Page:United States Statutes at Large Volume 62 Part 1.djvu/1220

 PUBLIC LAWS-CH. 773-JUNE 30,1948 5stat. 1246, 1247; of titles I, II, and VI of said National Housing Act, shall be consid- 12 U. s. c. §§ 1701- ered as nonadministrative for the purposes hereof: Providedfurther, 1715c, 1736-1743; Supp. I,7517023et6s. That, except as herein otherwise provided, the administrative expenses nte, p. 101; post, and other obligations, including nonadministrative expenses, of the pp. 1209, 1268. Administration shall be incurred, allowed, and paid in accordance with the provisions of said Act of June 27, 1934, as amended (12 Post, p. 12 . U. S. C. 1701). Public Housing Administration: Of the amounts available by or pursuant to law for the administrative expenses of the Public Hous- ing Administration in carrying out duties imposed by or pursuant to law including not to exceed $2,500,000 of the funds available for admin- Mergeroffunds. istrative expenses for the United States Housing Act program (all of which are hereby merged into a single administrative expense account), not to exceed $9,500,000 shall be available for such expenses subject to the provisions of section 6 (b) of the Act of September 1, 1937, as 0 Stat. 890. amended, 42 U. S. C. 1406 (b), including health-service program as 60 Stat. 903. authorized by law (5 U. S . C . 150): Provided, That the number of offi- cers and employees in classification grades 11 of the clerical, adminis- trative, and fiscal service, and 4 of the professional service, and higher grades shall not exceed 20 per centum of the total number of officers Nonadministrative and employees paid from such funds: Provided further, That neces- sary expenses of providing representatives of the Administration at the sites of non-Federal projects in connection with the construction of such non-Federal projects by public housing agencies with the aid of the Administration, shall be compensated by such agencies by the payment of fixed fees which in the aggregate in relation to the develop- ment costs of such projects will cover the costs of rendering such serv- ices, and expenditures by the Administration for such purpose shall be considered nonadministrative expenses, and funds received from such payments may be used only for the payment of necessary expenses of providing representatives of the Administration at the sites of non- Federal projects or for administrative expenses of the Administration not in excess of the amount authorized by the Congress. Liquidation of resettlement projects: Not to exceed $40,000 of the receipts derived from the operation of the projects transferred under 61utat. 55p. section 4 (b) of Reorganization Plan Numbered 3 of 1947 shall be 5U.S.C., Supp.I, i133y-16note. available for necessary expenses in connection with and to facilitate disposition of the suburban resettlement projects known as Greenbelt, Greendale, and Greenhills including services in accordance with sec- 60 Stat. 810. tion 15 of the Act of August 2,1946 (5 U. S. C . 55a). Transfer of capital Defense Homes Corporation: Within thirty days after the date of enactment hereof the Housing and Home Finance Administrator shall transfer or cause to be transferred to the Reconstruction Finance Cor- poration, without reimbursement or other consideration, all of the capi- tal stock of Defense Homes Corporation, together with the stock cer- tificates evidencing the ownership of such stock. All assets and liabili- ties of every kind and nature and all records of Defense Homes Cor- poration shall be transferred, not later than July 30, 1948, as of June 30, 1948 (the corporate records for the fiscal year 1948 to be closed by Defense Homes Corporation prior to actual transfer thereof), to the Reconstruction Finance Corporation, without reimbursement or other consideration, for the purpose of liquidation in an orderly manner. Liqudation. The Reconstruction Finance Corporation shall proceed to liquidate the affairs of the Defense Homes Corporation, including realization of the value of all its assets and settlement of all its legal liabilities including t the existing indebtedness of Defense Homes Corporation to the Recon- Netproceeds. struction Finance Corporation. Any net proceeds remaining after the payment of all obligations of Defense Homes Corporation, and all administrative expenses incurred in its liquidation, shall be cov- ered into the Treasury as miscellaneous receipts. 1190 [62 STAT.

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