Page:United States Statutes at Large Volume 71.djvu/276

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PUBLIC LAW 85-69-JUNE 29, 1957

12 USC 1730.

48 Stat. 1255.

[71 S T A T.

proceedings under section 407 of the National Housing Act, liquidation or handling of assets of or derived from insured institutions, payment of insurance, and action for or toward the avoidance, termination, or minimizing of losses in the case of insured institutions, legal fees and expenses, and payments for administrative expenses of the Federal Home Loan Bank Board determined by said Board to be properly allocable to said Corporation, and said Corporation may utilize and may make payment for services and facilities of the Federal homeloan banks, the Federal Reserve banks, the Federal Home Loan Bank Board, and other agencies of the Government: Provided, That not to exceed $15,400 shall be available for expenses of travel: 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 said Corporation shall be incurred, allowed and paid in accordance with title IV of the Act of June 27, 1934, as amended (12 U.S.C. 1724-1730). HOUSING AND HOME FINANCE AGENCY

Office of the Administrator, college housing loans: Not to exceed $1,377,000 shall be available for all administrative expenses, which shall be on an accrual basis, of carrying out the functions of the Office of the Administrator under the program of housing loans to educational institutions (title IV of the Housing Act of 1950, as amended, 64 Stat. 77. 12 U.S.C. 1749-I749d), but this amount shall be exclusive of payment for services and facilities of the Federal Reserve banks or any member thereof, the Federal home-loan banks, and any insured bank within the meaning of the Act creating the Federal Deposit Insurance Cori2*us"c ^18 11 poration (Act of August 23, 1935, as amended, 12 U.S.C. 264) which "*»**• has been designated by the Secretary of the Treasury as a depository of public money of the United States: Provided, That not to exceed $42,000 shall be available for expenses of travel. Office of the Administrator, public facility loans: Not to exceed $400,000 of funds in the revolving fund established pursuant to title 4 2 uf c^i 4*9 1- II of the Housing Amendments of 1955, as amended, shall be available 1495.

for administrative expenseSj b u t t h i s a m o u n t shall be exclusive of payment for services and facilities of the Federal Reserve b a n k s or any m e m b e r thereof, the Federal home-loan b a n k s, and any insured b a n k

within the meaning of the Act creating the Federal Deposit Insurance Corporation (Act of August 23, 1935, as amended, 12 U.S.C. 264) which has been designated by the Secretary of the Treasury as a depository of public money of the United States, Office of the Administrator, revolving fund (liquidating programs): During the current fiscal year not to exceed $1,100,000 shall be available for administrative expenses (including not to exceed $133,000 for travel), but this amount shall be exclusive of costs of services performed on a contract or fee basis in connection with termination of contracts and legal services on a contract or fee basis and of payment for services and facilities of the Federal Reserve banks or any member thereof, any servicer approved by the Federal National Mortgage Association, the Federal home-loan banks, and any insured bank within the meaning of the Act of August 23, 1935, as amended, noti! " ^ ^ ^*^^ creating the Federal Deposit Insurance Corporation (12 U.S.C. 264) which has been designated by the Secretary of the Treasury as a depository of public money of the United States: Provided, That all expenses, not otherwise specifically limited in connection with the programs provided for under this head shall not exceed $600,000, but this limitation shall not apply to expenses (other than for personal services) in connection with disposition of federally owned projects.

12 USC note.

18 II

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