Evening star., 1939-04-25
ordination of their functions and

activities.
tb) Transfer of Administrative
Funds.-So much of the unex-
pended balances of appropria-
tions, allocations, or other funds
available dncluding those avail
able for the fiscal year ending
June 30. 194O for the adminis-
trative expenses of any agency
transferred by this section. as the
director of the Bureau of the
Budget shall determine, shall be
transferred to the Secretary of
Agriculture for such use; and the
director of the Bureau of the
Budget shall allocate to the Sec
retary of Agriculture from such
funds, such sums, and in such
proportions. as he may find nee
essary for the administrative ex-
penses Of the Secretary OF Agri-
culture in connection with the
agencies and functions trans
ferred by this section. In deter
mining the amount to be trans
ferred. the director of the Bureau
OF the Budget may include an
amount to provide for the LIQUID
alton Of obligations incurred
against such appropriations, al
locations or other funds prior to
the transfer The use of the
unexpended balances of appro-
prlatlons, ALLEGATIONS or other
funds transferred by this sub
section shall be subject to the
provision of section ADD 90 and
section 9 of the Reorganization
Act of 1899.
!c) transfer of Other Funds
All unexpended balances of an
preparations. allocations, or other
FUNDS. other than those men
tloned IN subsection 90 of this
section, available Gncluding those
available for the fiscal year end
Ing June 80. 194O) for anv
agency transferred by subsection
!a) OF this section shall be trans
1erred with such agency and shall
remain available to it for the ex-
ercise OF its functions.
'O Personnel.-Any of the per-
sonnel transferred by this section
to the Department of Apricul-
ture which the Secretary of Aeri-
culture shall find to be in excess
OF the personnel necessary for
tne administration of the func-
tions transferred by this section
snaH be re-transferred under ex-
listing law to other positions in
the Government, or separated
from the service subject to the
provisions of section 10 (a of
the Reorganization Act of 1899.
$12,000-a-Year Job.
Section 402. ta) Federal Loan
Agency.-There shall be at the
seat Of the Government a Fed
eral Loan Agency, with a Federal
loan administrator at the head
thereof. The Federal loan ad-
ministrator shall be appointed by
the President by and with the
advice and consent of the Sem
ate. and shall receive a salary at
the rate of $4,000 per annum.
(b) Assistant Federal Loan Ad-
mlnistrator.-The Federal loan
administrator shall appoint an
assistant Federal loan admins
traitor, who shall receive a SAL
ary at the rate of $4,000 per
annum. The assistant admins
traitor shall act as administrator
during the absence or disability
OF the administrator, or in the
event of a vacancy in that office,
and shall perform such other
duties as the administrator shall
direct.
(c) Powers and Duties of Ad-
mlnistrator.-The administrator
shall supervise the administra-
ton, and shall be responsible for
the coordination of the func-
tions and activities, of the follow
ing agencies: Reconstruction
Finance Corp, Electric Home
and Farm Authority, R. F.. C.
Mortgage Co., Disaster Loan
Corp, Federal National Mortgage
Association, Federal Home Loan
Bank Board, Home Owners Loan
Corp, Federal Savings g. Loan
Insurance Corp, Federal Housing
Administration, and Export-Im-
port Bank of Washington. The
administrator may appoint such
officers and employees and make
such expenditures as may be
necessary.
Cd Administrative Funds
The director of the Bureau of