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PUBLIC LAW 176--JULY 31, 1953
[67 S T A T.
Office of the Administrator (housing loan programs): Not to exceed $525,625 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. 174964 Stat. 77. 1749d), the prefabricated housing program (sections 102, 102a, 102b, and 102c of the Housing Act of 1948, as amended, 12 U.S.C. iTOlgs t " 3*f2' ^^^^' ^^ l'^^lg~^)i ^^d the Alaska housing program (sections 3, 4, and 5 of the 63*Stat.' 58. Alaska Housing Act, as amended, 48 U.S.C. 484, 484a, and 484b), but this amount shall be exclusive of costs of services performed on a contract or fee basis in connection with termination of contracts and legal services on a contract or fee basis and of payment 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 stlf.lM: ^^*' ^"^ of August 23, 1935, as amended, 12 U.S.C. 264) which has been designated by the Secretary of the Treasury as a depository of public money of the United States: Provided, That not to exceed $27,000 shall be available for expenses of travel. Home Loan Bank Board: Not to exceed a total of $775,000 shall be available for administrative expenses of the Home Loan Bank Board, and shall be derived from funds available to the Home Loan Bank Board, including those in the Home Loan Bank Board revolving fund and receipts of the Federal Home Loan Bank Administration, the Federal Home Loan Bank Board, or the Home Loan Bank Board for the current fiscal year and prior fiscal years, and the Board may utilize and may make payment for services and facilities of the Federal home-loan banks, the Federal Reserve banks, the Federal Savings and Loan Insurance Corporation, and other agencies of the Government: Provided, That all necessary expenses in connection with the conservatorship of institutions insured by the Federal Savings and Loan Insurance Corporation and all necessary expenses (including services performed on a contract or fee basis, but not including other personal services) in connection with the handling, including the purchase, sale, and exchange, of securities on behalf of Federal home-loan banks, and the sale, issuance, and retirement of, or payment of interest on, debentures or bonds, under the Federal 11 USC 1421. fiin 7fl; Home Loan Bank Act, as amended, shall be considered as nonadmin12 istrative expenses for the purposes hereof: Provided further, That not to exceed $25,000 shall be available for expenses of travel: Provided further, That notwithstanding any other provisions of this Act, except for the limitation in amount hereinbefore specified, the administrative expenses and other obligations of the Board shall be incurred, allowed, and paid in accordance with the provisions of the Federal Home Loan Bank Act of July 22, 1932, as amended (12 U.S.C. 1421-1449): Provided further. That the nonadministrative expenses for the examination of Federal and State chartered institutions shall not exceed $2,085,000. Federal Savings and Loan Insurance Corporation: Not to exceed $455,000 shall be available for administrative expenses, which shall be on an accrual basis and shall be exclusive of interest paid, depreciation, properly capitalized expenditures, expenses in connection with liquidation of insured institutions, liquidation or handling of assets of or derived from insured institutions, payment of insurance, and action for or toward the avoidance, termination, or minimizing of losses in the case of insured institutions, legal fees and expenses, and payments for administrative expenses of the Home Loan Bank Board determined by said Board to be properly allocable to said Corporation, and said Corporation may utilize and may make payment for services
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