PUBLIC LAW 86-561-JUNE 30, 1960
[74 S T A T.
RETIRED P A Y
For retired pay, including the payment of obligations therefor otherwise chargeable to lapsed appropriations for this purpose, and 37 ^us*c^37i et payments under the Uniformed Services Contingency Option Act of seq. 1953, $30,000,000. RESERVE T R A I N I N G
For all necessary expenses for the Coast Guard Reserve, as author63 Stat. 551,804. jzed by law (14 U.S.C. 751-762; 37 U.S.C. 231-319), including repayment to other Coast Guard appropriations for indirect expenses, for regular personnel, or reserve personnel while on active duty, engaged primarily in administration and operation of the reserve program; for maintenance and operation of facilities; for supplies, equipment, and services; and the maintenance, operation, and repair of aircraft; $16,000,000: Provided, That amounts equal to the obligated balances against the appropriations for "Reserve training", for the two preceding years shall be transferred to and merged with this appropriation, and such merged appropriation shall be available as one fund, except for accounting purposes of the Coast Guard, for the payment of obligations properly incurred against such prior year appropriations and against this appropriation. PUBLIC ENTERPRISE F U N D S LIQUIDATION OF CORPORATE ASSETS
The Secretary of the Treasury is hereby authorized to make such expenditures, within the limits of funds and borrowing authority available therefor 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 current fiscal year for the following functions, except as hereinafter provided: LIMITATION
O N ADMINISTRATIVE E X P E N S E S, RECONSTRUCTION CORPORATION L I Q U I D A T I O N F U N D
Not to exceed $75,000 (to be computed on an accrual basis) of the funds derived from functions transferred to the Secretary of the Treasury pursuant to Reorganization Plan No. 1 of 1957 (22 Federal s^xfs^c *i33*z-i5 Register 4633) shall be available during the current fiscal year for note. administrative expenses incident to the liquidation of said functions, including use of the services and facilities of the Federal Reserve banks: Provided, That as used herein the term "administrative expenses" shall be construed to include all salaries and wages, services performed on a contract or fee basis, and travel and other expenses, including the purchase of equipment and supplies, of administrative offices: Provided further, That the limiting amount heretofore stated for administrative expenses shall be increased by an amount which does not exceed the expenses of services performed on a contract or fee basis in connection with the termination of contracts or in the performance of legal services; and all administrative expenses, reimbursable from other Government agencies: Provided further, That the distribution of administrative expenses to the accounts shall be made in accordance with generally recognized accounting principles and practices. Short title. This title may be cited as the "Treasury Department Appropriation Act, 1961".