Page:United States Statutes at Large Volume 60 Part 1.djvu/827

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800 Acceptance of pri- vate funds. Grants to States, etc. Special trust fund. Estimates of expen- se. Trser of funds. Deficits PUBLIC LAWS-CH. 73--AUG. 2 , 1946 [60 STAT. such other expenses as may from time to time be found necessary for the proper administration of this Act. ANNUAL REPORT SEC. 15. On or before the last day of September of each year the Agency shall make an annual report to Congress of its operations and expenditures for the immediately preceding fiscal year, said report to include a financial balance sheet of its entire operations hereunder, and a recital in such particularity as is feasible of what the Agency proposes to do during the next succeeding fiscal year. The Agency shall make such other and further reports, in such form and at such times as the Congress by concurrent resolution shall require. APPROPRIATIONS AUTHORIZED SEC. 16. (a) There is hereby authorized to be appropriated, out of any moneys in the Treasury of the United States not otherwise appro- priated, whatever amounts are necessary to the Planning Commission, in addition to other funds which may be appropriated to it or private funds made available to it (the acceptance of which is hereby author- ized), for the making or modification of a general or comprehensive plan and the making or modification of project area redevelopment plans and for surveys as authorized in this Act, and other administra- tive expenses in connection therewith. The Commission is also author- ized to receive any grants that the Congress may appropriate for said purposes to the various States and municipalities and the District of Columbia. (b) There is further authorized to be appropriated out of any moneys in the Treasury of the United States not otherwise appro- priated, the sum of $20,000,000, which sum shall be placed to the credit of a special trust fund to be established for the purposes hereinafter set out. There shall be deposited in the Treasury of the United States and credited to said special trust fund all revenues, rentals, proceeds, and other funds received by the Agency. The said special trust fund is hereby made available to the Agency for the purpose of acquiring real property and performing any act required or authorized by this Act. The Agency shall from time to time submit to the District Commissioners estimates of amounts for the reasonable and necessary expenses of the Agency, including personal services, and such amounts as may be approved by the District Commissioners shall be available from the said special trust fund for such expenses. (c) As of the last day of the tenth fiscal year beginning after approval of this Act, or as of such later date as may be fixed by the Congress, there shall be transferred and credited to miscellaneous receipts of the United States the balance in the said special trust fund after deducting (a) such amount as may be necessary for the comple- tion of any approved project the acquisition of which has been begun and (b) such amount for operating expenses of the Agency for one year as may be approved by the District Commissioners. If the balance so transferred and credited be insufficient to reimburse the United States for appropriations made pursuant to paragraph (b) of this section, then an amount equal to 50 per centum of the deficit shall be payable to the United States from revenues of the District of Columbia in installments of equal amounts for each of ten years. The District Commissioners shall include in their annual estimates of appropriations items for the payment of such installments. The afore- said deficit shall be determined by deducting from the total of said appropriations an amount equal to (a) the fund transferred and credited to miscellaneous receipts of the United States, (b) the cost