impairment 19

Farm Credit Administration:

24.8

Represents net amounts available after reductions under sec. 1214 of the 1951 General Appropriation Act.

The 1948 Agricultural Appropriation Act provided this amount as a working capital fund to be reimbursed from fees charged packers for total cost of meat inspection services effective July 1, 1947. The 1949 Agricultural Appropriation Act provided in lieu thereof a direct appropriation and carried to the general fund of the Treasury the unobligated balance remaining in the "Meat inspection fund." In addition, prior-year balances available. The 1952 budget proposes continuation of language (contained in the Appropriation Acts for 1949, 1950, and 1951) authorizing the Secretary to transfer from any funds available to the Department amounts necessary to finance the eradication program, subject to later reimbursement when an appropriation therefor is made. The estimate of $32,700,000 for 1952 is for the purpose of reimbursing the Commodity Credit Corporation for funds advanced in 1950 for this program pursuant to the foregoing cited authority. Appropriated in Second Deficiency Appropriation Act, 1949, for the purchase of an option on suitable land and preparation of plans and specifications for a laboratory, the total cost of which shall not exceed $25,000,000. Includes in both years $1,250,000 contingency fund to meet urgent needs as determined by the Secretary and the Bureau of the Budget. Includes $750,000 in 1951 and $2,000,000 in 1952 as a contingency fund under "Forest Pest Control Act" to meet urgent needs as determined by the Secretary and the Bureau of the Budget.co 7 Includes in both years $2,500,000 contingency fund under "Fighting forest fires" to meet urgent needs as determined by the Secretary and the Bureau of the Budget. 8 Includes $250,000 for general basin investigations in the Arkansas, White, Red, and the New England-New York areas. Financed in these years from prior-year balances.

10 Acreage allotments and marketing quotas were handled as a part of the agricultural conservation program in fiscal years 1940 through 1946, and administrative expenses for this program were not maintained separately from administrative expenses of the agricultural conservation program. Accordingly, amounts for acreage allotments and marketing quotas, fiscal years 1940, and 1943 through 1946, are included in the totals shown for those years for "Agricultural conservation program."

11 The school-lunch program was carried on as a sec. 32 activity, 1940 through 1946; in 1947, 1948, and 1949 the program was conducted under the provisions of the National School Lunch Act, approved June 4, 1946, the Congress authorizing transfers from sec. 32 funds rather than direct appropriations for that purpose. A direct appropriation was made for 1950 and 1951 and a similar appropriation is proposed for 1952.

12 To reimburse Commodity Credit Corporation for funds advanced in 1950 for this program.

13 Includes $120,000,000 borrowed under the additional authorization of $150,000,000 contingent upon certification of need by the Secretary of Agriculture.

14 Act authorizes additional borrowing authorization of not to exceed $150,000,000, including the uncommitted balance of $110,817,695 available as a carry-over from the fiscal year 1950, for loans upon certification of need by the Secretary of Agriculture.

is Due to carry-over of funds from prior years, on an available funds basis a loan program of $300,000,000 is planned for 1951 and $220,000,000 for 1952.

16 Due to carry-over of funds from prior years, on an available funds basiз a loan program of $30,000,000 is planned for 1951 and $14,000,000 for 1952.

17 Funds transferred from the Office of Temporary Controls for administration of sugar price and ration controls beginning Apr. 1, 1947, pursuant to the Sugar Control Extension Act of 1947.

18 Transferred from appropriations previously made to the Department and shown as deduction to avoid duplications in the totals for these years.

19 Restoration of capital impairment as of June 30, 1945, 1946, and 1949, accomplished through cancellation of Commodity Credit Corporation notes held by the Secretary of the Treasury in lieu of appropriations for this purpose. The 1952 budget proposes that the restoration for the year ended June 30, 1950, also be effected by cancellation of notes. 20 Includes pending supplemental estimate of $3,850,000.

21 There were no legislative limitations on the amounts available for administrative expenses of these corporations prior to fiscal year 1947.

79808-51-pt. 1-5

SUMMARY OF EXPENDITURES

TABLE 6.-Summary of expenditures, fiscal years 1940, 1943 to 1950, and estimated expenditures, fiscal years 1951 and 1952 1

[In millions of dollars]

NOTE.-Details may not add to totals shown due to rounding.