Page:United States Statutes at Large Volume 54 Part 1.djvu/648

 PUBLIC LAWS-CH. 432-JUNE 26, 1940 rate of $1,200 per annum or more. For the purposes of this sub- section, the term "State" shall include the Territories, possessions, and the District of Columbia. Work Projects Ad- (i) The functions heretofore vested in the Works Progress Admin- iExteion to June istration and the Work Projects Administration are authorized to be . 1941. carried out until June 30, 1941, by the Work Projects Administration subject to the provisions of this joint resolution and such latter Administration is hereby extended until such date to carry out the purposes of this section. Detail o Army offl- (j) The President may detail a commissioned officer on the active WWork Projects. list of the United States Army to perform the functions of the office of Commissioner of Work Projects, without loss of or prejudice to Compensation. his status as such officer. Any commissioned officer so detailed shall receive, in addition to his pay and allowances as such officer, an amount sufficient to make his total compensation $10,000 per annum while he is so detailed. Rural rehabilitation and relief. 63 Stat. 929. 15 U. S. C., Bnpp. V, oh. 16 (note). Availability of funds. 52 Stat. 809; 53 Stat. 927. 15 U. S. C., Supp. V, ch. 16 (note). Advances from R. F. C., maximum. Conditions. Payments to R. F.. Increaseof R. F. C. notes, etc, authorized. DEPARTMENT OF AGRICIULTURE SEC. 2. (a) In order to continue to provide assistance through rural rehabilitation and relief to needy farmers and relief to other needy persons in the United States its Territories and possessions, there is hereby appropriated to the Department of Agriculture, out of any money in the Treasury not otherwise appropriated, for the fiscal year ending June 30, 1941, $59,000,000, together with the balance of the appropriation under section 3 of the Emergency Relief Appropri- ation Act of 1939 which remains unobligated on June 30, 1940. (b) The funds appropriated by subsection (a) of this section shall be available for (1) administration (not to exceed $7,500,000); (2) farm debt adjustment service and making and servicing of loans and relief under this section and prior law; (3) loans; (4) relief; (5) the prosecution of projects approved by the President for the Farm Security Administration under the Emergency Relief Appropriation Acts of 1938 and 1939; and (6) the following types of useful public projects, Federal and non-Federal, subject to the approval of the President: (a) Projects involving provision of additional water facilities, (b) projects involving construction and operation of migra- tory labor camps, and (c) projects involving land development (to provide work relief or homesteaders) on rural rehabilitation projects. (c) In order to furnish the Secretary of Agriculture with addi- tional funds for the purpose of making rural rehabilitation loans to needy farmers, the Reconstruction Finance Corporation is author- ized and directed, until June 30, 1941, to make advances to the Secretary of Agriculture upon his request in an aggregate amount of not to exceed $125,000,000. Such advances shall be made: (1) With interest at the rate of 3 per centum per annum payable semiannually; (2) upon the security of obligations acceptable to the Corporation heretofore or hereafter acquired by the Secretary pursuant to law; (3) in amounts which shall not exceed 75 per centum of the then unpaid principal amount of the obligations securing such advances; and (4) upon such other terms and conditions, and with such maturi- ties, as the Corporation may determine. The Secretary of Agricul- ture shall pay to the Corporation, currently as received by him, all moneys collected as payments of principal and interest on the loans made from the amounts so advanced, or collected upon any obligations held by the Corporation as security for such advances, until such amounts are fully repaid. The amount of notes, debentures, bonds, or other such obligations which the Corporation is authorized and empowered to issue and to have outstanding at any one time under n 31 0 0 [54 STAT.

