Page:United States Statutes at Large Volume 60 Part 1.djvu/617

This page needs to be proofread.


PUBLIC LAWS-CtH 589--JUY 20, 1946 Report to ongress. 58 Stat. 873. 59 Stat. 122. Sal8y ot National Housing Administra- tor and Housing Ex- pediter. 57 Stat. 185 . 60 U. B.0., upp. V. app. | 801 note. Trasfr of funds. Nonadministrative expenas. constituent units or the Office of the Administrator such additional sums as represent a consolidation in the Office of the Administrator or in a constituent unit of any of the administrative functions of the National Housing Agency; but no such transfer of funds shall be made unless the consolidation will result in a reduction in manpower and a savings in administrative expenses, which savings shall not be used for administrative expenses but instead shall be returned to or remain in the funds from which administrative expenses are drawn under this authorization: Provided further, That a report of such transfers and the savings effected thereby shall be submitted to Congress in the annual budget. Penalty mail costs: For costs of penalty mail of the National Hous- ing Agency not to exceed $295,600, said sum to be derived by transfer of the unobligated balances, as of July 1, 1946, of the funds made avail- able for penalty mail costs by the First Supplemental Appropriation Act, 1945, and the Independent Offices Appropriation Act, 1946, and by transfer, from the funds of the constituent units of said Agency available for administrative expenses, in not to exceed the following amounts: Office of the Administrator, $15,000; Federal Home Loan Bank Administration, $111,000; Federal Housing Administration, $130,000; and Federal Public Housing Authority $39,600: Provided, That in no event shall any moneys in excess of the costs of penalty mail allocable, respectively, to said Office of the Administrator and each of the aforesaid constituent units of the National Housing Agency be transferred hereunder: Providedfurther,That so long as the positions of National Housing Administrator and Housing Expediter are held by the same person, such person may accept the salary of either such position but not to exceed $12,000 per annum. Federal Home Loan Bank Administration: Provided,That not to exceed a total of $1,501,000, to be derived from the special deposit account established under theprovisions under the head "Federal Home Loan Bank Administration" in the Independent Offices Appropriation Act, 1944, and from receipts of the Federal Home Loan Bank Adminis- tration or the Federal Home Loan Bank Board for the fiscal year 1947 and prior fiscal years, shall be available during the fiscal year 1947 for admiistrative expenses of the Federal Home Loan Bank Administra- tion (Executive Order 9070 of February 24, 1942), and said Adminis- tration may transfer to a separate authorization (which is hereby authorized to be established), for expenditure by the Administration thereunder, not to exceed such amounts, from funds available for administrative expenses of the Federal Home Loan Bank Administra- tion, the Federal Savings and Loan Insurance Corporation, and the Home Owners' Loan Corporation, as said Administration may deem necessary or advisable to be so transferred for administrative expenses of or relating to any department or unit of said Administration pro- viding services or facilities also to the Federal Savings and Loan Insurance Corporation and the Home Owners' Loan Corporation- and use of services and facilities of the Federal home-loan banks, ied- eral Reserve banks, Federal Savings and Loan Insurance Corporation, and the Home Owners' Loan Corporation and other agencies of the Government, the amounts so derived to be credited upon the books of the Treasurer of the United States in such account or accounts as said Administration may determine: Providedfurther, That all necessary expenses in connection with the conservatorship of institutions insured by the Federal Savings and Loan Insurance Corporation and all neces- sar expenses (including services performed on a contract or fee bass, but not including other personal services) in connection with the handling, including the purchase, sale, and exchange, of securities on 590 [60 STAT.