Page:United States Statutes at Large Volume 54 Part 1.djvu/598

 PUBLIC LAWS--CE. 421-JUNE 25, 1940 Administrative, etc., expenses. 52 Stat. 72. 7U.S. ., Supp.V, §§ 1501-1518. Reappropriation. 63 Stat.975. 52 Stat. 77. 7 U.S. C., Supp. V, 1516. 52 tat. 74. 7 U.s. C., Snpp. V, 1 1507 (d). Farm tenancy. 50 Stat. 522. 7U. .C., Supp.V, §§ 1000-1006. Salaries and ex- penses. Reappropriation. Loans. Restriction on use of funds. Authorization of R. F. O.tolendsumto Secretary of Agrieul. ture. Provsos. Amountloaned,limi- tation. Repayment. with the reduction of agricultural surpluses or with other objectives of the Agricultural Adjustment Administration, together with travel- ing and other necessary expenses relating thereto. FEDERAL CROP INSURANCE ACT Administrative and operating expenses: For operating and admin- istrative expenses under the Federal Crop Insurance Act, approved February 16, 1938, as amended (7 U. S . C. 1501-1518), $5,423,200, together with a reappropriation of not to exceed $100,000 of the unexpended balance of the funds available for this purpose for the fiscal year 1940, to be allotted by the Secretary of Agriculture (a) to the Federal Crop Insurance Corporation, as authorized by section 516 (a) of such Act, and (b) to bureaus and offices of the Depart- ment of Agriculture or for transfer to other agencies of State and Federal Governments, as authorized by section 507 (d) of such Act; and such part as the Secretary allots under clause (b) hereof shall be available for the employment of persons and means in the District of Columbia and elsewhere, rent in the District of Columbia, pur- chase of law books, books of reference, periodicals, and newspapers. FARM TENANT ACT FARM TSNANCr To enable the Secretary of Agriculture to carry into effect the provisions of title I of the Bankhead-Jones Farm Tenant Act, approved July 22, 1937 (7 U. S . C . 1000-1006), as follows: Salaries and expenses: For administrative expenses in connection with the making of loans under title I of the Bankhead-Jones Farm Tenant Act, approved July 22, 1937 (7 U. S. C. 1000-1006), and the collection of moneys due the United States on account of loans heretofore made under the provisions of said Act, including the employment of persons and means in the District of Columbia, and elsewhere, exclusive of printing and binding as authorized by said Act, $2,500,000, together with the unexpended balance of such part of the appropriation made under said Act for the fiscal year 1940 (53 Stat. 976) available for such administrative expenses. Loans: For loans in accordance with title I of the Bankhead-Jones Farm Tenant Act, approved July 22, 1937 (7 U. S. C . 1000-1006), $50,000,000, which sum shall be borrowed from the Reconstruction Finance Corporation at an interest rate of 3 per centum per annum and which sum shall not be used for makingloans under the terms of said Act for the purchase of farms of greater value than the average farm unit of thirty acres and more in the county, parish, or locality in which such purchase may be made, which value shall be determined solely according to statistics of the farm census of 1940 after such statistics become available, but prior to that time may be determined in accordance with such regulations as may be pro- mulgated by the Secretary of Agriculture; and the Reconstruction Finance Corporation is hereby authorized and directed to lend such sum to the Secretary of Agriculture upon the security of any obliga- tions of borrowers from the Secretary under the provisions of title I of the Bankhead-Jones Farm Tenant Act approved July 22, 1937 (7 U. S . C. 1000-1006): Provided, That the amount loaned by the Reconstruction Finance Corporation shall not exceed 85 per centum of the principal amount outstanding of the obligations constituting the security therefor: Provided further, That the Secretary may utilize proceeds from payments of principal and interest on any loans 564 [54 STAT.

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