PUBLIC LAW 94-116—OCT. 17, 1975
89 STAT. 599
sions 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 (except such part as the Board determines not to be field expense, which part shall be treated as if e^xpenses of supervision and examination were not as such excluded from administrative expense, and except those included in the first proviso hereof) for the supervision and examination of Federal and State chartered institutions (other than special examinations determined by the Board to be necessary) shall not exceed $19,585,000. Not to exceed $3,650,000 shall be available for administrative expenses of the Federal Home Loan Bank Board with respect to the period July 1, 1976, through September 30, 1976, and the provisions of the paragraph next preceding this paragraph shall be applicable in the same manner and to the same extent as if such period were a fiscal year, except that the dollar amount last set forth in said paragraph shall with respect to said period be $4,900,000. LIMITATION ON ADMINISTRATIVE EXPENSES, FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION
Not to exceed $820,000 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 or activities relating to section 406(c), 407, or 408 of the National Housing Act, liquida- 12 USC tion or handling of assets of or derived from insured institutions, 1729-1730a. 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 expenses of the Federal Home Loan Bank Board determined by said Board to be properly allocable to said Corporation, and said Corporation may utilize and may make payments for services and facilities of the Federal home loan banks, the Federal Reserve banks, the Federal Home Loan Bank Board, the Federal Home Loan Mortgage Corporation, and other agencies of the Government: Provided, That, notwithstanding any other provisions of this Act, except for the limitation in amount hereinbefore specified, the administrative expenses and other obligations of said Corporation shall be incurred, allowed, and paid in accordance with title IV of the Act of June 27, 1934, as amended (12 U.S.C. 1724-1730b). Not to exceed $203,000 shall be available for administrative expenses of the Federal Savings and Loan Insurance Corporation with respect to the period July 1, 1976, through September 30, 1976, and the provisions of the paragraph next preceding this paragraph shall be applicable in the same manner and to the same extent as if such period were a fiscal year. TITLE IV GENERAL PROVISIONS SEC. 401. Where appropriations in titles I and II of this Act are Travel expenses, expendable for travel expenses of employees and no specific limitation
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