Page:United States Statutes at Large Volume 61 Part 1.djvu/602

 PUBLIC LAWS-CH. 358 -JULY 30, 1947 toward the avoidance, termination, or minimizing of losses in the case of specific insured institutions: Provided,That notwithstanding any other provisions of this Actz except for the limitation in amount herein- before specified, the administrative expenses and other obligations of said Corporation shall be incurred, allowed, and paid in accordance 8 tat. 1255. with title IV of the Act of June 27, 1934, as amended (12 U. S. C. 1724-1730). Home Owners' Loan Corporation: Not to exceed $3,250,000 shall be 60 st available for administrative expenses, including health service pro- 5u.s. c. i 150. gram as authorized by the Act of August 8, 1946 (Public Law 658), and 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 capi- talized expenditures, expenses (including services performed on a force account, contract, or fee basis, but not including other personal services) in connection with the acquisition, protection, operation, maintenance, improvement, or disposition of real or personal property belonging to said Corporation or in which it has an interest, and legal fees and expenses: Provided, That notwithstanding any other pro- visions 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 48SAnP.2p. ,p. the Home Owners' Loan Act of 1933, as amended (12 U. S . C . 1461- 78t. 1468). Federal Housing Administration: In addition to the amounts avail- able by or pursuant to law (which shall be transferred to this authoriza- tion) for the administrative expenses of the Federal Housing Adminis- tration in carrying out duties imposed by or pursuant to law, not to exceed $20,000,000 of the various funds of the Federal Housing Admin- istration 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 12 Uat.o.5 1703 (f). 2 (f), title I of the National Housing 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 Federal Housing Administration, including not to exceed $1,500 for periodicals and newspapers; not to e6. xceed $1,500 for contract actuarial services; and health program as sU. s0. o 150. authorized by the Act of August 8, 1946 (Public Law 658): Provided, Nonadministrative That necessary expenses of the Administration (including both services performed on a contract or fee basis, but not including other personal services) in connection with the acquisition, protection, completion, 48 Stat. 124, 1247; operation, maintenance, improvement, or disposition of real or personal 5 tat. i. ' property of the Administration acquired under authority of titles I, 12 u.1S.64. T. an70d- 715 . s .c731743. II, and VI of said National Housing Act, shall be considered as 20Ate, pp. 18Z 93 nonadministrative for the purposes hereof: Provided further, That except as herein otherwise provided, the administrative expenses and other obligations, including nonadministrative expenses, of the Admin- istration shall be incurred, allowed, and paid in accordance with the provisions of said Act of June 27,1934, as amended (12 U. S . C . 1701). Federal Public Housing Authority: Of the amounts available by or pursuant to law for the administrative expenses of the Federal Public Housing Authority in carrying out duties imposed by or pur- suant to law including not to exceed $2,200,000 of the funds available Me rof nds. for administrative expenses for the United States Housing Act pro- gram (all of which are hereby merged into a single administrative expense account), not to exceed $11,500,000 shall be available for such 578 [61 STAT.

