Joint resolution making additional appropriations for the District of Columbia for the fiscal year 1951, and for other purposes
PL 82-11 (H.J.Res.207), enacted 03/24/1951

26 
PUBLIC LAW 11—MAR. 24, 1951 
[65 STAT. 
March 24, 1951 
[H. J. Res. 207] 
Public Law 11 
CHAPTER 17 
JOINT RESOLUTION 
Making additional appropriations for the District of Columbia for the fiscal year 
1951, and for other purposes. 
Resolved hy the Senate and House of Representatives 
of the United 
prkit^n'**D^^ c *^i96i' ^^^^^ ^f -^.TTierica in Congress assembted, That there is hereby appro-
priated, out of an^ money in the Treasury to the credit of the general 
fund of the District of (jolumbia not otherwise appropriated, for the 
fiscal year ending June 30, 1951, the following sum: 
OFFICE OF ADMINISTRATOR OF RENT CONTROL 
For an additional amount for "Office of Administrator of Rent 
Control", $21,250: Provided, That the limitation of $34,000 for pay-
ment of terminal leave only, in the appropriation of $113,100 for 
64 Stat. 1045. 
necessary expenses for "Office of Administrator of Rent Control", 
contained in the Supplemental Appropriation Act, 1951 (Public Law 
843, 81st Congress), is hereby repealed. 
Approved March 24, 1951. 
March 26, 1951 
[H. R. 2268] 
Public 
Law 12 
CHAPTER 19 
AN ACT 
To authorize the payment of interest on series E savings honds retained after 
maturity, and for other purposes. 
Series 
E 
bonds. 
49 Stat. 21. 
53 Stat. 24. 
26U. S. G. 
56 Stat. 697. 
26 U. S. C. 
Infra. 
Infra. 
40 Stat. 606. 
31 U. 8. C. § 774 (2) 
Be it enacted hy the Senate and House of Representatives 
of the 
savings United States of America 
in Congress assembled, That subsection 
(b) of section 22 of the Second Liberty Bond Act (31 U. S. C. 757c 
(b)) is amended by inserting " (1)" after " (b)" and adding the follow-
ing new paragraph: 
"(2) The Secretary of the Treasury, with the approval of the 
President, is authorized to provide by regulation that owners of series 
E savings bonds thereafter maturing may, at their option, retain the 
matured bonds and earn interest upon the maturity values thereof for 
not more than ten years at rates consistent with the provisions of 
paragraph (1)." 
SEC. 2. Effective with respect to taxable years ending after the date 
of the enactment of this Act, section 42 of the Internal Revenue Code 
is amended— 
(1) by inserting after "stated intervals" in the first sentence 
of subsection (b) the following: "or owning an obligation 
described in paragraph (2) of subsection (d)"; 
(2) by inserting after "acquisition" in the last sentence of 
subsection (b) the following: "(or, in the case of an obligation 
described in paragraph (2) of subsection (d), the date of acqui-
sition of the series E bond involved)"; and 
(3) by adding at the end of such section the following new 
subsection: 
"(d) MATURED UNITED ST.\TES SAVINGS BONDS.—In the case of a 
taxpayer who— 
"(1) holds a series E United States savings bond at the date 
of maturity, and 
"(2) pursuant to regulations prescribed under the Second 
Liberty Bond Act retains his investment in the maturity value 
of such series E bond in an obligation, other than a current income 
I 42 
42 (b). 
65 STAT.] 
PUBLIC LAW 13—MAR. 27, 1951 
27 
obligation, which matures not more than ten years from the date 
of maturity of sucli series E bond, 
the increase in redemption value (to the extent not previously includi-
ble in gross income) in excess of the amount paid for such series E 
bond shall be includible in gross income in the taxable year in which 
the obligation is finally redeemed or in the taxable year of final 
maturity, whichever is earlier. 
Tlie provisions of this subsection shall 
not apply to a corporation, and shall not apply in the case of any 
taxable year for which the taxpayer's net income is computed upon 
the basis of the accrual method of accounting or for which an election 
made by the taxpayer under subsection (b) is applicable." 
Approved March 26, 1951. 
Public Law 13 
CHAPTER 20 
AN ACT 
^^ ^ ^ ,„,, 
Miirch 27, 1951 
To provide compensation for duty voluntarily performed on their days off by 
[H. R. 1
4
9
8
] 
officers and members of the Metropolitan Police force, the United States Park 
Police force, and the White House Police force. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled. That the first section 
Metropolitan, u. s. 
of the Act entitled "An Act to provide a five-day week for officers Hous^'poHceforeei.'^ 
and members of the Metropolitan Police force, the United States 
Five-day week. 
Park Police force, and the White House police force", approved 
August 15,1950, is amended by adding at the end thereof the following 
w stat. 447. 
new subsection: 
"(e) For each day a vacancy exists in the personnel strength for 
which funds are appropriated by applicable appropriation acts current 
in any fiscal year in any particular rank of the Metropolitan Police 
force, the United States Park Police force, or the White House Police 
force, the major and superintendent of police, the Secretary of the 
Interior, and the Chief of the Secret Service Division may permit an 
officer or member of their respective forces of such rank voluntarily to 
perform duty on any day off granted under this Act. Each such 
officer or member shall be entitled to receive, in addition tx> his 
annual basic salary, compensation at the basic daily rate (one three-
hundred-and-sixtieth of his annual basic salary) for each day of 
duty voluntarily performed under this subsection, such additional 
compensation to be paid from current appropriations. Any officer 
or member so volunteering to perform duty on a day off shall be 
entitled to all rights, benefits, and privileges, and shall be subject 
to all obligations and duties, to which he is entitled or to which he 
is subject on any regular workday. 
Additional compensation paid 
under this subsection shall not be considered as salary for the purpose 
of computing retirement compensation or relief payments under 
section 12 of the Act entitled 'An Act making appropriations to 
provide for the expenses of the government of the District of 
Columbia for the fiscal year ending June thirtieth, nineteen hundred 
and seventeen, and for other purposes', approved September 1, 1916, 39 stat. 718. 
as amended, nor shall such additional compensation be subject to e
f S^.^" *
^
°
*
*
^ ^ ^^'' 
deduction as provided in section 5 of the Act entitled 'An Act to fix D.C*CX§§ 4
-
5
0
3 
the salaries of officers and members of the Metropolitan Police force 4-504. 
and the Fire Department of the District of Columbia', approved 
July 1, 1930, as amended." 
SEC. 2. This Act shall take effect on the first Sunday following the Effective date. 
date of its enactment. 
Approved March 27, 1951.