Laws: Cases and Codes : U.S. Code : Title 12 : Section 1404


   
U.S. Code as of: 01/19/04
Section 1404. Authorization of appropriations; revolving fund

      To carry out the provisions of this chapter, including all
    expenses incurred thereunder, there are authorized to be
    appropriated, out of the unexpended balances of appropriations made
    to carry out the provisions of Public Resolution Numbered 112,
    Seventy-first Congress (46 Stat. 1032), as amended by the Interior
    Department Appropriation Act for the fiscal year ending June 30,
    1932, and as amended by Public Resolution Numbered 120 (46 Stat.
    1167), and out of the collections from loans made under Public
    Resolution Numbered 112, as so amended, a sum not exceeding
    $10,000,000, which sum shall be paid into a revolving fund. Not to
    exceed 2 per centum of such fund may be used for expenses of
    administration. All moneys received from time to time upon the
    repayment of any advance or loan made pursuant to this chapter,
    together with the interest, shall be paid into the revolving fund
    and shall thereafter be available for the purposes and in the
    manner hereinbefore provided.



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