Page:United States Statutes at Large Volume 54 Part 1.djvu/661

 54 STAT.] 76TH CONG. , 3D SESS.-CH. 432 -JUNE 26, 1940 taxing districts within the respective counties) upon power property and reservoir lands allocable to power, determined as above provided, and all payments to any such county within a State shall be deducted from the payment otherwise due to such State under the provisions of this section. The determination of the board of the amounts due hereunder to the respective States and counties shall be final. "The payments above provided shall in each case be made to the State or county in equal monthly installments beginning not later than July 31, 1940. "Nothing herein shall be construed to limit the authority of the Corporation in its contracts for the sale of power to municipalities, to permit or provide for the resale of power at rates which may include an amount to cover tax-equivalent payments to the munici- pality in lieu of State, county, and municipal taxes upon any dis- tribution system or property owned by the municipality, or any agency thereof, conditioned upon a proper distribution by the municipality of any amounts collected by it in lieu of State or county taxes upon any such distribution system or property; it being the intention of Congress that either the municipality or the State in which the municipality is situated shall provide for the proper dis- tribution to the State and county of any portion of tax equivalent so collected by the municipality in lieu of State or county taxes upon any such distribution system or property. "The Corporation shall, not later than January 1, 1945, submit to the Congress a report on the operation of the provisions of this section, including a statement of the distribution to the various States and counties hereunder; the effect of the operation of the provisions of this section on State and local finances; an appraisal of the benefits of the program of the Corporation to the States and counties receiving payments hereunder, and the effect of such benefits in increasing taxable values within such States and counties; and such other data, information, and recommendations as may be pertinent to future legislation." . SEC. 40. (a) The President is hereby authorized through such agency or agencies as he may designate to purchase exclusively in the United States and to transport, and to distribute as hereinafter pro- vided, agricultural, medical, and other supplies for the relief of refugee men, women, and children, who have been driven from their homes or otherwise rendered destitute by hostilities or invasion. When so purchased, such materials and supplies are hereby authorized to be distributed by the President through the American Red Cross or such governmental or other agencies as he may designate. (b) There is hereby appropriated, out of any money in the Treasury not otherwise appropriated, the sum of $50,000,000, to be available until June 30, 1941, for carrying out the purposes of this section. including the cost of such purchases, the transportation to point of distribution, and distribution, administrative and other costs, but not including any administrative expense incurred by any non-gov- ernmental agency. (c) Any governmental agency so designated to aid in the purchase, transportation or distribution of any such materials and supplies may expend any sums allocated to it for such designated purposes without regard to the provisions of any other Act. (d) On or before June 30, 1941, the President shall submit to the Congress an itemized and detailed report of the expenditures and activities made and conducted under the authority contained in this section. SE. 41. There is hereby appropriated, out of any money in the Treasury not otherwise appropriated, for the fiscal year 1941, the sum of $50,000,000, to be used by the Secretary of Agriculture for 627 Payments in equal monthly installments. Contracts with mu- nicipalities for sale of power. Resale of power; rates. Intention of Con- gress. Report to Congress. Purchase of agri- cultural, etc., s upplies for relief of refugees. Distribution. Approprlation. Expenditures. Report to Congress. Additional appro- priation to encourage exportation and do- mestic consumption of agricultural products.

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