dreamproit/uscode huggingface dataset:
15 U.S.C. § 713a–6 (COMMERCE AND TRADE)
§ 713a–6. Sale of surplus agricultural commodities to foreign governments
Notwithstanding any other provision of law, the Commodity Credit Corporation, with the approval of the President, is authorized to sell surplus agricultural commodities, acquired by such Corporation through its loan operations, to foreign governments on the condition that, except for rotation to prevent deterioration, such commodities shall be held in reserve by such governments for a period of not less than five years from the date of acquisition, and shall not be disposed of unless a war or war emergency results in a serious interruption of normal supplies of such commodities: Provided, That under this section no concession below the prevailing world market price for the unrestricted use of such commodities, as determined by the Secretary of Agriculture, shall be granted, in consideration of the obligation assumed by such governments to hold such commodities in reserve as required hereinbefore, in excess of a maximum amount equal to the average carrying charges, as estimated by the Secretary of Agriculture, that would be incurred if such commodities should be held for an additional eighteen months’ period by the Commodity Credit Corporation. In determining specific cotton to be sold under this section, the determination shall be made by sampling and selection at the place where the cotton is stored on the date of signing any sales agreement or contract under this section, and no cotton shall be sold under any such sales agreement or contract which, after such date, is transported to any other place and there sampled and selected: Provided further, That in case of a sale, settlement must be made within sixty days after delivery and not more than five hundred thousand bales of cotton shall be sold upon the terms and conditions provided in this section.
(Aug. 11, 1939, ch. 701, 53 Stat. 1418.)
heading: Executive Documents
heading: Exceptions From Transfer of Functions
text: For exception of functions of corporations of Department of Agriculture from transfer of functions to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions note set out under section 712a of this title.
15 U.S.C. § 713a–8 (COMMERCE AND TRADE)
§ 713a–8. Omitted
heading: Editorial Notes
heading: Codification
text: Section, acts July 1, 1941, ch. 270, § 4, 55 Stat. 498; Oct. 2, 1942, ch. 578, § 9(a), 56 Stat. 768; Feb. 28, 1944, ch. 71, § 2, 58 Stat. 105; Ex. Ord. No. 9577, June 30, 1945, 10 F.R. 8087, which related to operations to cover the expansion of production of nonbasic agricultural commodities and to fulfillment of commitments to producers during the existing emergency, was omitted in light of the termination of hostilities declared by Proc. No. 2714 of Dec. 31, 1946 and Joint Res. July 25, 1947, ch. 327, § 3, 61 Stat. 451, providing that July 25, 1947, be deemed the date of termination of any state of war or national emergency theretofore declared or proclaimed.
15 U.S.C. § 713a–9 (COMMERCE AND TRADE)
§ 713a–9. Reimbursement of corporation from funds of Government agencies for services, losses, operating costs, or commodities purchased
Full reimbursement shall be made to the Commodity Credit Corporation for services performed, losses sustained, operating costs incurred, or commodities purchased or delivered to or on behalf of the Lend-Lease Administration, the Army or Navy, the Board of Economic Warfare, the Reconstruction Finance Corporation, or any other Government agency, from the appropriate funds of these agencies.
(July 16, 1943, ch. 241, § 4, 57 Stat. 566.)
heading: Executive Documents
heading: Transfer of Functions
text: Lend-Lease Administration and Board of Economic Warfare, referred to in text, consolidated with Foreign Economic Administration by Ex. Ord. No. 9380, Sept. 25, 1943. Foreign Economic Administration subsequently terminated and functions of Lend-Lease Administration and Board of Economic Warfare transferred to Department of State pursuant to Ex. Ord. No. 9630, Sept. 27, 1945, 10 F.R. 12245, as amended by Ex. Ord. No. 9730, May 27, 1946, 11 F.R. 5777.
heading: Exceptions From Transfer of Functions
text: For exception of functions of corporations of Department of Agriculture from transfer of functions to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions note set out under section 712a of this title.
heading: Abolition of Reconstruction Finance Corporation
text: Section 6(a) of Reorg. Plan No. 1 of 1957, eff. June 30, 1957, 22 F.R. 4633, 71 Stat. 647, set out as a note under section 601 of this title, abolished Reconstruction Finance Corporation.
