Page:United States Statutes at Large Volume 56 Part 1.djvu/382

 PUBLIC LAWS-CH. 404 - -JUNE 11, 1942 Depositaries and fis- cal agents. Additional powers. Loans and ad- vances. Acquisition of land, plants, equipment, etc. Disposition to small concerns. Contracts with U. S. Government. Letting of subcon- tracts. Contracts to Oor- poration on certifica- tion of competence. Terms and condi- tions. 55 Stat. 839. 50U. S. C., Supp. I, app. § 611. Penal provisions. False statements and overvaluations. establishment, or executive department of the Government, including any field service thereof, may avail itself of the use of information, services, facilities, officers, and employees thereof in carrying out the provisions of this Act. (e) All moneys of the Corporation not otherwise employed may be deposited with the Treasurer of the United States subject to check by authority of the Corporation or in any Federal Reserve bank. The Federal Reserve banks are authorized and directed to act as depositaries, custodians, and fiscal agents for the Corporation in the general performance of its powers conferred by this Act. All insured banks, when designated by the Secretary of the Treasury, shall act as depositaries, custodians, and financial agents for the Corporation. (f) The Corporation is empowered (1) to make loans or advances, on such terms and conditions and with such maturities as it may determine, to enable small business concerns to finance plant con- struction, conversion, or expansion, or to finance the acquisition of equipment, facilities, machinery, supplies, or materials, or to supply such concerns with capital, to be used in the manufacture of articles, equipment, supplies, or materials for war or essential civilian pur- poses; and such loans or advances may be made or effected either directly or in cooperation with banks or other lending institutions through agreements to participate or by the purchase of participa- tions, or otherwise; (2) to purchase or lease such land, to purchase, lease, build, or expand such plants, and to purchase or produce such equipment, facilities, machinery, materials, or supplies, as may be needed to enable the Corporation to provide small business concerns with such land, plants, equipment, facilities, machinery, materials, or supplies as such concerns may require to engage in the produc- tion of such articles, equipment, supplies, or materials; (3) to lease, sell, or otherwise dispose of to any small business concern any such land, plants, equipment, facilities, machinery, materials, or supplies; (4) to enter into contracts with the United States Government and any department, agency, or officer thereof having procurement powers obligating the Corporation to furnish articles, equipment, supplies, or materials to the Government; and (5) to arrange for the perform- ance of such contracts by letting subcontracts to small business con- cerns or others for the manufacture, supply, or assembly of such articles, equipment, supplies, or materials, or parts thereof, or servicing or processing in connection therewith, or such management services as may be necessary to enable the Corporation to perform such contracts. In any case in which the Chairman of the War Production Board certifies to the Secretary of War, the Secretary of the Navy, the Director of the Procurement Division of the Treasury, or to any other officer of the Government having procure- ment powers, that the Smaller War Plants Corporation is competent to perform any specific Government procurement contract to be let by any such officer, it shall be the duty of such officer to let such procure- ment contract to such Corporation upon such terms and conditions as may be specified by the Chairman of the War Production Board. Such subcontracts may be let upon such terms and conditions as the Corporation may deem appropriate in accordance with such regula- tions as may be prescribed under section 201 of the First War Powers Act, 1941. (g) (1) Whoever makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtain- ing for himself or for any applicant any loan, or extension thereof by renewal, deferment of action, or otherwise, or the acceptance release, or substitution of security therefor, or for the purpose 354 [56 STAT.

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