Funds so deposited are to be used for (a) payments becoming due on the construction, reconstruction, or reconditioning of the vessels, (b) interest on the loan or mortgage, or (c) payments on account of principal in cases of default. Investments of the fund may be made in obligations of the United States, with any income realized paid to the borrower or mortgagor. Establishment of the fund was authorized by Public Law 86-127, enacted July 31, 1959. Through September 30, 1964, $98,868 thousand had been deposited therein covering construction of 21 vessels. As of September 30, 1964, a balance of $18,765 thousand remained in the account. Object Classification (in thousands of dollars) Identification code 06-70-8517-0-7-502 Personnel Summary 1. Construction of chapel......... 2. Maintenance and upkeep of sailing craft. Contributions from private sources have been applied to the cost of construction of a chapel at the Merchant Marine Academy, Kings Point, N.Y. (68 Stat. 1050 and 62 Stat. 172), which was completed on October 21, 1960. Funds presently available will permit additional furnishings as required. The gift fund is used to defray expenses for maintenance and upkeep of the sailing craft. "ICEFIRE" and "MARINER," which were donated to the U.S. Government and are in the custody of the U.S. Merchant Marine Academy, Kings Point, N.Y. Expenditures are distributed as follows: 2 4 24 24 BUREAU OF PUBLIC ROADS OTHER BUREAU OF PUBLIC ROADS TRUST FUNDS Program and Financing (in thousands of dollars) 1964 actual 1965 1966 estimate estimate 400 500 3,148 4,385 3,830 ments..... Total costs.. -159 7,878 7,878 1. Advances from Alaska.-Pursuant to the agreement between the Federal Government and the State of Alaska, the Bureau of Public Roads performs State highway functions on the Federal-aid systems for Alaska with funds contributed by the State (23 U.S.C. 120(8), 308). 2. Advances from State cooperating agencies.-Funds are contributed by the State highway departments or local subdivisions thereof for construction and/or maintenance of roads or bridges. The work is performed under the supervision of the Bureau of Public Roads (23 U.S.C. 308). 3. Contributions for highway research program.-In association with the General Services Administration and the Department of Defense, tests of highway equipment are conducted for the purpose of establishing performance standards upon which to base specifications for use by the Government in purchasing such equipment (23 U.S.C. 307). 4. Cooperative work, forest highways.-Contributions are received from States and counties in connection with cooperative engineering, survey, maintenance, and construction projects for forest highways (23 U.S.C. 204). 5. Equipment, supplies, etc., for cooperating countries.In connection with the construction of the Inter-American Highway, the Bureau acts as agent for the cooperating Central American Republics in purchase of equipment, supplies, and services (23 U.S.C. 212, 308). 6. Technical assistance, U.S. dollars advanced from foreign governments.-Under the Foreign Economic Assistance Act and under agreement with the International Bank for Reconstruction and Development and the Export-Import Bank of Washington, the Bureau of Public Roads renders technical assistance and acts as agent for the purchase of equipment and materials for carrying out 7,878 highway programs in foreign countries. During the current year, these services are being rendered for Costa Rica, Ethiopia, Iran, Nicaragua, and the Philippines (64 Stat. 204-209). 4. Cooperative work, forest highways... 537 5. Equipment, supplies, etc., for cooperating countries.. 6. Technical assistance, U.S. dollars advanced from foreign govern Contract authorization.... 8,102 3,213 ments.... Included in this trust fund are gifts and bequests limited to specific use by the donor, such as, the Evangeline G. Bovard Award, Carmack Medal Fund, Fairbanks Medal Fund, Raymond Franklin Metcalfe Memorial Fund, ETO Quartermaster Foundation, Inc., Fund, and the Henry C. McLean Bequest. In addition, it accounts for gifts and bequests not limited to specific use by the donor which may be used for purposes determined as appropriate by the Secretary of the Army (5 U.S.C. 150 q-t). Object Classification (in thousands of dollars) Identification code 07-55-9999-0-7-051 25.1 Other services.. Identification code 26.0 Supplies and materials.. 1964 1965 1966 estimate estimate 31.0 Equipment..... NAVY TRUST FUNDS Program and Financing (in thousands of dollars) 1019 1-3. Gift funds.-Activities 1, 2, and 3 consist primarily of contributions from individuals, subject to conditions specified by the donor, for the benefit of the Naval Academy, the Naval Academy Museum, and other institutions of the Navy (10 U.S.Č. 2601, 6973-4). 4. Ships' stores profits, Navy.-Profits earned in the operation of ships' stores are expended at the discretion of the Secretary of the Navy for the amusement, contentment, and welfare of officer and enlisted personnel on ships or outside the United States (10 U.S.C. 7604; 31 U.S.C. 725s (68)). 5. Office of Naval Records and History fund.-This fund represents gifts of money for the benefit of the Office of Naval Records and Library, Navy Department, and royalties received from sale of histories of U.S. Naval operations (10 U.S.C. 7222). This trust fund also accounts for $1,550 remaining in the U.S.S. Arizona memorial fund which was inactive in 1964 and is expected to remain inactive in 1965 and 1966. Object Classification (in thousands of dollars) Gifts or bequests, some of which are limited to use for specific purposes by the donors. (10 U.S.C. 2601) DEPOSIT ACCOUNTS Identification code 07-60-9999-0-7-051 1964 (1) Contributed funds.. actual (2) Advance funds... (b) Where not required for an authorized Federal project (contributed funds). 2 4,840 2. Maintenance (contributed funds). 50 60 35 3. Returned to contributing interests. 4,901 8 4,911 6 5,010 1 41.0 Grants, subsidies, and contributions. DEPARTMENT OF THE AIR FORCE GENERAL GIFT FUNd Program and Financing (in thousands of dollars) 21 Unobligated balance available, start of 2,859 -3,755 -3,580 38,783 31,255 23,078 Total program costs, funded.. Change in selected resources 1. 35,924 35,010 26,658 Financing: 1964 actual 1965 1966 estimate estimate ་ 7 -14 Expenditures.. -3 36,873 31,000 23,000 -6 66 3 3 Expenditures are distributed as follows: 6 6 Rivers and harbors contributed funds.. Rivers and harbors advance fund. |