Page:United States Statutes at Large Volume 62 Part 1.djvu/1221

 62 STAT.] 80TH OONG., 2D SESS.-CH. 773-JUNE 30,1948 Not to exceed $3,000 of the funds available to the Housing and Home Finance Agency for expenses of travel shall be available, when specif- ically authorized by the Administrator or head of the constituent agency concerned, for expenses of attendance at meetings of organiza- tions concerned with the function or activity for which the appropria- tion or authorization is made. DEPARTMENT OF AGRICuTOutRE Federal Farm Mortgage Corporation: Not to exceed $2,000,000 (to be computed on an accrual basis) of the funds of the Corporation shall be available for administrative expenses, including employment on a contract or fee basis of persons, firms, and corporations for the performance of special services, including legal services, and the use of the services and facilities of Federal land banks, national farm loan associations, Federal Reserve banks, and agencies of the Govern- ment as authorized by the Act of January 31, 1934 (12 U. S . C. 1020-1020h); and said total sum shall be exclusive of interest expense, and expenses in connection with the acquisition, operation, mainte- nance, improvement, protection, or disposition of real or personal property belonging to the Corporation or in which it has an interest: Provided, That of the funds available to the Corporation for admin- istrative expenses, not to exceed $244,000 shall be available for payment to the Farm Credit Administration for supervisory or other services rendered: Providedfurther, That prior to June 30, 1949, not less than $68,000,000, and all additional cash funds in excess of operating requirements for the fiscal year 1949, shall be declared as dividends and paid into the general fund of the Treasury: Provided further, That the aggregate amount of bonds the Corporation may issue and have outstanding at any one time shall not exceed $500,00,000. Federal intermediate credit banks: Not to exceed $1,607,500, of which $107,500 shall be available only for liquidation of obligations incurred in the fiscal year 1948 (to be computed on an accrual basis), of the funds of the banks shall be available for administrative expenses, including the purchase of not to exceed five passenger motor vehicles for replacement only, services performed for the banks by other Gov- ernment agencies (except services performed by the banks for coop- eratives in connection with loans to cooperative associations redis- counted or pledged with the Federal intermediate credit banks, and services performed by any Federal Reserve bank and by the United States Treasury in connection with the financial transactions of the banks); and said total sum shall be exclusive of interest expense, legal and special services performed on a contract or fee basis, and expenses in connection with the acquisition, operation, maintenance, improve- ment, protection, or disposition of real or personal property belonging to the banks or in which they have an interest: Proied,That of the funds available to the banks for administrative expenses, not to exceed $330,000, of which $80,000 shall be available only for liquida- tion of obligations incurred in the fiscal year 1948, shall be available for payment to the Farm Credit Administration for supervisory or other services rendered. Production credit corporations: Not to exceed $1,500,000 (to be com- puted on an accrual basis) of the funds of the corporations shall be available for administrative expenses, including the purchase of not to exceed three passenger motor vehicles (for replacement only), services performed for the corporations by other Government agen- cies; and said total sum shall be exclusive of interest expense, legal and special services performed on a contract or fee basis, and expenses in connection with the acquisition, operation, maintenance, improve- ment, protection, or disposition of real or personal property belonging 1191 Travel expenses. 48 Stat. 344 . Dividends. Bonds. Administrative ex- penses.

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