15 U.S.C. § 713a–10 (COMMERCE AND TRADE)
§ 713a–10. Omitted
heading: Editorial Notes
heading: Codification
text: Section was a composite of provisions contained in the Agriculture, Rural Development, and Related Agencies Appropriation Act for Fiscal Year 1983 (Pub. L. 97–370, title I, title IV, title VI, § 625, Dec. 18, 1982, 96 Stat. 1797, 1798, 1808, 1812, as amended Pub. L. 99–386, title II, § 202, Aug. 22, 1986, 100 Stat. 823, and related to the authority of the Commodity Corporation to make expenditures and to make contracts and commitments without regard to fiscal year limitations, with exceptions for the amount of funds to be transferred to support the General Sales Manager and to carry out the Export Credit Sales direct loan program. For provisions applicable to subsequent fiscal years, see the appropriate Agriculture, Rural Development, and Related Agencies Appropriation Act. Similar provisions were contained in the following prior appropriations acts:
Dec. 23, 1981, Pub. L. 97–103, title I, title IV, 95 Stat. 1476, 1477, 1485.
Aug. 13, 1981, Pub. L. 97–35, title I, § 152, 95 Stat. 370.
Dec. 15, 1980, Pub. L. 96–528, title I, 94 Stat. 3103, 3104.
Nov. 9, 1979, Pub. L. 96–108, title I, 93 Stat. 829.
Oct. 11, 1978, Pub. L. 95–448, title I, 92 Stat. 1081, 1082.
Aug. 12, 1977, Pub. L. 95–97, title I, 91 Stat. 817, 818.
July 12, 1976, Pub. L. 94–351, title I, 90 Stat. 858.
Oct. 21, 1975, Pub. L. 94–122, title I, 89 Stat. 652, 653.
Dec. 31, 1974, Pub. L. 93–563, title I, 88 Stat. 1830.
Oct. 24, 1973, Pub. L. 93–135, title I, 87 Stat. 477.
Aug. 22, 1972, Pub. L. 92–399, title I, 86 Stat. 600.
Aug. 10, 1971, Pub. L. 92–73, title I, 85 Stat. 190.
Dec. 31, 1970, Pub. L. 91–566, title III, 84 Stat. 1494, 1495.
Nov. 26, 1969, Pub. L. 91–127, title III, 83 Stat. 259.
Aug. 8, 1968, Pub. L. 90–463, title III, 82 Stat. 652.
Oct. 14, 1967, Pub. L. 90–113, title III, 81 Stat. 332.
Sept. 7, 1966, Pub. L. 89–556, title III, 80 Stat. 702.
Nov. 2, 1965, Pub. L. 89–316, title III, 79 Stat. 1177, 1178.
Sept. 2, 1964, Pub. L. 88–573, title III, 78 Stat. 874.
Dec. 30, 1963, Pub. L. 88–250, title III, 77 Stat. 831.
Oct. 24, 1962, Pub. L. 87–879, title III, 76 Stat. 1213.
July 26, 1961, Pub. L. 87–112, title III, 75 Stat. 238, 239.
June 29, 1960, Pub. L. 86–532, title II, 74 Stat. 242.
April 13, 1960, Pub. L. 86–424, 74 Stat. 42.
July 8, 1959, Pub. L. 86–80, title II, 73 Stat. 177.
May 20, 1959, Pub. L. 86–30, title I, 73 Stat. 36.
June 13, 1958, Pub. L. 85–459, title II, 72 Stat. 198.
Aug. 2, 1957, Pub. L. 85–118, title II, 71 Stat. 338.
June 4, 1956, ch. 355, title II, 70 Stat. 238.
May 19, 1956, ch. 313, Ch. I, 70 Stat. 162.
