Page:United States Statutes at Large Volume 53 Part 2.djvu/952

 53STAT.] 76TH CONG., 1ST SESS.-PLAN NO. I -APR. 25, 1939 SECTION 310. Personnel. - Any of the personnel transferred by this Part found to be in excess of the personnel necessary for the efficient administration of the functions transferred by this Part shall be re-transferred under existing law to other positions in the Govern- ment service, or separated from the service subject to the provisions of section 10 (a) of the Reorganization Act of 1939. PART 4. -L E N DING AGENCIES 1429 Excess personnel. Ante, p. 563. SECTION 401. (a) Transfers to the Department of Agriculture.- The paTrmnfersof Aic- Farm Credit Administration, the Federal Farm Mortgage Corporation, ture. and the Commodity Credit Corporation, and their functions and activ- ities, together with their respective personnel, records, and property (including office equipment), are hereby transferred to the Depart- ment of Agriculture and shall be administered in such Department under the general direction and supervision of the Secretary of Agri- culture, who shall be responsible for the coordination of their func- tions and activities. (b) Transfer of Administrative Funds.- So much of the unexpended transfer of admin balances of appropriations, allocations, or other funds available (in- cluding those available for the fiscal year ending June 30, 1940) for the administrative expenses of any agency transferred by this section, as the Director of the Bureau of the Budget shall determine, shall be transferred to the Secretary of Agriculture for such use; and the Director of the Bureau of the Budget shall allocate to the Secretary of Agriculture from such funds, such sums, and in such proportions, as he may find necessary for the administrative expenses of the Secre- tary of Agriculture in connection with the agencies and functions transferred by this section. In determining the amount to be trans- curred obligations. ferred. the Director of the Bureau of the Budget may include an amount to provide for the liquidation of obligations incurred against such appropriations, allocations, or other funds prior to the transfer. The use of the unexpended balances of appropriations, allocations, or other funds transferred by this subsection shall be subject to the pro- vision of section 4 (d) (3) and section 9 of the Reorganization Act of A*"n", p. 5 i62,.53. 1939. (c) Transfer of otherfunds. - All unexpendled balances of appropria- Tl'rfer "f her tions, allocations, or other funds, other than those mentioned in slub- section (b) of this section, available (includingl those available for the fiscal year ending June 30, 1940) for any agency transferred by sub- section (a) of this section shall be transferred with such agency and shall remain available to it for the exercise of its functions. (d) Personnel. -Any of the personnel transferred by this section to Exes personnel. the Department of Agriculture which the Secretary of Agriculture shall find to be in excess of the personnel necessary for the administra- tion of the functions transferred by this section shal be re-transferred under existing law to other positions in the Government, or separated from the service subject to the provisions of section 10 (a) of the A p. 6 . Reorganization Act of 1939. SECTION 402. (a) FederalLoan Agency.- There shall be at the seat of Federal Loan Agen- the Government a Federal Loan Agency, with a Federal Loan Ad- e ' ministrator at the head thereof. The Federal Loan Administrator Federal Loan Ad- shall be appointed by the President by and with the advice and con- sent of the Senate, and shall receive a salary at the rate of $12,000 per annum. Astt Federal (b) Assistant Federal Loan Administrator. -The Federal Loan Ad- Lo dministrator,. ministrator shall appoint an Assistant Federal Loan Administrator, who shall receive a salary at the rate of $9,000 per annum. The

