Page:United States Statutes at Large Volume 59 Part 1.djvu/178

 PUBLIC LAWS-CH. 109 -MAY 5, 1945 Assistance to needy farmers. 57 Stat. 542 . 58 Stat. 742. 5U.. C., Supp. IV, 6574. Semiannual report to Congress. Orant payments. Work requirement. Disability or death benefits. 48 Stat. 351. 5 U. .C .,Supp.IV, 796 note. Advances from RFO. Repayment. Increase of RFC obligations. LOANS, GRANTS, AND RURAL REHABILITATION To enable the Secretary through the War Food Administration to continue to provide assistance through rural rehabilitation and grants to needy farmers in the United States, its Territories and possessions, including (1) loans to needy individual farmers, (2) grants, (3) making and servicing of loans and grants under this and prior laws, (4) farm debt adjustment service, (5) liquidation as expeditiously as possible of Federal rural rehabilitation projects under the supervision of the War Food Administration, and (6) servicing and collecting loans made under the provisions of the Act of July 12, 1943, Public Law 140, as amended, $22,357,264, together with not to exceed $198,000 of the unobligated balance of the appropriation made to carry out the provisions of said Act, which sums shall be also available for necessary administrative expenses incident to the foregoing, including personal services in the District of Columbia and elsewhere; not to exceed $57,000 for employment pursuant to the second sentence of section 706 (a) of the Act of September 21, 1944 (Public Law 425); purchase of lawbooks, books of reference, periodicals, and not to exceed $1,000 for news- papers; and printing and binding: Provided, That the War Food Administrator shall transmit to the Congress semiannually a progress report with respect to the liquidation of Federal rural rehabilitation projects, under his supervision, showing by name and by States all dispositions of such projects, or parts thereof, together with the amounts of Federal funds expended in the process of liquidation, and any losses incurred in the use of such funds. In making any grant payments under this Act, the Secretary is authorized to require with respect to such payments the performance of work on useful public projects, Federal and non-Federal, including work on private or public land in furtherance of the conservation of natural resources, and the provisions of the Act of February 15, 1934 (5 U. S. C. 796), as amended, relating to disability or death compensa- tion, and benefits shall apply to those persons performing such work: Provided,That this section shall not apply to any case coming within the purview of the workmen's compensation law of any State, Terri- tory, or possession, or in which the claimant has received or is entitled to receive similar benefits for injury or death. For additional funds for the purpose of making rural rehabilita- tion loans to needy individual farmers, who are unable to obtain credit elsewhere at comparable rates for the area where such loan is pro- posed to be made, the Reconstruction Finance Corporation is author- ized and directed to make advances to the Secretary upon his request in an aggregate amount of not to exceed $67,500,000. Such advances shall be made (1) with interest at not to exceed the rate of 3 per centum per annum payable semiannually; (2) upon the security of obligations acceptable to the Corporation heretofore or hereafter acquired by the Secretary pursuant to law; (3) in amounts which shall not exceed 75 per centum of the then unpaid principal amount of the obligations securing such advances; and (4) upon such other terms and conditions, and with such maturities as the Corporation may determine. The Secretary shall pay to the Corporation, cur- rently as received by him, all moneys collected as payments of prin- cipal and interest on the loans made from the amounts so advanced or collected upon any obligations held by the Corporation as security for such advances, until such amounts are fully repaid. The amount of notes, debentures, bonds, or other such obligations which the Cor- poration is authorized and empowered to issue and to have outstand- ng at any one time under the provisions of law in force on the date [59 STAT.

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