Page:United States Statutes at Large Volume 75.djvu/275

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[75 Stat. 235]
[75 Stat. 235]
PUBLIC LAW 87-000—MMMM. DD, 1961

75

STAT.]

PUBLIC LAW 87-112-JULY 26, 1961

ministrative expenses, of which not less than $10,625,000 may be transferred to the appropriation account "Local administration, section 388, Agricultural Adjustment Act of 1938": Provided further. That no part of these funds shall be paid on any contract which is illegal under the law due to the division of lands for the purpose of evading limits on annual payments to participants.

235

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FEDERAL CROP INSURANCE CORPORATION OPERATING AND ADMINISTRATIVE EXPENSES

For operating and administrative expenses, $6,561,000. RURAL ELECTRIFICATION ADMINISTRATION

To carry into effect the provisions of the Rural Electrification Act of 1936, as amended (T U.S.C. 901-924), as follows:

^^ Stat. isea.

LOAN AUTHORIZATIONS

For loans in accordance with said Act, and for carrying out the provisions of section 7 thereof, to be borrowed from the Secretary of the ' u s e 907. Treasury in accordance with the provisions of section 3(a) of said Act, as follows: Rural electrification program, $175,000,000; and rural telephone program, $132,500,000; and additional amounts, not to exceed $70,000,000 for the rural electrification program and $30,000,000 for the rural telephone program, may be borrowed under the same terms and conditions to the extent that such amount is required during the fiscal year 1962 under the then existing conditions for the expeditious and orderly development of the rural electrification and telephone programs. SALARIES AND EXPENSES

For administrative expenses, including not to exceed $500 for financial and credit reports, and not to exceed $150,000 for employment pursuant to the second sentence of section 706(a) of the Organic Act of 1944 (5 U.S.C. 574), as amended by section 15 of the Act of August 2, 1946 (5 U.S.C. 55a), $10,024,000.

ss Stat. 742. eo Stat. sio.

FARMERS H O M E ADMINISTRATION

To carry into effect the provisions of titles I, II, and the related provisions of title IV of the Bankhead-Jones F a r m Tenant Act, as amended (7 U.S.C. 1000-1031); the Farmers Home Administration ^o Stat. 522. Act of 1946 (7 U.S.C. 1001, note; 31 U.S.C. 82h; 12 U.S.C. 371; 35 D.C. Code 535; 60 Stat. 1062-1080); the Act of July 30, 1946 (40 U.S.C. 436-439); the Act of August 28, 1937. as amended (16 eo Stat. 711. U.S.C. 590r-590x—3), for the development of facilities for water ^^so stau 869; 68 storage and utilization in the arid and semiarid areas of the United States; the provisions of title V of the Housing Act of 1949, as amended (42 U.S.C. 1471-1483), relating to financial assistance for 63 Stat. 432. farm housing; the Rural Rehabilitation Corporation Trust Liquidation Act, approved May 3, 1950 (40 U.S.C. 440-444); the items "Loans 64 Stat. 98. to farmers, 1948 flood damage" in the Act of June 25, 1948 (62 Stat. 1038), and "Loans to farmers, property damage" in the Act of May 24, 1949 (63 Stat. 82); the collecting and servicing of credit sales and development accounts in water conservation and utilization projects