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Holiday pay.

Sec. 3. Subsection (e) of the first section of the Act entitled "An Act to provide a five-day week for officers and members of the Metropolitan Police force, the United States Park Police force, and the White House Police force”, approved August 15, 1950 (64 Stat. 447), as amended (sec. 4–904, D.C. Code, 1951 ed.), is amended (a) by inserting "the Fire Department of the District of Columbia,” after “Metropolitan Police force,”; (b) by striking “Major and Superintendent of Police,” and inserting in lieu thereof “Chief of Police, the Fire Chief,"; and (c) by striking therefrom “section 5 of the Act entitled ‘An Act to fix the salaries of officers and members of the Metropolitan Police force and the Fire Department of the District of Columbia', approved July 1, 1930, as amended”, and inserting in lieu thereof “such section":

Sec. 4. The first section of the Act entitled “An Act to provide for granting to officers and members of the Metropolitan Police force, the Fire Department of the District of Columbia, and the White House and United States Park Police forces additional compensation for working on holidays”, approved October 24, 1951 (65 Stat. 607), as amended (sec. 4-807, D.C. Code, 1951 ed.), is amended to read as follows:

“That under regulations promulgated by the Commissioners of the District of Columbia each officer and member of the Metropolitan Police force and of the Fire Department of the District of Columbia when he may be required to work on any holiday, shall be compensated for such duty, excluding periods when he is in a leave status, in lieu of his regular rate of basic compensation for such work, at the rate of twice such regular rate of basic compensation: Provided, That for the

purpose of this Act, each such officer or member who works eight hours or less on any holiday shall be compensated for such duty in addition to his regular rate of basic compensation for such work, at the rate of one-eighth of his daily rate of basic compensation for each hour so worked, computed to the nearest hour, counting thirty minutes or more as a full hour: Provided further, That the total compensation to be paid any such officer or member for duty performed on a holiday shall not exceed an amount equal to twice the daily rate of pay to which such officer or member shall be entitled for performing one regular tour of duty on a day other than a holiday: And provided further, That no such officer or member shall be entitled to additional compensation for such holiday work for any day for which he is entitled to receive additional compensation under the provisions of subsection (e) of the first section of the Act approved August 15, 1950 (64 Stat. 447), as amended (sec. 4–904, D.C. Code, 1951 ed.). So much of the compensation for such holiday work as is in excess of the regular pay for such day shall not be considered as salary for the purpose of computing deductions for life insurance or for computing annuity, payments under the provisions of the Policemen and Firemen's Retirement and Disability Act (39 Stat. 718, 71 Stat. 391; sec. 4–521, et seq., D.C. Code, 1951 ed.), nor shall such excess compensation be subject to deduction as provided in such Act. Appropriations for personal services for the Metropolitan Police force, the Fire Department of the District of Columbia, the White House Police force, and the United States Park Police force shall be available for payment of the additional compensation authorized by this Act.”

Sec. 5. Clause (D) of subsection (b) of section 405 of the District of Columbia Police and Firemen's Salary Act of 1953, as amended (67 Stat. 76; D.C. Code, sec. 4-821), is amended to read as follows:

65 Stat. 27.

Computation of pay.

72 Stat. 378.

Recording annual and sick leave.

(D) In the case of the Metropolitan Police force, except with respect to computation of holiday pay, a biweekly rate shall be divided by the number of hours constituting the biweekly tour of duty in order to derive an hourly rate.

“(E) In the case of the firefighting division of the Fire Department of the District of Columbia, except with respect to computation of holiday pay, the weekly or biweekly rate shall be divided by 56 or 112, as the case may be, to derive an hourly rate.

“(F) În the case of officers and members of divisions of the Fire Department of the District of Columbia other than the firefighting division, except with respect to computation of holiday pay, a biweekly rate shall be divided by the number of hours constituting the biweekly tour of duty in order to

derive an hourly rate." Sec. 6. (a) For the purpose of recording annual and sick leave on an hourly basis for officers and members of the firefighting division of the Fire Department of the District of Columbia, the workday of any workweek shall be considered to be twelve hours.

