Page:United States Statutes at Large Volume 82.djvu/997

 82 STAT. ]

PUBLIC LAW 90-550-OCT. 4, 1968

955

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT LIMITATION ON ADMINISTRATIVE EXPENSES, HOUSING FOR THE ELDERLY OR HANDICAPPED

Not to exceed $1,272,000 of funds in the revolving fund established pursuant to section 202 of the Housing Act of 1959, as amended (12 U.S.C. iTOlq et seq.), shall be available for administrative expenses.

^^ Stat. es?;

79 Stat. 457.

LIMITATION ON ADMINISTRATIVE EXPENSES, COLLEGE HOUSING LOANS

Not to exceed $2,275,000 shall be available for all administrative expenses of carrying out the program of housing loans to educational institutions (12 U.S.C. 1749-1749d). ^

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64 Stat. 77; 77 Stat. 437.

LIMITATION ON ADMINISTRATIVE EXPENSES, PUBLIC FACILITY LOANS

Not to exceed $1,227,000 of funds in the revolving fund established pursuant to title II of the Housing Amendments of 1955, as amended, ^^ ^*^*- ^'•2. shall be available for administrative expenses. 149^"^^ ^*'^ LIMITATION ON ADMINISTRATIVE EXPENSES, REVOLVING F U N D (LIQUIDATING PROGRAMS)

During the current fiscal year not to exceed $100,000 shall be available for administrative expenses, but this amount shall be exclusive of expenses necessary in the case of defaulted obligations to protect the interests of the Government. LIMITATION ON ADMINISTRATIVE AND NONADMINISTRATIVE EXPENSES, FEDERAL HOUSING ADMINISTRATION

For administrative expenses in carrying out duties imposed by or pursuant to law, not to exceed $11,675,000 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): Provided, "^^ Stat. i246. That funds shall be available for contract actuarial services (not to exceed $1,500): Provided further, That nonadministrative expenses classified by section 2 of Public Law 387, approved October 25, 1949, ^^ f ^'- ^°^shall not exceed $93,000,000. ' ' ^"^ '''°^LIMITATION ON ADMINISTRATIVE EXPENSES, FEDERAL NATIONAL MORTGAGE ASSOCIATION

Not to exceed $10,000,000 shall be available for administrative expenses, which shall be on 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, and all administrative expenses reimbursable from other Government agencies: 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.

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