Page:United States Statutes at Large Volume 71.djvu/275

 71

STAT.]

PUBLIC LAW 85-69-JUNE 29, 1957

239

SEC. 108. None of the sections under the head "Independent Offices, Nonappiicability. General Provisions" in this title shall apply to the Housing and Home Finance Agency. TITLE II—CORPORATIONS The following corporations and agencies, respectively, are hereby authorized to make such expenditures, within the limits of funds and borrowing authority available to each such corporation or agency and in accord with law, and to make such contracts and commitments without regard to fiscal year limitations as provided by section 104 of the Government Corporation Control Act, as amended, as may be necessary in carrying out the programs set forth in the Budget for the fiscal year 1958 for each such corporation or agency, except as hereinafter provided:

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FEDERAL HOME LOAN BANK BOARD Federal Home Loan Bank Board: Not to exceed a total of $1,260,000 shall be available for administrative expenses of the Federal Home Loan Bank Board, and shall be derived from funds available to the Federal Home Loan Bank Board, including those in the Federal Home Loan Bank Board revolving fund and receipts of the Federal Home Loan Bank Administration, the Federal Home Ix)an Bank Board, or the Home Loan Bank Board for the current fiscal year and prior fiscal years, and the Board may utilize and may make payment for services and facilities of the Federal home-loan banks, the Federal Reserve banks, the Federal Savings and Loan Insurance Corporation, and other agencies of the Government: Provided, That all necessary expenses in connection with the conservatorship of institutions insured by the Federal Savings and Loan Insurance Corporation or preparation for or conduct of proceedings under section 5(d) of the Home 68 Stat. 634; 64 Owners' Loan Act of 1933 or section 407 of the National Housing Act 12 USC 1464 and all necessary expenses (including services performed on a contract "°**' ^'^°* or fee basis, but not including other personal services) in connection with the handling, including the purchase, sale, and exchange, of securities on behalf of Federal home-loan banks, and the sale, issuance, and retirement of, or payment of interest on, debentures or bonds, under the Federal Home Loan Bank Act, as amended, shall be conW^^'c^i'^21sidered as nonadministrative expenses for the purposes hereof: Pro- H49. 'oided further, That not to exceed $46,950 shall be available for expenses of travel: Provided further, That members and alternates of the Federal Savings and Loan Advisory Council shall be entitled to reimbursement from the Board as approved by the Board for transportation expenses incurred in attendance at meetings of or concerned with the work of such Council and may be paid not to exceed $25 per diem in lieu of subsistence: Provided further, That notwithstanding any other provisions of this Act, except for the limitation in amount hereinbefore specified, the administrative expenses and other obligations of the Board shall be incurred, allowed, and paid in accordance with the provisions of the Federal Home Loan Bank Act of July 22, 1932, as amended (12 U. S. C 1421-1449): Provided further. That the nonadministrative expenses for the examination of Federal and State chartered institutions (other than special examinations determined by the Board to be necessary) shall not exceed $5,665,000. Federal Savings and Loan Insurance Corporation: Not to exceed $675,000 shall be available for administrative expenses, which shall be on an accrual basis and shall be exclusive of interest paid, depreciation, properly capitalized expenditures, expenses in connection with liquidation of insured institutions or preparation for or conduct of

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