Congressional Serial Set Volume 7669

Congressional Serial Set Volume 7669

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ...for the Federal control of transportation systems and to supply urgent deficiencies in certain appropriations for the fiscal year ending June 30, 1920, and for other purposes, namely: FEDERAL CONTROL OF TRANSPORTATION SYSTEMS. For an additional amount for carrying out the provisions of section 202 of the "Transportation Act, 1920," $300,000,000, which sum shall be subject in ail respects to the same authority for, and restriction of, expenditure as the appropriations named in the said section.. $300,000,000.00 The War Finance Corporation, as rapidly as funds become available, shall take over from the United States Railroad Administration, at par value and accrued interest, such of the bonds of the United States of the various Liberty loan issues and the Victory loan issue as are held by the said administration at the time of the approval of this Act and which it does not desire to retain. The Interstate Commerce Commission, in certifying to the Secretary of the Treasury the amount pa3Table to any earner under paragraphs (f) and (g) of section 204 oi the Transportation Act, 1920, also shall certify to the Secretary of the Treasury such sums, if any, as may be due from such carrier to the President (as operator of transportation systems under Federal control) on account of traffic balances or other indebtedness. The amount so certified to be due the President, upon his request, shall be deducted by the Secretary of the Treasury from the amount so certified to be due such carrier and thereupon shall be transferred from the appropriation made in paragraph (g) of the said section 204 and credited by him to the appropriation made in section 202 of the Transportation Act, 1920. Such deductions shall be considered as a payment pro tanto of such...show more

Product details

  • Paperback | 452 pages
  • 189 x 246 x 23mm | 803g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236564065
  • 9781236564061