An Act to provide the authorization for fiscal year 1975 and succeeding fiscal years for the Committee for Purchase of Products and Services of the Blind and Other Severely Handicapped, and for other purposes.
PL 93-358 (H.R.11143), enacted 07/25/1974

392 
PUBLIC LAW 93-358-JULY 25, 1974 
[88 STAT. 
Guaranteed loan 
security. 
7 u s e prec. 
1961 note. 
Outstanding 
loan guarantees, 
limitation. 
7 u s e prec. 
1961 note. 
7 u s e 1929. 
7 u s e prec. 
1961 note. 
7 u s e prec. 
1961 note. 
Effective date. 
7 u s e prec. 
1961 note. 
7 u s e prec. 
1961 note. 
7 u s e 1932. 
Regulations. 
7 u s e prec. 
1961 note. 
(c) The Secretary finds there is reasonable probability of accom-
plishing the objectives of the Act and repayment of the loan. 
SEC. 4. Loans guaranteed under this Act shall be secured by security 
adequate to protect the Government's interests, as determined by the 
Secretary. 
SEC. 6, Loan guarantees outstanding under this Act shall not exceed 
$2,000,000,000 at any one time. Subject to the provisions of section 
2(c) of this Act, the fund created in section 309 of the Consolidated 
Farm and Rural Development Act shall be used by the Secretary for 
the discharge of the obligations of the Secretary under contracts of 
guarantee made pursuant to this Act. 
SEC. 6. Contracts of guarantee under this Act shall not be included 
in the totals of the budget of the United States Government and shall 
be exempt from any general limitation imposed by statute on expendi-
tures and net lending (budget outlays) of the United States. 
SEC. 7. Any contract of guarantee executed by the Secretary under 
this Act shall be an obligation supported by the full faith and credit 
of the United States and incontestable except for fraud or misrepre-
sentation of which the holder had actual knowledge at the time it 
became a holder. 
SEC. 8. The provisions of this Act shall become effective upon enact-
ment, and the authority to make new guarantees under this Act shall 
terminate one year from the date of enactment of this Act, except that 
the Secretary of Agriculture may extend the guarantee authority pro-
vided in this Act for a period not to exceed six months if he (1) deter-
mines that such guarantees are necessary to the welfare of livestock 
producers and that adequate credit cannot be obtained without such 
guarantee by the Secretary, and (2) notifies the Committee on Agri-
culture and Forestry of the Senate and the Committee on Agriculture 
of the House of Representatives at least thirty days prior to the date on 
which he elects to extend the guarantee authority provided in the Act. 
SEC. 9. (a) The provisions of section 310B(d) (6) of the Consoli-
dated Farm and Rural Development Act shall apply to loans guaran-
teed under this Act. 
(b) Contracts of guarantee executed pursuant to the provisions of 
this Act shall be fully assignable. 
SEC. 10. The Secretary is authorized to issue such regulations as he 
determines necessary to carry out this Act; The proposed regulations 
shall be issued as soon as possible, but in no event later than thirty days 
from the date of enactment of this Act. 
Approved July 25, 1974. 
July 25,1974 
[H. R.11143] 
Public Law 93-358 
AN A C T 
To provide the authorization for fiscal year 1975 and succeeding fiscal years 
for the Committee for Purchase of Products and Services of tlie Bliuu and 
Other Severely Handicapped, and for other purposes. 
eommittee for 
Purchase of 
Products and 
Services of the 
Blind and Other 
Severely Handi-
capped. 
Appropriation 
authorization. 
41 u s e 46. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That the Act entitled 
•'An Act to create a Committee on Purchases of Blind-made Products, 
and for other purposes", approved June 25, 1938 (41 U.S.C. 46-48c) 
is amended as follows: 
(1) Section 1(a) is amended— 
(A) by striking out "Committee for Purchase of Products 
and Services of" in the first sentence thereof and inserting 
in lieu thereof "Committee for Purchase from"; 
Presidential 
appointee. 
88 STAT. ] 
PUBLIC LAW 93-359-JULY 25, 1974 
393 
(B) by striking out "fourteen" in the second sentence 
thereof and inserting in lieu thereof "fifteen"; 
(C) by striking out "and other severely handicapped indi-
viduals." in paragraph (2) (A) and inserting in lieu thereof 
a period; and 
(D) by redesignating subparagraphs (B) and (C) of 
paragraph (2) as subparagraphs (C) and (D), respectively, 
and inserting after subparagraph (A) the following new 
subparagraph: 
"(B) The President shall appoint one member from persons who 
are not officers or employees of the Government and who are con-
versant with the problems incident to the employment of other severely 
handicapped individuals.". 
(2) Section 1(d) is amended— 
41 use 46. 
(A) by striking out "paragraphs (2) and (3)" in para-
graph (1) and inserting in lieu thereof "paragraphs (2), (3), 
and (4)"; and 
(B) by adding at the end thereof the following new 
paragraph: 
"(4) The member first appointed under paragraph (2) (B) of 
subsection (a) shall be appointed for a term of three years.". 
(3) Section 5 is amended— 
^1 use 48b. 
(A) by inserting after paragraph (4) the following new 
paragraph: 
"(5) The term 'direct labor' includes all work required for 
preparation, processing, and packing of a commodity, or work 
directly relating to the performance of a service, but not super-
vision, administration, inspection, or shipping."; 
(B) by striking out paragraph (6); and 
(C) by redesignating paragraphs (7), (8), and (9) as 
paragraphs (6), (7), and (8), respectively. 
(4) Section 6 is amended to read as follows: 
"SEC. 6. There are authorized to be appropriated to the Committee 
to carry out this Act $240,000 for the fiscal year ending June 30,1974, 
and such sums as may be necessary for the succeeding fiscal years.". 
Approved July 25, 1974. 
Public Law 93-359 
AN ACT 
July 25, 1974 
To authorize the waiver of claims of the United States arising out of erroneous 
41 u s e 48c. 
[S.1803; 
payments of pay and allowances to certain officers and employees of the leg-
islative branch. 
Be it enacted hy the Senate and House of Befresentatives 
of the 
United States of America in CoTigress assembled^ That section 5584 of br^nc^h^^^*^^' 
title 5, United States Code, is amended as follows: 
Overpayment 
(1) Strike out "executive" wherever it appears in such section. 
claims, waiver. 
(2) In subsection (b) (2)— 
(A) immediately after "(2)" insert the following: "except in 
the case of employees of the Government Printing Office, the 
Library of Congress, the Office of the Architect of the Capitol, or 
the Botanic Garden,"; and 
( B) strike out "or" at the end thereof. 
(3) In subsection (b) (3)— 
(A) immediately after " ( 3 ) " insert the following "except in 
the case of employees of the Government Printing Office, the