Page:United States Statutes at Large Volume 60 Part 1.djvu/618

 60 STAT.] 79TH CONG. , 2D SESS.-CH. 589-JULY 20, 1946 behalf of Federal home-loan banks, and the sale, issuance, and retire- ment of, or payment of interest on, debentures or bonds, under the Federal Home Loan Bank Act, as amended, shall be considered as nonadministrative expenses for the purposes hereof: Provided fur- ther, That notwithstanding any other provisions of this Act, except for the limitation in amount hereinbefore specified, the administrative expenses and other obligations of the Administration shall be incurred, allowed, and paid in accordance with the provisions of the Federal Home Loan Bank Act of July 22, 1932, as amended (12 U. S. C . 1421-1449). Federal Savings and Loan Insurance Corporation: Provided,That not to exceed $532,000 shall be available for administrative expenses, including the use of services and facilities of the Federal home-loan banks, Federal Reserve banks, and agencies of the Government, includ- ing the Federal Home Loan Bank Administration and the Home Own- ers' Loan Corporation, which shall be on an accrual basis and shall be exclusive of interest paid, depreciation, properly capitalized expendi- tures, and expenses in connection with liquidation of insured institu- tions, liquidation or handling of assets of or derived from insured institutions, payment of insurance, and action for or toward the avoidance, termination, or minimizing of losses in the case of specific insured institutions: Provided further, That notwithstanding any other provisions of this Act, except for the limitation in amount here- inbefore specified, the administrative expenses and other obligations of said Corporation shall be incurred, allowed, and paid in accordance with title IV of the Act of June 27, 1934, as amended (12 U. S. C. 1724-1730). Home Owners' Loan Corporation: Provided, That not to exceed $4,650,000 shall be available for administrative expenses, including the use of services and facilities of the Federal home-loan banks, Federal Reserve banks, and agencies of the Government, including the Federal Home Loan Bank Administration and the Federal Savings and Loan Insurance Corporation, which shall be on an accrual basis and shall be exclusive of interest paid, depreciation, properly capitalized expendi- tures, expenses (including services performed on a force account, con- tract, or fee basis, but not including other personal services) in connec- tion with the acquisition, protection, operation, maintenance, improve- ment, or disposition of real or personal property belonging to said Cor- poration or in which it has an interest, and legal fees and expenses: Provided further That notwithstanding any other provisions of this Act, except for the limitation in amount hereinbefore specified, the administrative expenses and other obligations of said Corporation shall be incurred, allowed, and paid in accordance with the Home Own- ers' Loan Act of 1933, as amended (12 U. S . C . 1461-1468). Federal Housing Administration: Provided, That in addition to the amounts available by or pursuant to law (which shall be trans- ferred to this authorization) for the administrative expenses of the Federal Housing Administration in carrying out duties imposed by or pursuant to law, not to exceed $17,624,000 of the various funds of the Federal Housing Administration as follows: (1) The mutual mortgage insurance fund; (2) the housing insurance fund; (3) the account in the Treasury comprised of funds derived from premiums collected under authority of section 2 (f), title I of the National Hous- ing Act, as amended (12 U. S . C . 1701); and (4) the war housing insurance fund shall be available for expenditure, in accordance with the provisions of said Act for the administrative expenses of the Fed- eral Housing Administration, including, in addition to mileage at a rate not to exceed 4 cents per mile for travel by motor vehicle, reim- bursement for the actual cost of ferry fares and bridge, road, and 591 47 Stat. 725. 12 U. S. C., Supp. V, 1422 et seq. 48 Stat. 1255. 12 U. S. C., Supp. V, § 1725 et seq. 48 Stat. 128. 12 U. 8. C., Supp. V,§ 1463 dseq. 53 Stat. 805. 12 U. S. C., Supp. V, §1703 (f). Travel expenses.

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