Sec.  314. The Administrator shall  take such action  as may be
necessary to  insure that all laborers and  mechanics employed by
contractors or subcontractors on projects assisted under this Act
shall be paid wages at rates  not less than those prevailing  for
the same type of work on  similar construction in the locality as
determined  by the Secretary of Labor, in accordance with the Act
of March  3, 1931, as  amended, known as the  Davis-Bacon Act (46
Stat.  1494; 40  U.S.C. 276a-  276a095). The  Secretary  of Labor
shall have, with respect to the labor standards specified in this
subsection, the authority and functions set forth in Reorganiza-
tion  Plan Numbered 14 of 1950 (15  F.R. 3176; 64 Stat. 1267) and
section 2 of the Act of June  13, 1934, as amended (48 Stat. 948;
40 U.S.C. 276c). 
[42 U.S.C. 7614]