Page:United States Statutes at Large Volume 80 Part 1.djvu/738

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PUBLIC LAW 89-556-SEPT. 7, 1966

[80 STAT.

FEDERAL CROP INSURANCE CORPORATION ADMINISTRATIVE AND OPERATING EXPENSES

For administrative and operating expenses, $8,446,000. FEDERAL CROP INSURANCE CORPORATION FUND

Not to exceed $4,100,000 of administrative and operating expenses may be paid from premium income: Provided, That in the event the Federal Crop Insurance Corporation F u n d is insufficient to meet indemnity payments and other charges against such Fund, not to exceed $500,000 may be borrowed from the Commodity Credit Corporation under such terms and conditions as the Secretary may prescribe, but repayment of such amount shall include interest at a rate not less than the cost of money to the Commodity Credit Corporation for a comparable period. COMMODITY CREDIT CORPORATION REIMBURSEMENT FOR NET REALIZED LOSSES

75 Stat. 391.

68 Stat. 455; 7 USC 1691 et seq-

To partially reimburse the Commodity Credit Corporation for net realized losses sustained but not previously reimbursed, pursuant to the Act of August 17, 1961 (15 U.S.C. 713a-ll, 7l3a-12), $3,555,855,000: Provided, That no funds appropriated by this Act shall be used to formulate or administer programs for the sale of agricultural commodities pursuant to Titles I or IV of Public Law 480, 83rd Congress, ^s amended, to any nation which sells or furnishes or which permits shi^s OT aircraft under its registry to transport to North Vietnam any equipment, materials or commodities, so long as North Vietnam is governed by a Communist regime. LIMITATION ON ADMINISTRATIVE EXPENSES

31 USC 665.

Nothing in this Act shall be so construed as to prevent the Commodity Credit Corporation from carrying out any activity or any program authorized by law: Provided, That not to exceed $34,300,000 shall be available for administrative expenses of the Corporation: Provided further, That $945,000 of this authorization shall be available only to expand and strengthen the sales program of the Corporation pursuant to authority contained in the Corporation's charter: Provided further, That not less than 7 per centum of this authorization shall be placed in reserve to be apportioned pursuant to section 3^*^^ Qf the Revised Statutes, as amended, for use only in such amounts and at such times as may become necessary to carry out program operations: Provided further. That all necessary expenses (including legal and special services performed on a contract or fee basis, but not 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.

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