May 23, 1955, ch. 43, title II, 69 Stat. 60, 61.
Jan. 25, 1955, ch. 3, Ch. II, 69 Stat. 5.
June 29, 1954, ch. 409, title II, 68 Stat. 317.
July 28, 1953, ch. 251, title II, 67 Stat. 222.
July 5, 1952, ch. 574, title II, 66 Stat. 353.
Aug. 31, 1951, ch. 374, title III, 65 Stat. 244.
Sept. 6, 1950, ch. 896, Ch. VI, title II, 64 Stat. 677.
June 29, 1949, ch. 280, title II, 63 Stat. 346.
July 19, 1948, ch. 543, title II, § 202, 62 Stat. 531.
July 30, 1947, ch. 356, title II, § 202, 61 Stat. 550.
15 U.S.C. § 713a–11 (COMMERCE AND TRADE)
§ 713a–11. Annual appropriations to reimburse Commodity Credit Corporation for net realized loss
There is authorized to be appropriated annually for each fiscal year by means of a current, indefinite appropriation, out of any money in the Treasury not otherwise appropriated, an amount sufficient to reimburse Commodity Credit Corporation for its net realized loss incurred during such fiscal year, as reflected in its accounts and shown in its report of its financial condition as of the close of such fiscal year. Reimbursement of net realized loss shall be with appropriated funds, as provided herein, rather than through the cancellation of notes.
(Pub. L. 87–155, § 2, Aug. 17, 1961, 75 Stat. 391; Pub. L. 100–203, title I, § 1506(a), Dec. 22, 1987, 101 Stat. 1330–28.)
heading: Editorial Notes
heading: Amendments
text: 1987—Pub. L. 100–203 substituted “by means of a current, indefinite appropriation” for “, commencing with the fiscal year ending June 30, 1961”.
heading: Statutory Notes and Related Subsidiaries
heading: Effective Date of 1987 Amendment
text: Pub. L. 100–203, title I, § 1506(c), Dec. 22, 1987, 101 Stat. 1330–29, provided that: “This section and the amendment made by this section [amending this section and enacting provisions set out as a note below] shall apply beginning with fiscal year 1988.”
heading: Operating Expenses
text: Pub. L. 100–203, title I, § 1506(b), Dec. 22, 1987, 101 Stat. 1330–29, provided that: “No funds may be appropriated for operating expenses of the Commodity Credit Corporation except as authorized under section 2 of Public Law 87–155 [15 U.S.C. 713a–11] to reimburse the Corporation for net realized losses.”
15 U.S.C. § 713a–11a (COMMERCE AND TRADE)
§ 713a–11a. Interest prohibited when reimbursing Corporation for net realized losses
After September 30, 1964, the portion of borrowings from Treasury equal to the unreimbursed realized losses recorded on the books of the Commodity Credit Corporation after September 30 of the fiscal year in which such losses are realized, shall not bear interest and interest shall not be accrued or paid thereon.
(Pub. L. 89–316, title III, § 301, Nov. 2, 1965, 79 Stat. 1178; Pub. L. 94–273, § 2(6), Apr. 21, 1976, 90 Stat. 375.)
heading: Editorial Notes
heading: Amendments
text: 1976—Pub. L. 94–273 substituted “September” for “June”.
15 U.S.C. § 713b (COMMERCE AND TRADE)
§ 713b. Repealed. July 31, 1945, ch. 341, § 10, 59 Stat. 529
text: Section, acts Jan. 31, 1935, ch. 2, § 9, 49 Stat. 4; Jan. 26, 1937, ch. 6, § 2(a), 50 Stat. 5; Mar. 4, 1939, ch. 5, § 1(b), (c), 53 Stat. 510; Mar. 2, 1940, ch. 34, 54 Stat. 38; Sept. 26, 1940, ch. 734, § 3, 54 Stat. 962, related to the Export-Import Bank of Washington, its continuation of existence, and its powers. See chapter 6A (§ 635 et seq.) of Title 12, Banks and Banking.
