Small Business Administration

Small Business Administration salaries and expenses For necessary expenses, not otherwise provided for, of the Small Business Administration, including purchase of one motor vehicle for replacement only, and hire of passenger motor vehicles, $9,900,000, and in addition there may be transferred to this appropriation not to exceed a total of $47,647,000, from the “Disaster loan fund” and the “Business loan and investment fund,” in such amounts as may be necessary for administrative expenses in connection with activities respectively financed under said funds: Provided, That 10 per centum of the amount authorized to be transferred from these revolving funds shall be apportioned for use, pursuant to section 3679 of the Revised Statutes, as amended, only in such amounts and at such times as may be necessary to carry out the business and disaster loan programs. 81 Stat. 431 business loan and investment fund disaster loan fund The Small Business Administration is hereby authorized to make such expenditures, within the limits of funds and borrowing authority available to the following funds, and in accord with the 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 current fiscal year for the “Disaster loan fund” and the “Business loan and investment fund.” participations sales authorization The Federal National Mortgage Association, as trustee, is hereby authorized to issue beneficial interests or participations in such obligations as may be placed in trust with such Association in accordance with section 302(c) of the Federal National Mortgage Association Charter Act, as amended, for the account of the Small Business Administration, in an aggregate principal amount of not to exceed §150,000,000, in addition to amounts heretofore authorized: Provided, That this authorization shall remain available until June 30, 19(59. payment of participation sales insufficiencies To enable the Small Business Administration to pay the Federal National Mortgage Association, as trustee, such insufficiencies as may lie required by the trustee on account of such outstanding beneficial interests or participations in obligations of the Small Business Administration, as may be authorized by this Act to be issued pursuant to section 302(c) of the Federal National Mortgage Association Charter Act, as amended, not to exceed $1,350,000.