CORPORATION

CORPORATION The following corporation is hereby authorized to make such expenditures within the limits of funds and borrowing authority available to such corporation, and in accord with law, and to make such contracts and commitments without regard to fiscal year limitations as provided by section 104 of the Government Corporation Control Act, as amended, as may be necessary in carrying out the programs set forth in the budget for the fiscal year 1958 for such corporation, except as hereinafter provided: Administrative Expenses, Export-Import Bank of Washington (Limitation) Not to exceed $1,900,000 (to be computed on an accrual basis) of the funds of the Export-Import Bank or 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 in respect to which an application for a loan has been made, shall be considered as nonadininistrative expenses for the purposes hereof.