text: Section was also repealed by act June 30, 1947, ch. 166, title II, § 206(m), 61 Stat. 208.
text: Section 10 of act July 31, 1945, which repealed this section, was repealed by Pub. L. 102–429, title I, § 121(c)(1), Oct. 21, 1992, 106 Stat. 2199.
heading: Executive Documents
heading: Dissolution of Second Export-Import Bank of Washington, D.C.
text: Ex. Ord. No. 7365, May 7, 1936, 1 F.R. 372, dissolved said Bank on June 30, 1936, and provided that all remaining funds be covered into United States Treasury as miscellaneous receipts and all records transferred to Export-Import Bank of Washington.
15 U.S.C. § 713c (COMMERCE AND TRADE)
§ 713c. Federal Surplus Commodities Corporation; continuance of existence; purchase and distribution of surplus agricultural commodities
In carrying out the provisions of clause (2) of section 612c of title 7, the Secretary of Agriculture may transfer to the Federal Surplus Commodities Corporation, which Corporation is continued, until June 30, 1945, as an agency of the United States under the direction of the Secretary of Agriculture, such funds, appropriated by said section, as may be necessary for the purpose of effectuating clause (2) of said section: Provided, That such transferred funds, together with other funds of the Corporation, may be used for purchasing, exchanging, processing, distributing, disposing, transporting, storing, and handling of agricultural commodities and products thereof and inspection costs, commissions, and other incidental costs and expenses, without regard to the provisions of existing law governing the expenditure of public funds and for administrative expenses, including rent, printing and binding, and the employment of persons and means, in the District of Columbia and elsewhere, such employment of persons to be in accordance with the provisions of law applicable to the employment of persons by the Agricultural Adjustment Administration. In carrying out clause (2) of said section, the funds appropriated by said section may be used for the purchase, without regard to the provisions of existing law governing the expenditure of public funds, of agricultural commodities and products thereof, and such commodities, as well as agricultural commodities and products thereof purchased under the preceding paragraph of this section, may be donated for relief purposes and for use in nonprofit summer camps for children.
(June 28, 1937, ch. 385, 50 Stat. 323; Feb. 16, 1938, ch. 30, title II, § 204, 52 Stat. 38; June 27, 1942, ch. 454, 56 Stat. 461; Pub. L. 85–483, § 2, July 2, 1958, 72 Stat. 287.)
heading: Editorial Notes
heading: Amendments
text: 1958—Pub. L. 85–483 permitted donation of commodities for use in nonprofit summer camps for children.
1942—Act June 27, 1942, provided for the continuance of the Corporation from June 30, 1942, to June 30, 1945. It read as follows: “The Federal Surplus Commodities Corporation is hereby continued as an agency of the United States, under the direction of the Secretary of Agriculture, until June 30, 1945.”
1938—Act Feb. 16, 1938, substituted “until June 30, 1942” for “until June 30, 1939”.
heading: Executive Documents
heading: Transfer of Functions
text: For transfer of functions of Federal Surplus Commodities Corporation, see Transfer of Functions note set out under section 712a of this title.
15 U.S.C. § 713c–1 (COMMERCE AND TRADE)
§ 713c–1. Annual report to Congress by Federal Surplus Commodities Corporation
The Federal Surplus Commodities Corporation shall submit to Congress on the first day of each regular session an annual report setting forth a statement of the activities, receipts, and expenditures of the Corporation during the previous year.
(Feb. 16, 1938, ch. 30, title II, § 204, 52 Stat. 38.)
heading: Editorial Notes
heading: Codification
text: Section was previously classified to section 1293 of Title 7, Agriculture.
heading: Executive Documents
heading: Transfer of Functions
text: For transfer of functions of Federal Surplus Commodities Corporation, see Transfer of Functions note set out under section 712a of this title.