(b) For the purposes of recording on an hourly basis annual and sick leave taken by officers and members of the firefighting division, the following formula shall be used:

(1) During the day shift of ten hours, one and two-tenths hours of leave shall be charged for each hour taken.

(2) During the night shift of fourteen hours, twelvefourteenths of an hour of leave shall be charged for each hour taken, calculated to the nearest fractional tenth. Sec. 7. This Act shall take effect on the first day of the first full pay period which begins at least sixty days after the date of approval of this Act.

Approved October 5, 1961.

Effective date.

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October 5, 1961

(H. R. 9053)

To amend title II of the National Defense Education Act of 1958 with respect

to the periods for which loans under that title are made.

education loans; terms.

72 Stat. 1584. 20 USC 425.

Be it enacted by the Senate and House of Representatives of the National defense United States of America in Congress assembled, That (a) section

205(a) of the National Defense Education Act of 1958 is amended by striking out “fiscal year" and inserting in lieu thereof "academic year or its equivalent, as determined under regulations of the Commissioner,"

(b) The amendment made by subsection (a) of this section shall not apply with respect to any academic year or equivalent period, as determined under regulations of the Commissioner of Education, which began before July 1, 1961.

Approved October 5, 1961.

Public Law 87-401

AN ACT
To amend section 510 of the Merchant Marine Act, 1936, to provide for the

trade-in of obsolete vessels in connection with the construction of new vessels,
either at the time of executing the construction contract or at the time of
delivery of the new vessel.

October 5, 1961

(S. 1728)

Merchant Marine Act, 1936, amendment.

Obsolete ve ssels, trade-in.

53 Stat. 1183,

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 510 of the Merchant Marine Act, 1936 (46 U.S.C. 1160), is amended by:

(1) Striking the present subsection (b) and inserting in lieu thereof the following:

“(b) In order to promote the construction of new, safe, and efficient vessels to carry the domestic and foreign waterborne commerce of the United States, the Commission is authorized, subject to the provisions of this section, to acquire any obsolete vessel in exchange for an allowance of credit. The obsolete vessel shall be acquired by the Commission, if the owner so requests, either at the time the owner contracts for the construction or purchase of a new vessel or within five days of the actual date of delivery of the new vessel to the owner. The amount of the allowance shall be determined at the time of the acquisition of the obsolete vessel by the Commission. In the event the obsolete vessel is acquired by the Commission at the time the owner contracts for the construction or purchase of the new vessel, the allowance shall not be paid to the owner of the obsolete vessel, but shall be applied upon the purchase price of a new vessel. In the .case of a new vessel constructed under the provisions of this Act, such allowance may, under such terms and conditions as the Commission may prescribe, be applied upon the cash payments required under this Act. In case the new vessel is not constructed under the provisions of this Act, the allowance shall, upon acquisition of the obsolete vessel by the Commission, be paid, for the account of the owner, to the shipbuilder constructing such new vessel. In the event that title to the obsolete vessel is acquired by the Commission at the time of delivery of the new vessel, the allowance shall be deposited in the owner's capital reserve fund. This subsection shall apply to obsolete vessels exchanged for new vessels hereafter contracted to be built, or eligible for such exchange but not exchanged in connection with a contract for new vessels executed prior to October 1, 1960.”

(2) Striking the present subsection (d) and inserting in lieu thereof the following:

“(d) The allowance for an obsolete vessel shall be the fair and reasonable value of such vessel as determined by the Commission. amount. In making such determination the Commission shall consider: (1) the scrap value of the obsolete vessel both in American and foreign markets, (2) the depreciated value based on a twenty or twenty-five year life, whichever is applicable to the obsolete vessel, and (3) the market value thereof for operation in the world trade or in the foreign or domestic trade of the United States. In the event the obsolete vessel is acquired by the Commission at the time the owner contracts for the construction of the new vessel, and the owner uses such vessel during the period of construction of the new vessel, the allowance shall be reduced by an amount representing the fair value of such use. The rate for the use of the obsolete vessel shall be fixed by the Commission for the entire period of such use at the time of execution of the contract for the construction of the new vessel.”

Approved October 5, 1961.

Allowance.
Determination of

46 USC 1160.

REORGANIZATION PLANS

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