Commodity Credit Corporation

Commodity Credit Corporation reimbursement for net realized losses To partially reimburse the Commodity Credit Corporation for net realized losses sustained but not previously reimbursed, pursuant to the Act of August 17, 1961 (15 U.S.C. 713a-ll, 713a-12), $3,188,112,-500, of which $350,467,000 is for liquidation of contract authorization: Provided, That no funds appropriated by this Act shall be, used to formulate or administer programs for the side of agricultural commodities pursuant to title I of Public Law 480, 83d Congress, as amended, to any nation which sells or furnishes or which permits ships or aircraft under its registry to transport, to North Vietnam any equipment, materials or commodities, so long as North Vietnam is governed by a Communist regime. limitation on administrative expenses Nothing in this Act shall be so construed as to prevent the Commodity Credit Corporation from carrying out any activity or any program authorized by law: Provided, That not to exceed $31,500,000 shall be available for administrative expenses of the Corporation: Provided further, That $945,000 of this authorization shall be available only to expand and strengthen the sales program of the Corporation pursuant to authority contained in the Corporation’s charter: Provided further, That not less than 7 per centum of this authorization shall be placed in reserve to be apportioned pursuant, to section 3679 of the Revised Statutes, as amended, for use only in such amounts and at such times as may become necessary to carry out program operations: Provided further, That all necessary expenses (including legal and special services performed on a contract or fee basis, but not including other personal services) in connection with the acquisition, operation, maintenance, improvement, or disposition of any real or personal property belonging to the Corporation or in which it has an interest, including expenses of collections of pledged collateral, shall be considered as non administrative expenses for the purposes hereof. public law 480 For expenses during fiscal year 4969, not otherwise recoverable, and unrecovered prior years’ costs, including interest thereon, under the Agricultural Trade Development and Assistance Act of 1954, as amended (7 U.S.C. 1701–1710, 1721–1725, 1731–1736d), to remain available until expended, as follows: (1) sale of agricultural commodities for foreign currencies and for dollars on credit terms pursuant to title I of said Act, $100,000,000: Provided, That any unexpended balances of appropriations heretofore available under this heading for title I of said Act may be merged with this appropriation; and (2) commodities disposed of and other costs incurred in connection with donations abroad, pursuant to title II of said Act, $200,000,000.