15 U.S.C. § 713d–1 (COMMERCE AND TRADE)
§ 713d–1. Critical shortages; recommendations by President; public hearings
(a) Whenever the President shall determine that there is or threatens to be a critical shortage of any raw material, commodity, or product which jeopardizes the health or safety of the people of the United States or its national security or welfare and that there is no prospect that such critical shortage may soon be remedied by an increase in the available supply without additional governmental action and that the situation cannot be solved by voluntary agreement under the provisions of this Act, he may prepare proposed measures for conserving such raw material, commodity, or product which he shall submit to the Congress in the following form:
(1) A statement of the circumstances which, in the President’s judgment, require the proposed conservation measures.
(2) A detailed procedure for the administration of the proposed measures including the additional budget and additional personnel required for their enforcement.
(3) The proposed degree of curtailment in current and prospective use of each such raw material, commodity, or product by each processor and/or user thereof, including the specific formulae proposed for such curtailment with respect to each class or classes of processors or users and the criteria used in the establishment of such formulae.
(4) A complete record of the factual evidence upon which his recommendations are based, including all information provided by any agency of the Federal Government which may have been made available to him in the course of his consideration of the matter.
(b) Within fifteen days after the submission of such proposed conservation measures, the Joint Economic Committee shall conduct public hearings thereon and shall make such recommendations to the Congress for legislative action as in its judgment the recommendations of the President and any additional information disclosed at the public hearings may require.
(Dec. 30, 1947, ch. 526, § 6, 61 Stat. 947; June 18, 1956, ch. 399, § 2, 70 Stat. 290.)
heading: Editorial Notes
heading: References in Text
text: This Act, referred to in text, means act Dec. 30, 1947, ch. 526, 61 Stat. 945. For complete classification of this Act to the Code, see Tables.
heading: Codification
text: Section was formerly classified to section 1916 of the former Appendix to Title 50, War and National Defense, prior to editorial reclassification and renumbering as this section.
heading: Amendments
text: 1956—Subsec. (b). Act June 18, 1956, changed “Joint Committee on the Economic Report” to “Joint Economic Committee”.
15 U.S.C. § 713d–3 (COMMERCE AND TRADE)
§ 713d–3. Authorizations for appropriations
There is authorized to be appropriated such amounts as may be necessary for purposes of carrying out the provisions of this joint resolution.
(Dec. 30, 1947, ch. 526, § 9, 61 Stat. 948.)
heading: Editorial Notes
heading: References in Text
text: This joint resolution, referred to in text, means act Dec. 30, 1947, ch. 526, 61 Stat. 945. For complete classification of this Act to the Code, see Tables.
heading: Codification
text: Section was formerly classified to section 1919 of the former Appendix to Title 50, War and National Defense, prior to editorial reclassification and renumbering as this section.
15 U.S.C. § 714 (COMMERCE AND TRADE)
§ 714. Creation and purpose of Corporation
For the purpose of stabilizing, supporting, and protecting farm income and prices, of assisting in the maintenance of balanced and adequate supplies of agricultural commodities, products thereof, foods, feeds, and fibers (hereinafter collectively referred to as “agricultural commodities”), and of facilitating the orderly distribution of agricultural commodities, there is created a body corporate to be known as Commodity Credit Corporation (hereinafter referred to as the “Corporation”), which shall be an agency and instrumentality of the United States, within the Department of Agriculture, subject to the general supervision and direction of the Secretary of Agriculture (hereinafter referred to as the “Secretary”).
(June 29, 1948, ch. 704, § 2, 62 Stat. 1070; June 7, 1949, ch. 175, § 1, 63 Stat. 154.)
heading: Editorial Notes
heading: Amendments
text: 1949—Act June 7, 1949, placed the general supervision and direction of the Commodity Credit Corporation in the Secretary of Agriculture.
heading: Statutory Notes and Related Subsidiaries
heading: Effective Date
text: Section 18 of act June 29, 1948, provided that sections 714 to 714o of this title shall take effect as of midnight June 30, 1948.
heading: Short Title
text: Congress in enacting sections 714 to 714p of this title provided by section 1 of act June 29, 1948, that they should be popularly known as the “Commodity Credit Corporation Charter Act”.
heading: Establishing Quality as Goal for Commodity Credit Corporation Programs
text: Pub. L. 101–624, title XXV, § 2517, formerly § 2518, Nov. 28, 1990, 104 Stat. 4078, as renumbered by Pub. L. 104–66, title I, § 1011(h), Dec. 21, 1995, 109 Stat. 710, provided that: “In carrying out its activities the Commodity Credit Corporation shall, to the extent practicable, provide for program provisions that promote quality in the production and marketing of crops and livestock in the United States.”
