Page:United States Statutes at Large Volume 57 Part 1.djvu/441

 [57 STAT. Increase of RFC the authority of this paragraph: Provided further, That the amount obligations. of notes, bonds, debentures, and other such obligations which the Reconstruction Finance Corporation is authorized 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 5OStat.5.1017. To enable the Secretary 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 employment of persons and means, in the District of Columbia and elsewhere, exclusive of printing and binding, as authorized by said Act, $421,039. inmgoaons or advanCes SEC. 2. No part of any appropriation contained in this Act or authorized hereby to be expended shall be used to pay the compensa- tion or expenses of any officer or employee of the Department of Agriculture, or any bureau, office, agency, or service of the Depart- ment, or any corporation, institution, or association supervised thereby, who makes or approves, or directs or authorizes any other officer or employee of the Department or of any such bureau, office, agency, service, corporation, institution, or association to make or approve, (1) any loan or advance under the provisions of food pro- duction financing bulletins F-i or F-2, issued by the Farm Credit Administration operating under the Food Production Administra- tion, Production Loans Branch, as heretofore or hereafter amended, unless (a) the applicant represents in writing and it is administra- tively determined that credit sufficient in amount to finance the pro- duction of the crops or livestock specified in the application is not available to him from sources other than the Regional Agricultural Credit Corporation or is available from other sources only on such terms and conditions that he could not use the other credit available to the extent necessary to produce the entire quantity of such crops or livestock specified in his application and (b) the person author- ized to approve the loan or advance on behalf of the Regional Agri- cultural Credit Corporation finds that a greater quantity of the crops or livestock specified in the application would be likely to be produced if the loan or advance is made than would be produced otherwise, or (2) any loan or advance under the provisions of section 201 (e) of 47 Stt.713. the Emergency Relief and Construction Act of 1932 (12 U. S . C. 1148), as amended (other than loans or advances under bulletins F-1 and F-2 made or approved on the conditions specified in this section) except (a) in regions in which loans or advances had been made under said section 201 (e) of the Emergency Relief and Construction Act of 1932 within one year prior to December 1, 1942, or (b) in any region which the Secretary of Agriculture shall have designated as a region in which the making of such loans or advances is necessary in order to finance the production of crops or livestock that otherwise Prior loans or would not be produced in such region: Provided, That none of the advances. limitations provided for by this section shall apply with respect to any loan or advance made or approved before the date this Act becomes effective, or to the disbursement either before or after such date of any part of the proceeds of any loan or advance theretofore made or to any loan or advance made or approved at any time for the purpose of financing the completion of production undertaken before such date or for the purpose of protecting or preserving the security for or assisting in the collection or liquidation of any loan or advance made or approved before such date. PUBLIC LAWS-CH. 215-JULY 12, 1943 428

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