Export-Import Bank of Washington

Export-Import Bank of Washington administrative expense limitation Not to exceed $1,670,000 (to be computed on an accrual basis) of the funds of the Export-Import Bank of Washington shall be available during the current fiscal year for all administrative expenses of the bank, including services as authorized by section 15 of the Act of August 2, 1946 (5 U. S. C. 55a) at rates not to exceed $50 per diem for individuals, and not to exceed $9,000 for entertainment allowances for members of the board of directors when specifically authorized by the chairman of the board: Provided, That necessary expenses (including special services performed on a contract or fee basis, but not including other personal services, and fees or dues to international organizations of credit institutions engaged in financing foreign trade) in connection with the acquisition, operation, maintenance, improvement, or disposition of any real or personal property belonging to the bank or in which it has an interest, including expenses of collections of pledged collateral, or the investigation or appraisal of any property m respect to which an application for a loan has been made, shall be considered as nonadministrative expenses for the purposes hereof.