Page:United States Statutes at Large Volume 88 Part 2.djvu/515

 88 STAT. ]

PUBLIC LAW 93-563-DEC. 31, 1974

1831

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. TITLE II—KUEAL DEVELOPMENT PEOGRAMS DEPARTMENT or AGRICULTURE RURAL DEVELOPMENT SERVICE

For necessary expenses, not otherwise provided for, of the Kural Development Service in providing leadership, coordination, and related services in carrying out the rural development activities of the Department of Agriculture and for carrying out the responsibilities of the Secretary of Agriculture under section 701 of the Housing Act of 1954, as amended (40 U.S.C. 461), $955,000: Provided, That this appropriation shall be available for employment pursuant to the second sentence of section 706(a) of the Organic Act of 1944 (7 U.S.C., 2225), and not to exceed $3,000 shall be available for employment under 5 U.S.C. 3109. RURAL DEVELOPMENT GRANTS

For grants pursuant to section 310B(c) of the Consolidated Farm and Eural Development Act, as amended (7 U.S.C. 1932), $13,750,000. RESOURCE CONSERVATION AND DEVELOPMENT

For necessary expenses in planning and carrying out projects for resource conservation and development, and for sound land use, pursuant to the provisions of section 32(e) of title III of the BankheadJones F a r m Tenant Act, as amended (7 U.S.C. 1011; 76 Stat. 607), and the provisions of the Act of April 27, 1935 (16 U.S.C. 590a-f), $19,868,000, to remain available until expended: Provided, That $3,600,000 in loans may be insured, or made to be sold and insured, under the Agricultural Credit Insurance Fund of the Farmers Home Administration (86 Stat. 663): Provided further, That this appropriation shall be available for field employment pursuant to the second sentence of section 706(a) of the Organic Act of 1944 (7 U.S.C. 2225), and not to exceed $50,000 shall be available for employment under 5 U.S.C. 3109. RURAL ELECTRIFICATION ADMINISTRATION

To carry into effect the provisions of the Rural Electrification Act of 1936 as amended (7 U.S.C. 901-950(b)), as follows: RURAL ELECTRIFICATION ADMINISTRATION RURAL E L E C T R I F I C A T I O N AND TELEPHONE REVOLVING FUND LOAN AUTHORIZATIONS

Insured loans pursuant to the authority of section 305 of Public Law 93-32 shall be made as follows: rural electrification loans, not less than $700,000,000, and rural telephone loans, not less than $200,000,000, to remain available until expended: Provided, That loans made pursuant to section 306 of that Act are in addition to these amounts.

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