriculture of the
        United States with respect to the future administration of
        said assets.

        The General Assembly of the Commonwealth of Pennsylvania
     hereby enacts as follows:

        Section 1.  The Secretary of Public Assistance of the
     Commonwealth of Pennsylvania is hereby designated as the
     official of the Commonwealth of Pennsylvania to make application
     to the Secretary of Agriculture of the United States, or any
     other proper Federal official, for the return of the trust
     assets, either funds or property, held by the United States as
     trustees in behalf of the former Pennsylvania Rural
     Rehabilitation Corporation.
        Section 2.  The Secretary of Public Assistance of the
     Commonwealth of Pennsylvania is hereby authorized to receive and
     to deposit the funds and proceeds of the said assets in the
     Treasury of the Commonwealth, earmarked for rural
     rehabilitation, and to administer, expend and use in the
     Commonwealth of Pennsylvania, by payments made on the warrant of
     the Auditor General, upon requisition of the Secretary of Public
     Assistance, all or any part of the said funds and proceeds so
     received and the income therefrom, only for such of the rural
     rehabilitation purposes as were set forth in the charter of the
     former Pennsylvania Rural Rehabilitation Corporation, or for
     carrying out the purposes of Titles I and II of the Bankhead-
     Jones Farm Tenant Act, pursuant to the applicable provisions of
     Title IV thereof, as now or hereafter amended, as may from time
     to time be agreed upon by the Secretary of Public Assistance of
     the Commonwealth of Pennsylvania and the Secretary of
     Agriculture of the United States, or any other proper Federal
     official, pursuant to the Rural Rehabilitation Corporation Trust
     Liquidation Act (Public Law 499, 81st Congress).
        Section 3.  The Secretary of Public Assistance of the
     Commonwealth of Pennsylvania is hereby authorized and empowered
     to (a) collect, compromise, adjust or cancel claims and
     obligations arising out of or administered under this act or
     under any mortgage, lease, contract or agreement entered into or
     administered pursuant to this act, and, if in his judgment
     necessary and advisable, pursue the same to final collection in
     any court having jurisdiction; (b) bid for and purchase at any
     execution, foreclosure or other sale, or otherwise to acquire
     property upon which he has a lien by reason of a judgment or
     execution, or which is pledged, mortgaged, conveyed, or which
     otherwise secures any loan or other indebtedness owing to or
     acquired by him under this act; and (c) accept title to any
     property so purchased or acquired, to operate or lease such
     property for such period as may be deemed necessary to protect
     the investment therein, and to sell or otherwise dispose of such
     property in a manner consistent with the provisions of this act.
        Section 4.  The Secretary of Public Assistance of the
     Commonwealth of Pennsylvania is further authorized hereby, in
     his discretion, to enter into agreements with the Secretary of
     Agriculture of the United States, upon such terms and conditions
     and for such periods of time as may be mutually agreeable,
     authorizing the Secretary of Agriculture of the United States to
     accept, administer, expend and use, in the Commonwealth of
     Pennsylvania, all or any part of such trust assets, either funds
     or proceeds, and the income therefrom, or any other funds of the
     Commonwealth of Pennsylvania which may be appropriated for such
     uses, for carrying out the purposes of Titles I and II of the
     Bankhead-Jones Farm Tenant Act, pursuant to the applicable
     provisions of Title IV thereof, as now or hereafter amended, and
     to do any and all things necessary to effectuate and carry out
     the purposes of said agreements.
        Section 5.  The authority conferred upon the Secretary of
     Public Assistance of the Commonwealth of Pennsylvania by the
     provisions of section 3 of this act may be delegated to the
     Secretary of Agriculture of the United States, with respect to
     any funds or assets authorized to be administered and used by
     the said Secretary of Agriculture of the United States under any
     agreements entered into pursuant to section 4 of this act.
        Section 6.  The United States and the Secretary of
     Agriculture thereof shall be held free from liability by virtue
     of the transfer of the assets to the Secretary of Public
     Assistance of the Commonwealth of Pennsylvania pursuant to this
     act.
        Section 7.  All acts and parts of acts in conflict herewith
     are hereby repealed.
        Section 8.  The provisions of this act shall become effective
     immediately upon final enactment.