Page:United States Statutes at Large Volume 62 Part 1.djvu/1222

 PUBLIC LAWS-CH. 773-JUNE 30, 1948 Administrative ex- penses. Restriction. 61 Stat. 681. 48 Stat. 273 . 12U. .C., Supp.I, § 1148a. 48 Stat. 273. 12U. 8 .C., upp.I , i 1148a. 47 Stat. 713. 12U. 8 .C ., Supp. I, §1148. Administrative ex- penses. to the corporations or in which they have an interest: Provided, That of the funds available to the corporations for administrative expenses, not to exceed $232,000 shall be available for payment to the Farm Credit Administration for supervisory or other services rendered: Provided, That prior to June 30, 1949, the corporations shall return Government capital aggregating not less than $30,000,000 to the Treasury of the United States to be carried to the surplus fund and covered into the Treasury, and the Governor of the Farm Credit Administration is authorized and directed to cancel the capital stock of the corporations in par value amount equal thereto. Regional Agricultural Credit Corporation of Washington, Dis- trict of Columbia: Not to exceed $146,800 (to be computed on an accrual basis) of the funds of the Corporation shall be available for administrative expenses, including supervision and examination by the Farm Credit Administration and services performed for the Cor- poration by other Government agencies; 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 acquisi- tion, operation, maintenance, improvement, protection, or disposition of real or personal property belonging to the Corporation or in which it has an interest: Provided, That no other funds shall be available for administrative expenses of the Corporation: Provided further, That of the funds available to the Corporation for administrative expenses, not to exceed $21,000 shall be available for payment to the Farm Credit Administration for supervisory or other services rendered: Provided further, That $12,000 additional of the funds available for administrative expenses, fiscal year 1948, shall be avail- able for payment to the Farm Credit Administration for supervisory or other services rendered: Providedfurther, That for the fiscal year 1949, the revolving fund in the Treasury of the United States created by section 84 of the Act of June 16, 1933 (12 U. S . C. 1148a), for investment in any regional agricultural credit corporation shall be available only in the amount of $25,000,000: Providedfurther, That notwithstanding any provisions of law to the contrary, in addition to the foregoing the Corporation is authorized to utilize, from the revolving fund created by section 84 of the Farm Credit Act of 1933 (12 U.S . C. 1148a), such sums as may be necessary (a) to make loans, uring a period of five years, to bona fide fur farmers in accordance with the provisions of section 201 (e) of the Emergency Relief and Construction Act of 1932, as amended (12 U. S . C. 1148), all such loans to carry full personal liability of the borrowers and to be secured by such collateral as is deemed by the Corporation to be necessary to afford reasonable assurance of repayment, the aggregate principal amount of which loans shall not exceed $4,000,000 outstanding at any one time, and (b) not to exceed $25,000 for administrative expenses of the Corporation and the Farm Credit Administration in connection with such loans, which amount and the aforesaid item of $146,800 may be combined for accounting purposes. DEPARTMENT OF COMMERCE Inland Waterways Corporation: Not to exceed $498,800 shall be available for administrative expenses, to be determined in the manner set forth under the title "General expenses" in the Uniform System of Accounts for Carriers by Water of the Interstate Commerce Com- mission (effective January 1, 1947) for water operations, and in the manner set forth under the title "Operating expense accounts- general" in the Uniform System of Accounts for Steam Railroads of the Interstate Commerce Commission (issue of 1943) for railroad 1192 [62 STAT.

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