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President's Letter to President Pro Tempore of the Senate and letter of Roy L. Ash, Director, Office of Management and Budget, requesting supplemental appropriations for the Department of Commerce
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7336387
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President's Letter to President Pro Tempore of the Senate and letter of Roy L. Ash, Director, Office of Management and Budget, requesting supplemental appropriations for the Department of Commerce
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White House Press Releases (Ford Administration)
Press Releases
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1974-10-02
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1974
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Digitized from Box 3 of the White House Press Releases at the Gerald R. Ford Presidential Library
THE WHITE HOUSE
WASHINGTON
October 2, 1974
The President Pro Tempore
of the Senate
Sir:
I ask the Congress to consider proposed supplemental appropriations
for the fiscal year 1975 in the amount of $7,005,000 in budget authority
for the Department of Commerce and $20,000,000 in transfer authority for
the Small Business Administration.
The details of this proposal are set forth in the enclosed letter
from the Director of the Office of Management and Budget, with whose
comments and observations I concur. These proposed appropriations are
within the amounts anticipated in the 1975 budget.
Respectfully,
Harld R. 3nd
Enclosure
EXECUTIVE OFFICE OF THE PRESIDENT
OFFICE OF MANAGEMENT AND BUDGET
WASHINGTON, D.C. 20503
October 2, 1974
The President
The White House
Sir:
I have the honor to submit for your consideration a proposed supple-
mental appropriation for the fiscal year 1975 in the amount of $7,005,000
in budget authority for the Department of Commerce and $20,000,000 in
transfer authority for the Small Business Administration, as follows:
DEPARTMENT OF COMMERCE
REGIONAL ACTION PLANNING COMMISSIONS
Regional Development Programs
For an additional amount for "Regional development programs,"
$7,005,000, to remain available until expended: Provided, That the funds
appropriated in this paragraph shall be available only upon enactment into
law of authorizing legislation.
The proposed supplemental will provide funds for regional economic
development efforts provided for in H.R. 14883, the enrolled two year
extension of the Public Works and Economic Development Act. The funds for
the Regional Action Planning Commissions will restore the commissions to
their fiscal 1974 level.
SMALL BUSINESS ADMINISTRATION
Surety Bond Guarantees Fund
For additional capital for the "Surety Bond Guarantees Fund,"
authorized by the Small Business Investment Act, as amended, to remain
available without fiscal year limitation: $20,000,000, to be derived by
transfer from the "Business Loan and Investment Fund.' "
2
This proposed transfer will provide $20 million to permit continuation
of the Surety Bond Program. Public Law 93-386, enacted on August 23, 1974,
separated this program from the Lease Guarantees Program. Because of the
separation of these programs, the funding flexibility has been reduced and
the $5 million currently allocated to the Surety Bond Guarantees Fund is
not adequate to permit continuation of the program during the remainder of
FY 1975. The proposed transfer from the Business Loan and Investment Fund
will permit continuation of the Surety Bond Program with no increase in
the Federal budget.
The proposed supplemental for the Department of Commerce was anticipated
in the 1975 budget, and the proposal for the Small Business Administration
is a simple transfer from one account to another. Therefore, there will be
no increase in the 1975 budget totals.
I have carefully reviewed the proposal for appropriations contained in
this document and am satisfied that this request is necessary at this time.
I recommend, therefore, that this proposal be transmitted to the Congress.
Respectfully,
Director