Page:United States Statutes at Large Volume 58 Part 1.djvu/760

 PUBLIC LAWS-CH. 412 -SEPT. 21, 1944 49 Stat. 1364,1365. A*te, p. 73. 49 Stat. 1364 Appropriation au- thorized. Financial and credit reports. SEC. 503. Sections 3 and 4 of the Rural Electrification Act of 1936, as amended (7 U. S . C. 901-914), are amended by striking out the words "twenty-five years" in each section and inserting in lieu thereof "thirty-five years". SEC. 504. Subsection (b) of section 3 of the Rural Electrification Act of 1936, as amended (7 U. S . C . 901-914), is amended by striking out the entire subsection, which reads as follows: "There is hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, for the fiscal year ending June 30, 1938, and for each of the eight years thereafter, the sum of $40,000,000 for the purposes of this Act as hereinafter provided.", and by inserting in lieu thereof the following: "There are hereby authorized to be appropriated such sums as the Congress may from time to time determine to be necessary for the purposes of this Act as hereinafter provided." SEC. 505. The Rural Electrification Administration is authorized to purchase such financial and credit reports as may be necessary to carry out its authorized work: Provided, That purchases under this authority shall not be made unless provision is made therefor in the applicable appropriation and the cost thereof is not in excess of limitations prescribed therein. TITLE VI Farm Creit Ad- SEx. 601. (a) The Farm Credit Administration shall, prior to the cst O exrmina- first day of each fiscal year commencing after June 30, 1944, estimate land banb' etcJi for the ensuing fiscal year the cost of examinations of the joint-stock land banks, Federal land banks, national farm-loan associations, banks for cooperatives, Central Bank for Cooperatives, Federal inter- mediate credit banks, production credit corporations, and production Apportionment. credit associations; shall apportion the amount so determined among the joint-stock land banks, Federal land banks, banks for coopera- tives, Central Bank for Cooperatives, Federal intermediate credit banks, production credit corporations, and production credit asso- ciations on such equitable basis as said Administration shall deter- Assessment. mine; and shall assess against and collect in advance the amount so apportioned from the banks, corporations, and other organizations among which the apportionment is made. ost ofrvdminitra- 1 (b) The Farm Credit Administration shall, prior to the first day of each fiscal year commencing after June 30, 1944, estimate the cost to it for the ensuing fiscal year of the administrative supervision of the Federal land bank system, the banks for cooperatives, the Central Bank for Cooperatives, the Federal intermediate credit banks, and Apportionment, the production credit system; shall apportion the amount so deter- mined among the Federal land banks, the banks for cooperatives, the Central Bank for Cooperatives, the Federal intermediate credit banks, and the production credit corporations on such equitable basis Assessment. as said Administration shall determine; and shall assess against and collect in advance from such banks and corporations the amount so apportioned. tdipetofcollections (c) The amounts collected pursuant to subsections (a) and (b) hereof shall be covered into the Treasury, and credited to a special fund, which fund is hereby authorized to be appropriated to said Administration for expenditure during each fiscal year for salaries and expenses applicable to examination and administrative super- Determiatsion as set forth in the annual appropriation made for the same cost eermination fiscal year for salaries and expenses of said Administration. As soon services. etc. as practicable after the end of each such fiscal year, said Adminis- tration shall determine on a fair and reasonable basis (1) the cost [58 STAT. 740

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