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The authority contained in this Act shall expire on June 30, 1967, except that such expiration shall not affect—“(1) the authority conferred by section 53 of the Alaska Omnibus Act [set out above] until the completion of the following urban renewal projects authorized for execution prior to June 30, 1967: Alaska R–8, Westchester; Alaska R–19, Kodiak; Alaska R–20, downtown Anchorage; Alaska R–21, Seward; Alaska R–22, Valdez; Alaska R–25, Mineral Creek; Alaska R–26, Seldovia; Alaska R–28, Cordova; or “(2) the payment of expenditures for any obligation or commitment entered into under this Act prior to June 30, 1967.

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