Page:United States Statutes at Large Volume 61 Part 1.djvu/606

 PUBLIC LAWS-CH. 358 -JULY 30, 1947 Pbot, p. 23. Cost of liquidation. Payment of ter- mnl leave. Administrative du- ties. Liquidation. Pod,p. 623 . for repayment of bank loans outstanding at the date of enactment of this Act. For this purpose the Secretary of the Treasury is authorized and directed to make loans to the Company, out of any funds in the Treasury not otherwise appropriated, on such terms and conditions as the Secretary of the Treasury shall determine. Such loans shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the making of the loan to the Company. DEPARTMENT OF JUSTICE Federal Prison Industries, Incorporated: Not to exceed $225,000 (to be computed on an accrual basis) of the funds of the Corporation shall be available during the fiscal year 1948 for its administrative expenses, which shall be determined in accordance with the Corpora- tion's prescribed accounting system in effect on July 1, 1946, and shall be exclusive of depreciation, vocational training expenses, payment of claims, expenditures which the said accounting system requires to be capitalized or charged to cost of commodities acquired or produced, including selling and shipping expenses, and expenses in connection with acquisition, construction, operation, maintenance, improvement, protection, or disposition of facilities and other property belonging to the Corporation or in which it has an interest. DEPARTMENT OF STATE The Institute of Inter-American Affairs: Not to exceed $550,000 (to be computed on an accrual basis) of the funds available to the Corporation shall be available during the fiscal year 1948 for its administrative expenses, including not to exceed $3,000 shall be availa- ble for penalty mail, and the cost of administrative services performed for the Corporation by other Government agencies, which shall be determined in accordance with the Corporation's prescribed account- ing system in effect on July 1, 1946, and shall be exclusive of expendi- tures made outside continental United States, and expenditures which the Corporation's prescribed accounting system requires to be capital- ized or charged directly to or directly related to the operating pro- grams: Provided, That the total cost of liquidation shall be paid out of funds available to the Corporation without additional appropria- tions therefor. Institute of Inter-American Transportation: Not to exceed $3,000 of the funds available to the Corporation shall be available for pay- ment of terminal leave only: Provided, That all administrative duties and responsibilities shall be assumed by such officers and employees of the Department of State as the Secretary of State may designate, and who shall receive no additional compensation for such duties: Provided further, That the Secretary of State shall take appropriate steps to secure the final dissolution and liquidation of said Corporation at the earliest practicable date: Provided further, That the total cost of liquidation shall be paid out of funds available to the Corporation without additional appropriations therefor. Inter-American Educational Foundation, Inc.: Not to exceed $250,000 (to be computed on an accrual basis) of the funds available to the Corporation shall be available during the fiscal year 1948 for its administrative expenses, including not to exceed $1,500 shall be available for penalty mail; including the cost of administrative service performed for the Corporation by other Government agencies, which shall be determined in accordance with the Corporation's prescribed 682 [61 STAT.

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