Page:United States Statutes at Large Volume 55 Part 1.djvu/464

 55 STAT.] 77TH CONG., 1 ST SESS.-CH. 267-JULY 1, 1941 439 collection of moneys due the United States on account of loans hereto- fore 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, including obligations chargeable against the appropriation for this purpose for the fiscal year 1941, $2,488,912, of which $38,950 shall be transferred Transeroffunds. to and made a part of the appropriation, "Salaries and expenses, Bureau of Agricultural Economics", together with the unexpended Ant, . 414. balance of the appropriation under this head for the fiscal year 1941. 54 stat. s. 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 making loans under the terms of oRstSiction on use 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 promulgated by the Secretary of Agriculture; and the Reconstruction Finance Corpora- tion is hereby authorized and directed to lend such sum to the Secre- tary of Agriculture upon the security of any obligations of bor- rowers from the Secretary under the provisions of title I of the Bank- head-Jones Farm Tenant Act approved July 22, 1937 (7 U. S . C. 1000-1006): Provided, That the amount loaned by the Reconstruction Prio. Finance Corporation shall not exceed 85 per centum of the principal amount outstanding of the obligations constituting the security there- for: Providedfurther, That the Secretary may utilize proceeds from Repayment. payments of principal and interest on any loans made under such title I to repay the Reconstruction Finance Corporation the amount borrowed therefrom under the authority of this paragraph: Provided further, That the amount of notes, bonds, debentures, and other such Incrase of RFC obligations which the Reconstruction Finance Corporation is author- lgaon ized and empowered to issue and to have outstanding at any one time under existing law is hereby increased by an amount sufficient to carry out the provisions hereof. LIQUIDATION AND MANAGEMENT OF RESETTLEMENT PROJECTS To enable the Secretary of Agriculture to carry out the provisions of section 43 of title IV of the Bankhead-Jones Farm Tenant Act, approved July 22, 1937 (7 U. S . C . 1014-1029), including the employ- ment of persons and means, in the District of Columbia and else- where, exclusive of printing and binding, as authorized by said Act, $747,453, of which $8,764 shall be transferred to and made a part of the appropriation, "Salaries and expenses, Bureau of Agri- cultural Economics". LAND UTILIZATION AND RETIREMENT OF SUBMARGINAL LAND To enable the Secretary of Agriculture to carry out the provisions of title III of the Bankhead-Jones Farm Tenant Act, approved July 22, 1937 (7 U. S . C . 1010-1013), including the employment of persons and means in the District of Columbia and elsewhere, and including obligations chargeable against the appropriation for this purpose for the fiscal year 1941, $2,752,412, of which $574,173 shall be transferred to and made a part of the appropriation, "Salaries and expenses, Bureau of Agricultural Economics", together with the unex- pended balance of the appropriation under this head for the fiscal year 1941. Total, Farm Tenant Act, $5,988,777. 50 Stat. 630. 7U.S.C.§1017. Transfer of funds. Ante, p. 414. 50 Stat. 525. Transfer of funds. Ante, p. 414. 54 Stat. 65.

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