Page:United States Statutes at Large Volume 63 Part 1.djvu/385

 63 STAT.] 81ST CONG. , 1ST SESS.-CH. 280-JUNE 29, 1949 including other personal services) in connection with the acquisition, operation, maintenance, improvement, or disposition of any real or personal property belonging to the Corporation or in which it has an interest, including expenses of collections of pledged collateral, shall be considered as nonadministrative expenses for the purposes hereof. Federal Farm Mortgage Corporation: Not to exceed $1,500,000 (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 services and facilities furnished and examinations made by the Farm Credit Administration central office, interest expense, and expenses in con- nection with the acquisition, operation, maintenance, improvement, protection, or disposition of real or personal property belonging to the Corporation or in which it has an interest: Provided, That promptly after June 30 of each fiscal year all cash funds in excess of the estimated operating requirements for the current fiscal year shall be declared as dividends and paid into the general fund of the Treasury: Provided further, That the aggregate amount of bonds the Corpora- tion may issue and have outstanding at any one time shall not exceed $500,000,000. Federal intermediate credit banks: Not to exceed $1,398,000 (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 two passenger motor vehicles for replacement only, services performed for the banks by other Government agencies (except services and facilities furnished and examinations made by the Farm Credit Administration central office, 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 acqui- sition, operation, maintenance, improvement, protection, or disposi- tion of real or personal property belonging to the banks or in which they have an interest. Production credit corporations: Not to exceed $1,328,000 (to be computed on an accrual basis) of the funds of the corporations shall be available for administrative expenses, including the purchase of one passenger motor vehicle for replacement only, and services performed for the corporations by other Government agencies (except services and facilities furnished and examinations made by the Farm Credit Administration central office); and said total sum shall be exclusive of interest expense, legal and special services performed on a con- tract or fee basis, and expenses in connection with the acquisition, operation, maintenance, improvement, protection, or disposition of real or personal property belonging to the corporations or in which they have an interest. REDUCTION IN APPROPRIATIONS Amounts available from appropriations are hereby reduced in the sums hereinafter set forth, such sums to be carried to the surplus fund and covered into the Treasury immediately upon the approval of this Act: 347 48 Stat. 344. 12 U. S. C., Supp. II, § 1020c1. Dividends. Bonds.

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