HOUSING AND HOME FINANCE AGENCY

HOUSING AND HOME FINANCE AGENCY Federal National Mortgage Association: Not to exceed $3,250,000 shall be available for administrative expenses, which shall be on an accrual basis, and shall be exclusive of interest paid, depreciation, properly capitalized expenditures, fees for servicing mortgages, expenses (including services performed on a force account, contract, or fee basis, but not including other personal services) in connection with the acquisition, protection, operation, maintenance, improvement, or disposition of real or personal property belonging to said association or in which it has an interest, cost of salaries, wages, travel, and other expenses of persons employed outside of the continental United States, expenses of services performed on a contract or fee basis in connection with the performance of legal services, and all administrative expenses reimbursable from other Government agencies; and said Association may utilize and may make payment for services and facilities of the Federal Reserve banks and other agencies of the Government: Provided, That the distribution of administrative expenses to the accounts of the Association shall be made in accordance with generally recognized accounting principles and practices: Provided further, That not to exceed $108,175 small be available for expenses of travel: Provided further, That administrative expenses not under limitation for the purposes set forth in the budget schedules for the fiscal year 1954 shall not exceed $151,000. 67 Stat. 314 Office of the Administrator (housing loan programs): Not to exceed $525,625 shall be available for all administrative expenses, which shall be on an accrual basis, of carrying out the functions of the Office of the Administrator under the program of housing loans to educational institutions (title IV of the Housing Act of 1950, 12 U. S. C. 1749–1749d), the prefabricated housing program (sections 102, 102a, 102b, and 102c of the Housing Act of 1948, as amended, 12 U. S. C. 1701g–1701g–3), and the Alaska housing program (sections 3, 4, and 5 of the Alaska Housing Act, as amended, 48 U. S. C. 484, 484a, and 484b), but this amount shall be exclusive of costs of services performed on a contract or fee basis in connection with termination of contracts and legal services on a contract or fee basis and of payment for services and facilities of the Federal Reserve banks or any member thereof, the Federal home-loan banks, and any insured bank within the meaning of the Act creating the Federal Deposit Insurance Corporation (Act of August 23, 1935, as amended, 12 U. S. C. 264) which has been designated by the Secretary of the Treasury as a depository of public money of the United States: Provided, That not to exceed $27,000 shall be available for expenses of travel. Home Loan Bank Board: Not to exceed a total of $775,000 shall be available for administrative expenses of the Home Loan Bank Board, and shall be derived from funds available to the Home Loan Bank Board, including those in the Home Loan Bank Board revolving fund and receipts of the Federal Home Loan Bank administration, the Federal Home Loan Bank Board, or the Home Loan Bank Board for the current fiscal year and prior fiscal years, and the Board may utilize and may make payment for services and facilities of the Federal home-loan banks, the Federal Reserve banks, the Federal Savings and Loan Insurance Corporation, and other agencies of the Government: Provided, That all necessary expenses in connection with the conservatorship of institutions insured by the Federal Savings and Loan Insurance Corporation and all necessary expenses (including services performed on a contract or fee basis, but not including other personal services) in connection with the handling, including the purchase, sale, and exchange, of securities on behalf of Federal home-loan banks, and the sale, issuance, and retirement of, or payment of interest on, debentures or bonds, under the Federal Home Loan Bank Act, as amended, shall be considered as nonadministrative expenses for the purposes hereof: Provided further, That not to exceed $25,000 shall be available for expenses of travel: Provided further, That notwithstanding any other provisions 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 non administrative expenses for the examination of Federal and State chartered institutions shall not exceed $2,1)85,000. Federal Savings and Loan Insurance Corporation: Not to exceed $455,000 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, liquidation or handling of assets of or derived from insured institutions, payment of insurance, and action for or toward the avoidance, termination, or minimizing of losses in the ease of insured institutions, legal fees and expenses, and payments for administrative expenses of the Home Loan Bank Board determined by said Board to be properly allocable to said Corporation, and said Corporation may utilize and may make payment for services 67 Stat. 315 and facilities of the Federal home-loan banks, the Federal Reserve banks, the Home Loan Bank Board, and other agencies of the Government: Provided, That not to exceed $5,450 shall be available for expenses of travel: Provided further, That nothwithstanding 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. 1724–1730). Expenses, liquidation of Home Owners’ Loan Corporation: Not to exceed $10,000 of the unobligated balance remaining of funds made available under this head in the Independent Offices Appropriation Act, 1952, is hereby continued available until October 31, 1953. Federal Housing Administration: In addition to the amounts available by or pursuant to law (which shall be transferred to this authorization) for the administrative expenses of the Federal Housing Administration in carrying out duties imposed by or pursuant to law, not to exceed $5,322,800 of the various funds of the Federal Housing Administration shall be available for expenditure, in accordance with the National Housing Act, as amended (12 U. S, C. 1701): Provided, That, except as herein otherwise provided, all expenses and obligations of said Administration shall be incurred, allowed, and paid in accordance with the provisions of said Act: Provided further, That not to exceed $157,750 shall be available for expenses of travel: Provided further, That funds available for expenditure shall be available for contract actuarial services (not to exceed $1,500); and purchase of periodicals and newspapers (not to exceed $500): Provided further, That expenditures for nonadministrative expenses classified by section 2 of Public Law 387, approved October 25, 1949, shall not exceed $26,500,000: Provided further, That the position of Assistant Commissioner, established pursuant to section 213 (f) of the National Housing Act, as amended, is no longer authorized. Public Housing Administration: Of the amounts available by or pursuant to law for the administrative expenses of the Public Housing Administration in carrying out duties imposed by or pursuant to law including funds appropriated by title I of this Act and funds appropriated under the head “Defense Housing” not to exceed $10,975,000 shall be available for such expenses, including not to exceed $800,000 for expenses of travel; and expenses of attendance at meetings of organizations concerned with the work of the Administration: Provided, That necessary expenses of providing representatives of the Administration at the sites of non-Federal projects in connection with the construction of such non-Federal projects by public housing agencies with the aid of the Administration, shall be compensated by such agencies by the payment of fixed fees which in the aggregate in relation to the development costs of such projects will cover the costs of rendering such services, and expenditures by the Administration for such purpose shall be considered nonadministrative expenses, and funds received from such payments may be used only for the payment of necessary expenses of providing representatives of the administration at the sites of non-Federal projects: Provided further, That all expenses of the Public Housing Administration not specifically limited in this Act, in carrying out its duties imposed by or pursuant to law, shall not exceed $35,962,600: Provided further, That not to exceed $15,000 of funds made available by the Act of June 29, 1936 (49 Stat. 2035) shall be available for necessary expenses, including administrative , of the Public Housing Administration in carrying out the provisions of the Act of May 19, 1949 (Public Law 65): Provided further, That during the fiscal year 1954 the Commissioner shall make 67 Stat. 316 every effort to refund all local bonds held by the Public Housing Administration under the United States Housing Act of 1937, as amended.