An Act to authorize annual appropriation to reimburse Commodity Credit Corporation for net realized losses sustained during any fiscal year in lieu of annual appropriations to restore capital impairment based on annual Treasury appraisals, and for other
PL 87-155 (S.763), enacted 08/17/1961

75 
S T A T . ] 
PUBLIC LAW 87-156-AUG. 17, 1961 
391 
Public Law 37-155 
AN ACT 
To authorize annual appropriation to reimburse Commodity Credit Corporation 
for net realized losses sustained during any fiscal year in lieu of annual 
appropriations to restore capital impairment based on annual Treasury 
appraisals, and for other purposes. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That sections 1 and 
2 of the Act of March 8, 1938, as amended (15 U.S.C. 713a-l, 2), are 
hereby repealed. 
SEC. 2. There is hereby authorized to be appropriated annually for 
each fiscal year, commencing with the fiscal year ending June 30,1961, 
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 ac-
counts 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 can-
cellation of notes. 
SEC. 3. In the event the accounts of the Commodity Credit Cor-
poration reflect a net realized gain for any such fiscal year, the amount 
of such net realized gain shall be deposited in the Treasury by the 
Commodity Credit Corporation and shall be credited to miscellaneous 
receipts. 
Approved August 17, 1961. 
August L7, 1961 
[S. 763] 
Commodity Cred-
it Cotporsitlon. 
Capital 
impair-
ment, annual res-
toration. 
52 Stat. 107. 
August 17, 1961 
[S. 809] 
Public Law 87-156 
AN ACT 
To authorize the transfer of a Bureau of Reclamation bridge across the Colorado 
River near Needles, California, to San Bernardino County, California, and 
Mohave County, Arizona. 
Be it enactdd hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That the Secretary brid" e
^
'
^
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*
^ River 
of Interior is authorized to negotiate and effect the transfer of a 
Transfer. 
Bureau of Reclamation bridge which crosses the Colorado River ap-
proximately one mile east of Needles, California, together with appro-
priate easements for the approach roads thereto, to the counties of 
San Bernardino, California, and Mohave, Arizona, subject to such 
terms and conditions as are specified by the Secretary, including those 
in connection with the maintenance of the bridge and the mainte-
nance of the approach roads, the transfer to be contingent upon 
approval of the location and plans of the bridge in accordance with the 
provisions of the General Bridge Act approved August 2, 1946, as 
amended (33 U.S.C. 525-533): Provided^ however^ That terms and 
conditions shall include commitments by the counties that the bridge 
shall not be operated as a toll bridge. 
The Secretary is further 
authorized, if satisfactory terms and conditions are agreed to, to trans-
fer the said bridge and easements without monetary consideration. 
Approved August 17, 1961. 
60 Stat. 847.