Page:United States Statutes at Large Volume 56 Part 1.djvu/723

 56 STAT.] 77TH CONG. , 2D SESS.- CH. 516-JULY 22, 1942 INTERNATIONAL PRODUCTION CONTROL COMMITTEES During the fiscal year 1943 the Secretary of Agriculture may expend not to exceed $17,500 from the funds available to the Agri- cultural Adjustment Administration for the share of the United States as a member of the International Wheat Advisory Com- mittee, the International Sugar Council, or like events or bodies concerned with the reduction of agricultural surpluses or with other objectives of the Agricultural Adjustment Administration, together with traveling 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 and 55 Stat. 255-256), $8,572,954, including the employment of persons and means in the District of Columbia and elsewhere, printing and binding, purchase of lawbooks, books of reference, periodicals, and news- papers. FARM TENANT ACT FARM TENANCY To enable the Secretary of Agriculture to carry into effect the pro- visions 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 necessary 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 here- tofore made under the provisions of said Act, including the employ- ment of persons and means in the District of Columbia and elsewhere, exclusive of printing and binding as authorized by said Act, $1,625,000. 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), $32,500,000, 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 said Act for the purchase of farms of greater value than the aver- age 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; and the Reconstruction Finance Corporation is hereby authorized and directed to lend such sum to the Secretary of Agriculture upon the security of any obligations 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 made under such title I to repay the Recon- struction Finance Corporation the amount borrowed therefrom under the authority of this paragraph: Providedfurther, That the amount of notes, bonds, debentures, and other such obligations which the Reconstruction Finance Corporation is authorized and empowered to issue and to have oustanding at any one time under existing law is hereby increased by an amount sufficient to carry out the provisions hereof. 695 Membership ex- penses. 52 Stat. 72. 7U. .C., Supp.I, ch.36. Administrative ex- penses. 50 Stat. 622. Post,p. 726. Restriction on use of funds. ProIsos. Limitation on amount loaned. Repayment. Increase of RFC obligations. Ante, p. 176.

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