Page:United States Statutes at Large Volume 72 Part 1.djvu/1122

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PUBLIC LAW 85-844-AUG. 28, 1958

[72 S T A T.

LIMITATION ON ADMINISTRATIVE EXPENSES, OFFICE OF THE ADMINISTRATOR, REVOLVING F U N D (LIQUIDATING PROGRAMS)

During the current fiscal year not to exceed $600,000 shall be available for administrative expenses (including not to exceed $38,000 for travel), but this amount shall be exclusive of expenses necessary in the case of defaulted obligations to protect the interests of the Government 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 12 USC 811 note, bank within the meaning of the Act of August 23, 1935, as amended, 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. LIMITATION ON ADMINISTRATIVE EXPENSES, FEDERAL NATIONAL MORTGAGE ASSOCIATION

Not to exceed $4,750,000 shall be available for administrative expenses, which shall be on an accrual basis, and shall be exclusive of interest paid, expenses (including expenses for fiscal agency services performed on a contract or fee basis) in connection with the issuance and servicing of securities, depreciation, properly capitalized expenditures, fees for servicing mortgages, expenses (including services performed on a force account, contract, or fee basis, but not including other personal services) in connection with the acquisition, protection, operation, maintenance, improvement, or disposition of real or personal property belonging to said Association or in which it has an interest, cost of salaries, wages, travel, and other expenses of persons employed outside of the continental United States, expenses of services performed on a contract or fee basis in connection with the performance of legal services, and all administrative expenses reimbursable from other Government agencies, and said Association may utilize and may make payment for services and facilities of the Federal Reserve banks and other agencies of the Government: Provided, That the distribution of administrative expenses to the accounts of the Association shall be made in accordance with generally recognized accounting principles and practices: Provided further, That not to exceed $137,500 shall be available for expenses of travel. LIMITATION ON ADMINISTRATIVE AND NONADMINISTRATIVE EXPENSES, FEDERAL HOUSING ADMINISTRATION

48 Stat. 1246. 68 Stat. 1114.

12 us^c?702

For administrative expenses in carrying out duties imposed by or pursuant to law, not to exceed $7,300,000 of the various funds of the Federal Housing Administration shall be available, in accordance with the National Housing Act, as amended (12 U.S.C. 1701), including uniforms or allowances tnerefor, as authorized by the Act of September 1, 1954, as amended (5 U.S.C. 2131): Provided, That, except as herein otherwise provided, all expenses and obligations of said Administration shall be incurred, allowed, and paid m accordance with the provisions of said Act: Provided further, That not to exceed $445,000 shall be available for expenses of travel: Provided further, That funds shall be available for contract actuarial services (not to exceed $1,500); and purchase of periodicals and newspapers (not to exceed $750): Provided further, That nonadministrative expenses classified by section 2 of Public Law 387, approved October 25, 1949, shall not exceed $38,500,000.

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