Page:United States Statutes at Large Volume 91.djvu/852

 91 STAT. 818 '

PUBLIC LAW 95-97—AUG. 12, 1977 COMMODITY CREDIT CORPORATION REIMBURSEMENT FOR NET REALIZED LOSSES

To reimburse the Commodity Credit Corporation for net realized losses sustained in prior years, but not previously reimbursed, pursuant to the Act of August 17, 1961 (15 U.S.C. 7l3a-ll, Tl3a-12), $524,342,000. LIMITATION ON ADMINISTRATIVE EXPENSES

15 USC 713a-10.

Report. Reports to congressional committees.

31 USC 665. Land acquisition

Not to exceed $39,800,000 shall be available for administrative expenses of the Commodity Credit Corporation: Provided, That this authorization shall be available to support the Office of the General Sales Manager which shall work to expand and strengthen sales of U.S. commodities in world markets (including those of the Corporation) pursuant to existing authority (including that contained in the Corporation's charter), and that such funds shall be used by the General Sales Manager to carry out the above activities. The General Sales Manager shall report directly to the Board of Directors of the Corporation of which the Secretary of Agriculture is a member. The General Sales Manager shall obtain, assimilate, and analyze all available information on developments related to private sales, as well as those funded by the Corporation, including grade and quality as sold and as delivered and shall submit quarterly reports to the appropriate committees of Congress concerning such developments: Provided further, That not less than 7 per centum of this authorization shall be placed in reserve to be apportioned pursuant to section 3679 of 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,

TITLE II—RURAL DEVELOPMENT PROGRAMS RURAL DEVELOPMENT ASSISTANCE FARMERS HOME ADMINISTRATION RURAL HOUSING INSURANCE F U N D

42 USC 1487. 42 USC 1471.

For direct loans and related advances pursuant to section 517(m) of the Housing Act of 1949, as amended, $15,000,000 shall be available from funds in the rural housing insurance fund, and for insured loans as authorized by title V of the Housing Act of 1949, as amended, $3,379,000,000, of which not less than $2,330,000,000 shall be available for subsidized interest loans to low-income borrowers as determined by the Secretary: Provided, That unsubsidized interest guaranteed loans of not to exceed $900,000,000 shall be in addition to these amounts. For an additional amount to reimburse the rural housing insurance fund for losses sustained in prior years, but not previously reimbursed, in carrying out the provisions of title V of the Housing Act

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