Public Law 74–51

That all sums

Puerto Rico.

Special fund for rehabilitation of, provided; sources, duration, etc.

Ante, p. 115.

which the President has segregated or allotted or shall segregate or allot for projects in Puerto Rico out of the money appropriated by the Emergency Relief Appropriation Act of 1935 shall constitute a special fund to provide relief and work relief and to increase employment in Puerto Rico. The fund thus established shall continue available for expenditure until June 30, 1940. All income derived

Revolving fund created; purposes.

from operations financed out of this fund and the proceeds of the disposition of property acquired therewith shall constitute a revolving fund, which shall remain available for expenditure for the purposes and in manner authorized herein and in the Emergency Relief Appropriation Act of 1935 until Congress shall provide otherwise, notwithstanding any limitation of time contained in the said Emergency Relief Appropriation Act of 1935. Any agency or agencies

Duration of administrative agencies.

lawfully designated or established to administer funds allotted hereunder or the revolving fund herein authorized may be continued so long as the said funds or any of them remain available for expenditure.

Projects for rural rehabilitation in Puerto Rico may include the

Rural rehabilitation projects.

acquisition, development, maintenance, and operation of agricultural enterprises. A reasonable charge may be made for materials and

Charge for materials, etc., produced.

Proviso.

Use as compensation.

services produced or made available by any project: Provided, That such materials and services may also be supplied as compensation, in whole or in part, for services rendered by persons employed upon any project.

Sec. 2.

Notwithstanding the provisions of section 15 (f) of the

Processing tax collections transferred to revolving fund.

Vol. 48, p. 675; U. S. C., p. 162; Supp. I, p. 26.

Agricultural Adjustment Act, as amended by section 8 of the Act of May 9, 1934, or any action taken thereunder, all or any part of the unobligated balance of taxes heretofore or hereafter collected from the processing of sugar beets or sugarcane in Puerto Rico and/or upon the processing in continental United States of sugar produced in or coming from Puerto Rico are hereby authorized, in the discretion of the President, to be transferred to the revolving fund

Hurricane insurance fund; sum authorized for.

authorized by this Act. Not exceeding $10,000,000 of this fund may, in the discretion of the President, be set aside in the Treasury for use as an insurance fund to insure individual agriculturists in Puerto Rico, but to the extent only of such insurance fund and its accretions, against damage by hurricane to their farm dwellings and farm buildings, growing crops, plants and trees, including trees used as shade for growing crops, warehouses and produce in barns and

Proviso.

Restrictions.

warehouses: Provided, That said fund may be so employed only during such periods as the Secretary of the

Insurance premiums.

Interior shall find and determine that commercial insurance is not available, and at premiums sufficiently high to keep the principal of the original insurance fund intact, and policies of insurance shall be issued hereunder only pursuant to such terms and premium rates as the Secretary of the Interior shall prescribe by regulations duly promulgated. Until otherwise provided by law all moneys collected as premiums on such insurance or otherwise in connection with the administration of such fund or the operation of such insurance activity shall constitute accretions to the fund and shall be held, together with the original insurance fund and all additions thereto, as a revolving fund for the purposes of such insurance.