The additional funds requested in this supplemental will be needed for obligation and expenditure beginning October 1, 1969. Obligations for the fiscal year 1970 are as follows: 1 Fourth quarter apportionment on deficinecy basis to provide funds for pay increase authorized by Public Law No. 90-206 and salaries for Judge Quealy and his staff from Oct. 1, 1969. SUBCOMMITTEE RECESS Senator ALLOTT. All right, gentlemen. Thank you very much. (Whereupon, at 12:35 p.m. the subcommittee was recessed, to reconvene at 6 p.m. of the same day.) (EVENING SESSION, 6 O'CLOCK, MONDAY, DECEMBER 8, 1969) SMALL BUSINESS ADMINISTRATION DISASTER LOAN FUND STATEMENT OF W. D. BREWER, DEPUTY ADMINISTRATOR ACCOMPANIED BY: ANTHONY S. STASIO, ACTING ASSOCIATE ADMINISTRATOR FOR FINANCIAL ASSISTANCE W. P. TURPIN, ASSISTANT ADMINISTRATOR (COMPTROLLER) HERBERT T. MILLS, DIRECTOR, OFFICE OF BUDGET AND FINANCE JUSTIFICATION Senator BYRD. The subcommittee will come to order. We have for consideration this evening a request in the amount of $225 million from the Small Business Administration for disaster loan fund. We also have an item for the Commission on Government Procurement, the National Commission on Consumer Finance and Commission on Population Growth and the American Future. I must be on the floor this evening. There are some important matters I must do, so I have asked Senator Hruska to preside. I thank you, Senator, for taking over these duties tonight. Senator HRUSKA (presiding). The next supplemental request is in the amount of $225 million to the Small Business Administration to provide additional capital to the disaster loan fund, which fund is utilized to aid small businessmen or homeowners who are the victims after a major disaster. The justification will be placed in the record. (The justifications follow :) 37-624 069– -33 |