An Act to establish the veterans reopened insurance fund in the Treasury and to authorize initial capital to operate insurance programs under title 38, United States Code, section 725
PL 89-40 (H.R.7597), enacted 06/14/1965

130 
PUBLIC L
A
W 89-40-JUNE 14, 1965 
[79 STAT. 
Description, 
3, the Secretary of Agriculture shall be guided by the following 
policies; 
(1) He should make every reasonable effort to acquire the 
property by negotiated purchase. 
(2) The property should be appraised at its fair market value 
bj the Secretary of Agriculture before the initiation of negotia-
tions, and the owner or his designated representative should be 
given an opportunity to accompany the appraiser during an 
inspection of the property. 
SEC. 3. The real property authorized to be acquired under authority 
of this Act is more particularly described as follows: 
Township 63 north, range 4 west, Boise meridian: 
Section 18, southeast quarter southeast quarter; section 19, 
northeast quarter northeast quarter, lot 3 (southeast quarter 
northeast quarter); section 20, southwest quarter northwest 
quarter; section 33, lot 1 (northeast quarter northwest quarter), 
lot 2 (southeast quarter northwest quarter), lot 3 (northeast 
quarter southeast quarter), lot 6 (southeast quarter southwest 
quarter), west half southwest quarter northeast quarter, west half 
northwest quarter southeast quarter, southwest quarter southeast 
quarter. 
Township 63 north, range 5 west, Boise meridian: 
Section 24, northeast quarter northeast quarter, east half north-
west quarter northeast quarter, northeast quarter northeast quar-
ter southwest quarter northeast quarter, northwest quarter 
southeast quarter northeast quarter, lot 2 (northeast quarter 
southeast quarter northeast quarter), lot 3 (northeast quarter 
southeast quarter southeast quarter northeast quarter). 
Approved June 14, 1965. 
Public Law 89-40 
June 14, 1965 
[H. R. 7597] 
Veterans. 
Life insurance. 
78 Stat. 1096. 
Revolving fund, 
establishment in 
Treasury. 
AN ACT 
To establish the Veterans Reopened Insurance Fund in the Treasury and to 
authorize initial capital to operate insurance programs under title 38, United 
States Code, section 725. 
Be it enacted hy the Senate and House of Rejyresentatives of the 
United States of America in Congress as^emMed, That, effective 
May 1, 1965, section 725 of title 38, United States Code, is amended 
as follows: 
(1) By placing a period after the word "basis" in clause (8) of 
subsection (b) and striking all of the remainder of such clause. 
(2) By substituting a period for the semicolon at the end of clause 
(7) of subsection (c) and striking all of the remainder of the 
subsection. 
(3) By amending subsection (d) (1) to read as follows: 
" (d) (1) All premiums and collections on insurance issued pursuant 
to this section and any total disability income provision attached 
thereto shall be credited to the Veterans Reopened Insurance Fund, a 
revolving fund established in the Treasury of the United States, and 
all payments on such insurance and any total disability provision 
attached thereto shall be made from that fund. For actuarial and 
accounting purposes, the assets and liabilities (including liabilities for 
repayment of advances hereinafter authorized, and adjustment of 
79 STAT. ] 
PUBLIC LAW 89-41-JUNE 17, 1965 
131 
premiums) attributable to the insured groups established under this 
section shall be separately determined. 
Such amounts in the Vet-
erans Special Term Insurance Fund in the Treasury, not exceeding 
$1,650,000 in the aggregate, as may hereafter be determined by the 
Administrator to be m excess of the actuarial liabilities of that fund, 
including contingency reserves, shall be available for transfer to the 
Veterans Eeopened Insurance Fund as needed to provide initial 
capital. Any amounts so transferred shall be repaid to the Treasury 
over a reasonable period of time with interest as determined by the 
Secretary of the Treasury taking into consideration the average yield 
on all marketable interest-bearmg obligations of the United States 
of comparable maturities then forming a part of the public debt." 
(4) By striking the words "subsection (b) of" w^herever they appear 
in subsection (d) (2). 
(5) By striking the following words from subsection (d) (3): "or 
the National Service Life Insurance appropriation, as appropriate,". 
Approved June 14, 1965. 
Initial capital. 
Public Law 89-41 
AN ACT 
To provide assistance to the States of California, Oregon, Washington, Nevada, 
and Idaho for the reconstruction of areas damaged by recent floods and high 
waters. 
June 17, 1965 
[S. 2089] 
Highways, roads, 
etc., reconstruction. 
Appropriation. 
73 Stat. 612. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That Congress ^^^i^^l^^^^^^^ 
hereby recognizes (1) that the States of California, Oregon, Washing- Refief AcTof i965 
ton, Nevada, and Idaho have experienced extensive property loss and 
damage as the result of floods and high waters during December 1964, 
and January and February 1965, (2) that much of the affected area 
is federally owned and administered, and (3) that the livelihood of 
the people in the area is dependent on prompt restoration of transpor-
tation facilities, and therefore Congress declares the need for special 
measures designed to aid and accelerate those States in their efforts 
to provide for the reconstruction of devastated areas. 
SEC. 2. There is authorized to be appropriated, out of any money 
in the Treasury not otherwise appropriated, in addition to the 
amounts authorized in section 125 of title 23 of the United States 
Code, not to exceed $50,000,000 for the fiscal year ending June 30, 
1965, and not to exceed $20,000,000 for the fiscal year ending June 30, 
1966. Such sums shall be obligated and expended by the Secretary 
of Commerce in accordance with such section 125, and related pro-
visions of title 23 of the United States Code for the repair and re-
construction of highways, roads, and trails, damaged as the result 
of a disaster. 
SEC. 3. (a) Notwithstanding provisions of existing contracts, the ^„„^.„^^^., 
Secretary of the Interior and the Secretary of Agriculture, separately, imbursVm'en'ts." 
and as part of the regular road and trail construction program, shall 
reimburse timber sale contractors or otherwise arrange to bear road 
and trail construction and restoration costs either directly or in co-
operation with timber purchasers to the extent of costs determined 
by the respective Secretary as incurred or to be incurred for restoring 
roads in any stage of construction authorized by a contract for the 
purchase of timber from lands under his jurisdiction to substantially 
the same condition as existed prior to the damage resulting from the 
floods of December 1964, and January and February of 1965 in 
California, Oregon, Washington, Nevada, and Idaho, and to the 
Timber sales 
contractors, re-