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Administrative c o s t s, payment.

Application, filing date.

' 'Administrative costs."

PUBLIC LAW 93-185-DEC. 15, 1973

[87

STAT.

thence south 8 degrees 55 minutes west 550.00 feet, crossing a farm road to a dead white oak near head of the branch; thence south 24 degrees 45 minutes east 1628.00 feet to the beginning, containing 285.53 acres, more or less. Being a part of the same lands conveyed to the North Carolina Defense Relocation Corporation by deed from G. lE. Cavenaugh, widower, dated October 15, 1941, of record in book 194, page 440. SEC. 2. The Secretary shall require the deposit of a sum of money which he deems sufficient to cover estimated administrative costs of this Act. If conveyance is not made pursuant to this Act, and the administrative costs exceed the deposit, the Secretary shall bill the applicant for the outstanding amount, but if the amount of the deposit exceeds the actual administrative costs, the Secretary shall refund the excess. SEC. 3. No conveyance shall be made unless application for conveyance is filed with the Secretary within six months of the date of approval of this Act and unless within the time specified by him payment is made to the Secretary of (1) administrative costs of the conveyance and (2) the fair market value of the interest to be conveyed. The amount of the payment required shall be the difference between the amount deposited and the full amount required to be paid under this section. If the amount deposited exceeds the full amount required to be paid, the applicant shall be given a credit or refund for the excess. SEC. 4. The term "administrative costs" as used in this Act, includes, but is not limited to, all costs of (1) conducting such exploratory programs as the Secretary of the Interior deems necessary to determine the character of the mineral deposits in the land, (2) evaluating the data obtained under the exploratory programs to determine the fair market value of the mineral rights to be conveyed, and (3) preparing and issuing the instrument of conveyance. SEC. 5. Moneys paid to the Secretary for administrative costs shall be paid to the agency which rendered the service and deposited to the appropriation then current. Moneys paid for the minerals or mineral interests conveyed shall be deposited into the general fund of the Treasury as miscellaneous receipts. Approved December 15, 1973. Public Law 93-185

December 15, 1973 [H. R. 8528]

U.S. Soldiers' and Airmen's Home Permanent Fund. Interest rate, increase. 22 Stat. 565.

AN ACT To provide for increasing the amount of interest paid on the permanent fund of the United States Soldiers' and Airmen's Home.

Be it enacted by the Semite and House of Representatives of the United States of America in Congress assembled, That section 8 of the Act of March 3, 1883, chapter 130 (24 U.S.C. 46) is amended by striking out "the rate of 3 per centum per annum," and inserting in place thereof "a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such investments, adjusted to the nearest one-eighth of 1 per centum,". Approved December 15, 1973.

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