alaska railroad revolving fund

alaska railroad revolving fund The Alaska Railroad Revolving Fund shall continue available until expended for the work authorized by law, including operation and maintenance of oceangoing or coastwise vessels by ownership, charter, or arrangement with other branches of the Government service, for the purpose of providing additional facilities for transportation of freight, passengers, or mail, when deemed necessary for the benefit and development of industries or travel in the area served; and payment of compensation and expenses as authorized by section 42 of the Act of September 7, 1916 (5 U. S. C. 793), to be reimbursed as therein provided: Provided, That no one other than the general manager of said railroad, and one assistant general manager at not to exceed $13,000 per annum, shall be paid an annual salary out of said fund of more than $11,000.