69 S T A T. ]
PUBLIC LAW 112-JUNE 30, 1955
(2) qualifications for employment to such positions shall be the governing considerations. SEC. 109. None of the sections under the head "Independent Offices, General Provisions" in this title shall apply to the Housing and Home Finance Agency.
218 _ Nonapplicabiiitj^
TITLE II—CORPORATIONS The following corporations and agencies, respectively, are hereby authorized to make such expenditures, within the limits of funds and borrowing authority available to each such corporation or agency and in accord with law, and to make such contracts and commitments without regard to fiscal year limitations as provided by section 104 of the Government Corporation Control Act, as amended, as may be necessary in carrying out the programs set forth in the Budget for the fiscal year 1956 for each such corporation or agency, except as hereinafter provided: Office of the Administrator, housing loans to educational institutions: Not to exceed $500,000 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, as amended, 12 U.S.C. 1T49-I749d), but this amount shall be exclusive 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 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 $19,000 shall be available for expenses of travel. Office of the Administrator, public facility loans: Not to exceed $40,000 of funds in the revolving fund established pursuant to section 108 of the Reconstruction Finance Corporation Liquidation Act, as amended (40 U.S.C. 459), shall be available for administrative expenses, but this amount shall be exclusive 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 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. Office of the Administrator, revolving fund (liquidating programs): During the current fiscal year not to exceed $2,600,000 shall be available for administrative expenses (including not to exceed $183,200 for travel), 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, any servicer approved by the Federal National Mortgage Association, the Federal home-loan banks, and any insured bank within the meaning of the Act of August 23, 1935, as amended, creating the Federal Deposit Insurance Corporation (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 all expenses, not otherwise specifically limited in connection with the programs provided for under this head shall not exceed $10,750,000, but this limitation shall not apply to expenses (other than for personal services) in connection with disposition of federally owned projects. Federal National Mortgage Association: Not to exceed $3,950,000 .shall be available for administrative expenses, which shall be on an
^l ^^-1^84-
H^me^F^lance Agency,
^* ^tat. 77.
J^ Stat. 373. note.
67 Stat. 231.
^ stat,^873.^ ^ ^ note,
64 Stat. 873. note. ^^^ ^^^^
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