Page:United States Statutes at Large Volume 103 Part 1.djvu/998

 103 STAT. 970 PUBLIC LAW 101-161—NOV. 21, 1989 REIMBURSEMENT TO THE RURAL ELECTRIFICATION AND TELEPHONE REVOLVING FUND For an additional amount to reimburse the rural electrification and telephone revolving fund for interest subsidies and losses sus- tained in prior years, but not previously reimbursed, in carrying out the provisions of the Rural Electrification Act of 1936, as amended (7 U.S.C. 901-950(b)), $244,100,000. RURAL TELEPHONE BANK For the purchase of Class A stock of the Rural Telephone Bank, $28,710,000, to remain available until expended (7 U.S.C. 901-9500))). Contracts. The Rural Telephone Bank is hereby authorized to make such expenditures, within the limits of funds and borrowing authority available to such corporation in accord with law, and to make such contracts and commitments without regard to fiscal year limitations as provided by section 104 of the Government Corporation Control Act, as amended, as may be necessary in carrying out its authorized programs for the current fiscal year. During fiscal year 1990 and within the resources and authority available, gross obligations for ' the principal amount of direct loans shall be not less than $177,045,000 nor more than $210,540,000. Grants. Loans. RURAL COMMUNICATION DEVELOPMENT FUND To reimburse the Rural Communication Development Fund for interest subsidies and losses sustained in prior years, but not pre- viously reimbursed, in making Community Antenna Television loans and loan guarantees under sections 306 and 310B of the Consolidated Farm and Rural Development Act, as amended, $1,329,000. RURAL ECONOMIC DEVELOPMENT SUBACCOUNT For grants and loans authorized under section 313 of the Rural Electrification Act, for the purpose of promoting rural economic development and job creation projects, $5,000,000, to remain avail- able until expended: Provided, That this amount will be in addition to any amounts generated by the interest differential on voluntary cushion of credit payments made by REA borrowers. OFFICE OF THE ADMINISTRATOR For necessary salaries and expenses of the Office of the Adminis- trator of the Rural Electrification Administration, $194,000: Pro- vided, That no other funds in this Act shall be available for this Office. SALARIES AND EXPENSES For administrative expenses to carry out the provisions of the Rural Electrification Act of 1936, as amended (7 U.S.C. 901-950(b)), and to administer the loan and loan guarantee programs for Community Antenna Television facilities as authorized by the Consolidated Farm and Rural Development Act (7 U.S.C. 1921-1995), and for which commitments were made prior to fiscal year 1990, including not to exceed $7,000 for financial and credit reports, funds for employment pursuant to the second sentence of section 706(a) of

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