Page:United States Statutes at Large Volume 79.djvu/171

 79 STAT. ]

PUBLIC LAW 89-41-JUNE 17, 1965

premiums) attributable to the insured groups established under this section shall be separately determined. Such amounts in the Veterans Special Term Insurance Fund in the Treasury, not exceeding $1,650,000 in the aggregate, as may hereafter be determined by the Administrator to be m excess of the actuarial liabilities of that fund, including contingency reserves, shall be available for transfer to the Veterans Eeopened Insurance Fund as needed to provide initial capital. Any amounts so transferred shall be repaid to the Treasury over a reasonable period of time with interest as determined by the Secretary of the Treasury taking into consideration the average yield on all marketable interest-bearing obligations of the United States of comparable maturities then forming a part of the public debt." (4) By striking the words "subsection (b) of" wherever they appear in subsection (d)(2). (5) By striking the following words from subsection (d)(3): "or the National Service Life Insurance appropriation, as appropriate,". Approved June 14, 1965.

131 Initial capital.

Public Law 89-41 AN ACT To provide assistance to the States of California, Oregon, Washington, Nevada, and Idaho for the reconstruction of areas damaged by recent floods and high waters.

June 17, 1965 [S. 2089]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That Congress ^^^i^^l^^^^^^^ hereby recognizes (1) that the States of California, Oregon, Washing- Refief AcTof 1965 ton, Nevada, and Idaho have experienced extensive property loss and damage as the result of floods and high waters during December 1964, and January and February 1965, (2) that much of the affected area is federally owned and administered, and (3) that the livelihood of the people in the area is dependent on prompt restoration of transportation facilities, and therefore Congress declares the need for special measures designed to aid and accelerate those States in their efforts to provide for the reconstruction of devastated areas. Highways, roads, SEC. 2. There is authorized to be appropriated, out of any money etc., reconstruction. in the Treasury not otherwise appropriated, in addition to the Appropriation. amounts authorized in section 125 of title 23 of the United States Code, not to exceed $50,000,000 for the fiscal year ending June 30, 73 Stat. 612. 1965, and not to exceed $20,000,000 for the fiscal year ending June 30, 1966. Such sums shall be obligated and expended by the Secretary of Commerce in accordance with such section 125, and related provisions of title 23 of the United States Code for the repair and reconstruction of highways, roads, and trails, damaged as the result of a disaster. Timber sales SEC. 3. (a) Notwithstanding provisions of existing contracts, the ^„„^.„^^^., recontractors, Secretary of the Interior and the Secretary of Agriculture, separately, imbursVm'en'ts." and as part of the regular road and trail construction program, shall reimburse timber sale contractors or otherwise arrange to bear road and trail construction and restoration costs either directly or in cooperation with timber purchasers to the extent of costs determined by the respective Secretary as incurred or to be incurred for restoring roads in any stage of construction authorized by a contract for the purchase of timber from lands under his jurisdiction to substantially the same condition as existed prior to the damage resulting from the floods of December 1964, and January and February of 1965 in California, Oregon, Washington, Nevada, and Idaho, and to the

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