Farmers’ Home Administration

Farmers’ Home Administration To carry into effect the provisions of titles I, II, and the related provisions of title IV of the Bankhead-Jones Farm Tenant Act, as amended (7 U. S. C. 1000–1031), the Act of August 23, 1951 (Public Law 123); the Farmers’ Home Administration 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 U. S. C. 590r–590x, 590z–5), for the development, of facilities for water storage and utilization in the arid and semiarid areas of the United States; the provisions of title V of the Housing Act of 1949 relating to financial assistance for farm housing (42 U. S. C. 1471–1483); the Rural Rehabilitation Corpo- 66 Stat. 350ration Trust Liquidation Act, approved May 3, 1950 (40 U. S. C. 440–444); and the Act to direct the Secretary of Agriculture to convey certain mineral interests, approved September 6, 1950 (7 U. S. C. 1033–1039), as follows: wan authorization For loans (including payments in lieu of taxes and taxes under section 50 of the Bankhead-Jones Farm Tenant Act, as amended, and advances incident to the acquisition and preservation of security of obligations under the foregoing several authorities): Title I and section 43 of title IV of the Bankhead-Jones Farm Tenant Act, as amended, and title V of the Housing Act of 1949 (except grants under 501 (a)), $38,000,000, of which not to exceed $5,000,000 of the amount available for the purposes of title I and section 43 of the Bankhead-Jones Farm Tenant Act, as amended, may be distributed to States and Territories without regard to farm population and prevalence of tenancy, in addition to the amount otherwise distributed thereto, for loans in reclamation projects and to entrymen on unpatented public land (sums available for loans under title V of the Housing Act of 1949 to remain available until expended); title II of the Bankhead-Jones Farm Tenant Act, as amended, $120,000,000; the Act of August 28, 1937, as amended, $6,000,000: Provided, That not to exceed the foregoing several amounts shall be borrowed in one account from the Secretary of the Treasury in accordance with the provisions set forth under this head in the Department of Agriculture Appropriation Act, 1952. salaries and expenses For the making, servicing, and collecting of loans and insured mortgages, the servicing and collecting of loans made under prior authority, the liquidation of assets transferred to Farmers’ Home Administration pursuant to the Farmers’ Home Administration Act of 1946, the extension of financial assistance under the Housing Act of 1949, and the administration of assets transferred under subsection 2 (f) of the Act of May 3, 1950, $29,350,000, together with a transfer to this appropriation item of not to exceed $325,000 of the fees and administrative expense charges made available by subsections (d) and (e) of section 12 of the Bankhead-Jones Farm Tenant Act, as amended.