Page:United States Statutes at Large Volume 49 Part 1.djvu/2033

 1988 74r C ONGRESS. SESS. II. CH. 858 . JUNE 29, 1936. cons truct ion fund revolving fund, herein designated as the construction fund, and shall created ; use, etc. be controlled and employed by the Commission in carrying out the provisions of this Act. All moneys received by the Commission under the provisions of titles IV, V, VI, and VII, of this Act shall Disbursements. be deposited in its construction fund and all disbursements made , 20 Post, pp. 1993, 1995, by the Commission under authority of said titles shall be paid out Additional funds of sai d f und. Furt her appro priation s by Cong ress to r eplenish authorized. said fund are hereby authorized. Contracts aut hor- SEC. 207 . The Commission may enter into such contracts, upon ized . behalf of the Uni ted States, as may, in its dis cretion, b e necessar y to carry on the activities authorized by thi s Act, in the same manner that a private corporation may contract within the scope of the Auditing financial authority conferred by its charter. All the Commission's financial transactions' transactions shall be audited in the General Accounting Office accord- Vol. 42, p. 444. ing to approved commercial practice as provided in the Act of March Prov iso. 20, 1922 (42 Stat . 444) : Provided, That it shall be recognized that Credit allowed all > > necessary expenditures. because of the business activities authorized by this Act, the account- ing officers shall allow credit for all expenditures shown to be neces- sary because of the nature of such author ized activities, notwith- Report of departures standing any existing statutory provision to the contrary. The to Congress. Comptroller General shall report annually or oftener to Congress any departure by the Commission from the provisions of this Act. Report of Com mis- SEC. 20 8 . The Commission shall, at the beg inning of each regular sion ; contents. session, make a report to Congress, which shall include the results of its investigations, a summary of its transactions, its recommenda- tions for legislation, a statement of all receipts under this Act, and the purposes for which all expenditures were made. Appropriation an- SEC. 209. (a) There are hereby authorized to be appropriated such thorized. sums as are necessary to carry out the provisions of this Act. Use of Shipping (b) All appropriations and unexpended balances of appropria- Board Bu re au, etc., tions available for expendi ture by the United States Shipping Board Bure au and Un ited Sta tes Shipp ing Board Merchan t Fleet C orpo- ration which would otherwis e be applicable to functions transferred to the Commission by this Act, including the fund appropriated to enable the United States Shipping Board Merchant Fleet Corporation to operate ships or lines of ships which have been or m ay be tak en back from purc hasers by reason of compet ition or other methods employed by foreign shipowners or operators as appropriated b the Independent Offices Act, 1928, approved Vol.44,p.1082. February 11, 1927 (4 Stat . 1082), and reappropriated by the Depart- Use, without regard ment of Commerce Appropriat ion Acts, shall be available for expend- to uirem ntienment re- iture by or at the direction of the Commission for any and all objects of expenditure authorized b y this Act in the discretion of the Com- u.S.C.,p. 1405. mission, without regard to the requirement of apportionment under the Antideficiency Act of February 27, 1906 (U . S . C ., title 31, sec . 665). Certain funds under (c) After the transfer, under section 404 of this Act, to the Com- Postmaster General for foreign ma il transpor- mission of the powers and duties of the Postmaster General with ta p .1995. transferred. Po st, r espe ct existing ect to existing ocean-mail contracts entered into pursuant to Vol .c.Pzo~9. title IV, Merchant Marine Act, 1928 (U . S . C ., Supp . VII, title 46, sees . 891e to 891r, inclusive), all appropriations and unexpended balances of appropriations available for expenditure by the Post Office Department for the transportation of foreign mails under contracts authorized by the Merchant Marine Act, 1928, less any amount necessary to be paid out by the Post Office Department, shall be available for any and all objects of expenditure authorized by this Act, by or at the direction of the Commission, without regard to the requirement of apportionment under the Antideficiency Act of February 27, 1906.