Reconstruction Finance Corporation

Reconstruction Finance Corporation Not to exceed $17,750,000 (to be computed on an accrual basis) of the funds of the Reconstruction Finance Corporation shall be available during the current fiscal year for its administrative expenses, including purchase (not to exceed sixteen for replacement only) and hire of passenger motor vehicles; and 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 65 Stat. 741 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 aggregate cost of salaries, wages, travel, and other expenses of persons employed outside the continental United States; the expenses of services performed on a contract or fee basis in connection with 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 of the Corporation shall be made in accordance with generally recognized accounting principles and practices.