[Pub. L. 104–127, title VII, § 711, Apr. 4, 1996, 110 Stat. 1112, which directed the repeal of section 2517 of the Food, Agriculture, Conservation, and Trade Act of 1990, Pub. L. 101–624, relating to a study of transportation of fertilizer and agricultural chemicals to farmers, was not executed to provisions set out above, to reflect the probable intent of Congress and the amendment by Pub. L. 104–66, title I, § 1011(h), Dec. 21, 1995, 109 Stat. 710, which repealed section 2517 of Pub. L. 101–624 relating to such study, and renumbered section 2518 of Pub. L. 101–624, set out above, as section 2517 of Pub. L. 101–624.]
heading: Executive Documents
heading: Exceptions From Transfer of Functions
text: For exception of functions of corporations of Department of Agriculture from transfer of functions to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions note set out under section 712a of this title.
15 U.S.C. § 714a (COMMERCE AND TRADE)
§ 714a. Location of offices
The Corporation may establish offices in such place or places as it may deem necessary or desirable in the conduct of its business.
(June 29, 1948, ch. 704, § 3, 62 Stat. 1070.)
heading: Executive Documents
heading: Exceptions From Transfer of Functions
text: For exception of functions of corporations of Department of Agriculture from transfer of functions to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions note set out under section 712a of this title.
15 U.S.C. § 714d (COMMERCE AND TRADE)
§ 714d. Laws applicable to Corporation
The Federal statutes applicable to Commodity Credit Corporation, a Delaware corporation, shall be applicable to the Corporation. Commodity Credit Corporation, a Delaware corporation, shall cease to be an agency of the United States as provided in section 713(a) of this title.
(June 29, 1948, ch. 704, § 6, 62 Stat. 1072.)
heading: Editorial Notes
heading: References in Text
text: Section 713(a) of this title, referred to in text, was omitted from the Code. See Codification note under former section 713 of this title.
heading: Executive Documents
heading: Exceptions From Transfer of Functions
text: For exception of functions of corporations of Department of Agriculture from transfer of functions to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions note set out under section 712a of this title.
15 U.S.C. § 714e (COMMERCE AND TRADE)
§ 714e. Capital stock; amount; interest
The Corporation shall have a capital stock of $100,000,000 which shall be subscribed by the United States. Such subscription shall be deemed to be fully paid by the transfer of assets to the Corporation pursuant to section 714n of this title. The Corporation shall pay interest to the United States Treasury on the amount of its capital stock, and on the amount of the obligations of the Corporation purchased by the Secretary of the Treasury pursuant to the Act of March 8, 1938 (U.S.C., title 15, sec. 713a–4), as amended, at such rates as may be determined by the Secretary of the Treasury to be appropriate in view of the terms for which such amounts are made available to the Corporation.
(June 29, 1948, ch. 704, § 7, 62 Stat. 1072.)
heading: Editorial Notes
heading: References in Text
text: Act of March 8, 1938, referred to in text, is act Mar. 8, 1938, ch. 44, §§ 1–5, 52 Stat. 107, which was classified to sections 713a–1 to 713a–5 of this title. Sections 713a–1 and 713a–2 were repealed by Pub. L. 87–155, § 1, Aug. 17, 1961, 75 Stat. 391, and section 713a–3 was omitted from the Code.
heading: Executive Documents
heading: Exceptions From Transfer of Functions
text: For exception of functions of corporations of Department of Agriculture from transfer of functions to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions note set out under section 712a of this title.