An Act to permit sale of Commodity Credit Corporation stocks of basic and storable non-basic agricultural commodities without restriction where similar commodities are exported in raw or processed form.
PL 84-395 (S.2170), enacted 01/28/1956

PUBLIC LAW 395-JAN. 28, 1956 
[70 ST A T . 
S u r v e y s , c o n -
struction, etc. 
Excess expend-
itures by U. S. 
43 
613e. u s e 
613-
Termination. 
43 u s e 485a. 
"'Land Classification Report, Unit One, Yuma Mesa Division, Gila 
Project, Arizona, May 1949", as amended, made pursuant to sub-
section (d) of section 4 of the Act of December 5, 1924 (4fS Stat. 702, 
43 U. S. G. 462) ; (2) the unpaid operation and maintenance charges 
which accrued prior to June 30,1954, totaling $297,167.45, as allocated 
by the Secretary to said lands situate within the district; and (0) the 
costs of the works authorized in section 2 hereof, not exceeding 
$1,350,000, and further providing for the release, on such terms and 
conditions as the Secretary finds appropriate, of the existing pre-
development contracts and mortgages held by the United States on 
the lands situate within the district which were predeveloped by the 
United States, and for the repayment to the United States by the 
lands benefited by said predevelopment of the amounts provided for 
in said mortgages in the same period within which the costs for the 
construction of the irrigation facilities are to be repaid. 
SEC. 2. The Secretary is authorized on such terms and conditions 
as he deems appropriate to make drainage surveys and investigations 
of the lands within the district, to construct drainage facilities and 
works therefor, to install additional pump capacity in the Yuma 
Mesa Pump Plant of not to exceed two hundred and seventy-five 
cubic feet per second, to construct such buildings determined by him 
to be appropriate in connection with the operation and maintenance 
of the lands situate within the district, and to provide in the contract 
referred to in section 1 hereof for the performance of such work. 
SEC. 3. Expenditures by the United States in excess of the amounts 
to be repaid by the district as provided in section 1 hereof, which 
have been allocated by the Secretary (a) to acreage eliminated from 
the Gila project pursuant to the Act of July 30, 1947 (61 Stat. 628), 
(b) to dust control on the Yuma Mesa Division, Gila project, (c) to 
that portion of predevelopment costs not heretofore covered by con-
tracts and mortgages covering predevelopment charges on lands situate 
within the district, and (d) other costs allocated by the Secretary 
to the lands situate within the district not otherwise covered by the 
repayment obligation in section 1 hereof to be assumed by the district 
or not otherwise allocated by the Secretary to other contracting entities 
and which are not assumed or are not to be assumed by them, shall be 
nonreimbursable: Provided,, That all revenues from the disposal of 
public lands within the district (which disposition is hereby author-
ized on terms and conditions satisfactory to the Secretary) or from 
special water service contracts other than those which the Secretary 
determines are allocable to operation and maintenance costs of the 
district shall be retained by the United States. 
SEC. 4. The authority gi-anted in section 1 of this Act to execute 
said contract shall terminate on December 31,1957. 
SEC. 5. This Act is declared to be a part of the Federal reclama-
tion laws as they are defined in the Eeclamation Project Act of 1939 
(53 Stat. 1187). 
Approved January 28, 1956. 
January 28, 1956 
[S. 2170] 
Public Law 395 
CHAPTER 14 
AN ACT 
To permit sale of Comniodity Credit Corporation stocks of basic and storable 
nonbasic agricultural commodities without restriction where similar commodi-
ties are exported in raw or processed form. 
A g r i c u l t u r a l 
conunodities, sale. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 407 
70 
S T A T . ] 
PUBLIC LAW 397-JAN. 28, 1956 
of the Agricultural Act of 1049, as amended, is amended by adding 
at the end of such section the following: "For the purposes of this 
section, sales for export shall not only include sales made on condi-
tion that the identical commodities sold be exported, but shall also 
include sales made on condition that commodities of the same kind 
and of comparable value or quantity be exported, either in raw or 
processed form." 
Approved January 28, 1956. 
68 Stat. 583. 
7 u s e 142 7. 
Public Law 396 
CHAPTER 15 
AN ACT 
To amend the Internal Revenue Code of 1954 with respect to deductions from 
gross income of amounts contributed to employees trusts. 
January 28, 1956 
[H. R. 4582] 
Be it enacted hy the Senate and Flouse of Representatives 
of the 
United States of America in Congress assembled^ That a new para-
graph be added to section 381 (c) of the Internal Revenue Code of 
1954 to read as follows: 
"(20) 
CARRY-OVER OF UNUSED PENSION TRUST DEDUCTIONS IN 
CERTAIN CASES.—Notwithstanding the other provisions of this 
section, or section 394 (a), a corporation which has acquired the 
properties and assumed the liabilities of a wholly owned sub-
sidiary shall be considered to have succeeded to and to be entitled 
to take into account contributions of the subsidiary to a pension 
plan, and shall be considered to be the distributor or transferor 
corporation after the date of distribution or transfer (but not 
for taxable years with respect to which this paragraph does not 
apply) for the purpose of determining the amounts deductible 
under section 404 with respect to contributions to a pension 
plan if— 
"(A) the corporate laws of the State of incorporation of 
the subsidiary required the surviving corporation in the case 
of merger to be incorporated under the laws of the State of 
incorporation of the subsidiary; and 
"(B) the properties were acquired in a liquidation of the 
subsidiary in a transaction subject to section 112 (b) (6) 
of the Internal Revenue Code of 1939." 
SEC. 2. The amendments made by the first section of this Act shall 
apply with respect to taxable years beginning after December 31, 
1953, and ending after August 16, 1954. 
Approved January 28, 1956. 
Int e r nal Reve-
nue Code of 1954, 
amendment. 
68A Stat. 129. 
26 u s e 381. 
Effective date. 
Public Law 397 
CHAPTER 16 
AN ACT 
To amend the Internal Revenue Code of 1939 with respect to the period of 
limitation for filing claims by certain transferees and fiduciaries for credit or 
refund of income taxes. 
January 28, 1956 
[H. R. 5428] 
Be it enacted hy the Senate and House of Representatives 
of the 
United, States of America in Congress assembled. That section 311 (b) 
(4) of the Internal Revenue Code of 1939 is hereby amended by 
inserting " ( A ) " after "(4)" and by adding at the end thereof the 
following: 
"(B) For the purpose of determining the period of limitation 
on credit or refund to the transferee or fiduciary of— 
Int e r n a l Reve-
nue Code of 1939, 
amendment. 
53 Stat. 90.