12 U.S.C. § 1404 : US Code - Section 1404: Authorization of appropriations; revolving fund

Search 12 U.S.C. § 1404 : US Code - 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.