68 S T A T. ]
PUBLIC LAW 4 2 8 - J U N E 24, 1954
295
connection with the performance of legal services, and all administrative expenses reimbursable from other Government agencies; and said Association may utilize and may make payment for services and facilities of the Federal Reserve banks and other agencies of the Government: 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: Provided further, That not to exceed $87,750 shall be available for expenses of travel: Provided further, That administrative expenses not under limitation for the purposes set forth in the budget schedules for the fiscal year 1955 shall not exceed $150,000. Office of the Administrator, housing loans to educational institutions: Xot to exceed $375,000 shall be available for all administrative expenses, which shall be on an accrual basis, of carrying out the functions of the Office of the Administrator under the program of housing loans to educational institutions (title IV of the Housing Act of 1950, 12 U.S.C. 1749-I749d), but this amount shall be exclusive of payment 64 Stat. 77. for services and facilities of the Federal Reserve banks or any member thereof, the Federal home-loan banks, and any insured bank within the meaning of the Act creating the Federal Deposit Insurance Corporation (Act of August 23, 1935, as amended, 12 U.S.C. 264) which stau^^^.* ^®*' ^^ has been designated by the Secretary of the Treasury as a depository of public money of the United States: Provided, That not to exceed $19,000 shall be available for expenses of travel. Office of the Administrator, revolving fund (liquidating programs): There is established as of June 30, 1954, a revolving fund, and the Administrator is authorized to credit said fund with all moneys hereafter obtained or now held by him or by any constituent agency of the Housing and Home Finance Agency or any other official thereof, and to account under said fund for all assets and liabilities, in connection with (1) community facilities provided or assisted under title II of the Lanham Act, as amended (42 U.S.C. 1531-1534), or ss Stat. aei. under title III of the Defense Housing and Community Facilities and Services Act of 1951, as amended (42 U.S.C. 1592-1592n); (2) loans 65 Stat. 303. or advances made pursuant to title V of the War Mobilization and Reconversion Act of 1944 (58 Stat. 791), or the Act of October 13, 1949 (40 U.S.C. 451-458); (3) functions transferred under Reorgani- 63 Stat. 841. zation Plan No. 23 of 1950 (5 U.S.C. 133z-15, note), or authorized 64 Stau 1279. under sections 102, 102a, 102b, and 102c of the Housing Act of 1948, 62 as amended (12 U.S.C. 1701g-1701g-3); (4) notes or other obliga- Stat. Stat. 1275; 65 312. tions purchased pursuant to the Alaska Housing Act, as amended (48 U.S.C. 484 (a)); (5) subsistence homesteads and greentowns 63 Stat. 58. (Acts of June 29, 1936, 49 Stat. 2035, and May 19, 1949, 63 Stat. 68); 40 USC 431-434. (6) public war housing under title I of the Lanham Act, as amended (42 U.S.C. 1521-1524), and defense housing under title III of the 54 Stat. 112s. Defense Housing and Community Facilities and Services Act of 1951, as amended (42 U.S.C. 1592-1592n); and (7) veterans' re-use housing 65 Stat. 303. under title V of the Lanham Act, as amended (42 U.S.C. 1571-1575): 59 Stat. 260. Provided, That said fund shall be available for all necessary expenses (including administrative expenses) in connection with the liquidation of the programs carried out pursuant to the foregoing provisions of law, including operation, maintenance, improvement, or disposition of facilities, and for disbursements pursuant to putstanding commitments against moneys herein authorized to be credited to said fund, repayment of obligations to the Treasury, and refinancing and refunding operations on existing loans: Provided further, That any amount in said fund which is determined to be in excess of requirements for the purposes hereof shall be declared and paid as liquidating dividends to the Treasury not less often than annually: Provided further, That
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