GENERAL SERVICES ADMINISTRATION

GENERAL SERVICES ADMINISTRATION Limitation on Administrative Expenses, Reconstruction Finance Corporation Liquidation Fund Not to exceed $25,000 (to be computed on an accrual basis) of the funds derived from liquidation of functions of Reconstruction Finance Corporation transferred to General Services Administration under Reorganization Plan No. 1 of 1957 (22 F.R. 4633), shall be available during the current fiscal year for administrative expenses incident to the liquidation of said functions: Provided, That as used herein the term “administrative expenses” shall be construed to include all salaries and wages, services performed on a contract or fee basis, and travel and other expenses, including the purchase of equipment and supplies, of administrative offices, but this amount shall be exclusive of costs of services performed on a contract or fee basis in connection with the termination of contracts or in the performance of legal services: Provided further, That the distribution of administrative expenses to the account shall be made in accordance with generally recognized accounting principles and practices.