Page:United States Statutes at Large Volume 52.djvu/1146

 52 STAT.] 75TH CONG. , 3D SESS.-CH. 680-JUNE 25, 1938 (f) Section 904 (e) of the Social Security Act is hereby amended to read as follows: "The fund shall be invested as a single fund, but the Secretary of the Treasury shall maintain a separate book account for each State agency and the railroad unemployment insurance account and shall credit quarterly on March 31, June 30, September 30, and December 31, of each year, to each account, on the basis of the average daily bal- ance of such account, a proportionate part of the earnings of the fund for the quarter ending on such date." (g) Section 904 (f) of the Social Security Act is hereby amended by adding thereto the following sentence: "The Secretary of the Treasury is authorized and directed to make such payments out of the fund as the Railroad Retirement Board may duly certify, not exceeding the amount standing to the railroad unemployment insurance account at the time of such payment." RAILROAD UNEMPLOYMENT INSURANCE ADMINISTRATION FUND SEC. 11. (a) There is hereby established in the Treasury of the United States a fund to be known as the railroad unemployment insurance administration fund. This fund shall consist of (i) 10 per centum of all contributions collected pursuant to section 8 of this Act; (ii) all amounts advanced to the fund by the Secretary of the Treasury pursuant to this section; (iii) all amounts appropriated by subsection (b) of this section; and (iv) such additional amounts as Congress may appropriate for expenses necessary or incidental to administering this Act. Such additional amounts are hereby author- ized to be appropriated. (b) In addition to the other moneys herein provided for expenses necessary or incidental to administering this Act, there is hereby appropriated to the fund such amount as the Secretary of the Treas- ury and the Board shall jointly estimate to have been collected or to be collectible with respect to the calendar years 1936, 1937, 1938, and 1939, from employers subject to this Act, under title IX of the Social Security Act, less such amount as the Secretary of the Treas- ury and the Board shall jointly estimate will be appropriated or has been appropriated to States or Territories pursuant to the Act of Congress approved August 24, 1937 (Public, Numbered 353, Seventy- fifth Congress), as proceeds of taxes paid by employers pursuant to title IX of the Social Security Act. Until the amount appropriated by this subsection is credited to the fund, the Secretary of the Treasury is hereby directed to advance to tlhe credit of the fund such sums, but not more than $2,000,000, as the Board requests for the purpose of financing the costs of admin- istering this Act, including personal services in the District of such time after the amount appropriated by this subsection is cred- ited to the fund as the Board by agreement with the Secretary of the Treasury may determine, but not later than January 1, 1940. (c) Notwithstanding any other provision of law, all moneys at any time credited to the fund are hereby permanently appropriated to the Board to be continuously available to the Board without fur- ther appropriation for any expenses necessary or incidental to admin- istering this Act. Such advance shall be repaid from the fund at Columbia and elsewhere; travel expenses, including expenses of attendance at meetings when authorized by the Board; actual trans- portation expenses and not to exceed $10 per diem to cover subsistence and other expenses while in attendance at and en route to and from the place to which he is invited, to any person other than an employee of the Federal Government who may, from time to time, be invited 'So in original. 36525°-38 -70 1105 49 Stat. 641 . 42 U. S. C., Supp. III, § 1104 (e). Investment as a single fund; account. ing. Payments. Railroad unemploy- ment insurance ad- ministration fund. Establishment. Composition. Ante, p. 1102. Additional sums ap- propriated for ex- penses. 49 Stat. 639. 42 U. S. C., Supp. III, § 1101. Deduction of appro- priations to States or Territories. 6S Stat. 754. Advances to credit of fund. Availability of moneys credited to fund. Travel and miscel- laneous expenses.

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