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7345894
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Letter from the President to the Speaker of the House of Representatives asking Congress to consider a proposed supplemental appropriation for the fiscal year 1977 in the amount of $40,000,000 for the Department of Agriculture
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7345894
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document
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Letter from the President to the Speaker of the House of Representatives asking Congress to consider a proposed supplemental appropriation for the fiscal year 1977 in the amount of $40,000,000 for the Department of Agriculture
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White House Press Releases (Ford Administration)
Press Releases
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7345894
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28
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1976-09-28
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9
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1976
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38b8f23d4319148f
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Digitized from Box 31 of the White House Press Releases at the Gerald R. Ford Presidential Library
THE WHITE HOUSE
WASHINGTON
September 28, 1976
The Speaker of the
House of Representatives
Sir:
I ask the Congress to consider a proposed supplemental
appropriation for the fiscal year 1977 in the amount of
$40,000,000 for the Department of Agriculture.
The details of this proposal are set forth in the
enclosed letter from the Director of the Office of
Management and Budget. I concur with his comments and
observations.
Respectfully,
EXECUTIVE OFFICE OF THE PRESIDENT
UNITED
OFFICE OF MANAGEMENT AND BUDGET
WASHINGTON. D.C. 20503
September 28, 1976
The President
The White House
Sir:
I have the honor to submit for your consideration
proposed supplemental appropriations for the fiscal
year 1977 in the amount of $40,000,000 for the
Department of Agriculture.
Department of Agriculture
Federal Crop Insurance Corporation
Subscription to Capital Stock
To enable the Secretary of the Treasury to
subscribe and pay for capital stock of the Federal
Crop Insurance Corporation, as provided in section
504 of the Federal Crop Insurance Act (7 U.S.C. 1504),
$40,000,000.
The proposed supplemental appropriation will enable
the Secretary of Treasury to subscribe and pay for capital
stock of the Federal Crop Insurance Corporation. The
additional capital stock is proposed for 1977 to provide
the Corporation with adequate working capital to meet
its current financial responsibilities.
I have carefully reviewed the proposal for appropriation
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.
Sincerely yours,
Jan Director James T. Lynn T.b