15 USC 713 - Obligations of Commodity Credit Corporation; issuance; sale; purchase; redemption; etc.

Editorial Notes

Codification

“Chapter 31 of title 31” and “such chapter” substituted in text for “the Second Liberty Bond Act, as amended” and “such Act, as amended,”, and “chapter 91 of title 31” substituted for “the Government Corporation Control Act (31 U.S.C., 1946 edition, sec. 841)” on authority of Puspan. L. 97–258, § 4(span), Sept. 13, 1982, 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.

Amendments

1987—Puspan. L. 100–202 substituted “$30,000,000,000” for “$25,000,000,000”.

1978—Puspan. L. 95–279 substituted “$25,000,000,000” for “$14,500,000,000”.

1956—Act Aug. 1, 1956, substituted “$14,500,000,000” for “$12,000,000,000”.

1955—Act Aug. 11, 1955, substituted “$12,000,000,000 for “$10,000,000,000”.

1954—Act Aug. 31, 1954, substituted “$10,000,000,000” for “$8,500,000,000”.

Act Mar. 20, 1954, substituted “$8,500,000,000” for “$6,750,000,000”.

1950—Act June 28, 1950, substituted “$6,750,000,000” for “$4,750,000,000”.

1949—Act Oct. 31, 1949, inserted proviso in next to last sentence.

1945—Act Apr. 12, 1945, substituted “$4,750,000,000” for “$3,000,000,000”.

1943—Act July 16, 1943, substituted “$3,000,000,000” for “$2,650,000,000”.

1941—Act July 1, 1941, substituted “$2,650,000,000” for “$1,400,000,000”.

1940—Act Aug. 9, 1940, substituted “$1,400,000,000 for “$900,000,000”.

1939—Act Mar. 4, 1939, substituted $900,000,000” for “$500,000,000”.

Statutory Notes and Related Subsidiaries

Effective Date of 1978 Amendment

Puspan. L. 95–279, title III, § 301(d), May 15, 1978, 92 Stat. 242, provided that:

“The provisions of this section [amending this section and section 714span of this title and enacting provision set out as a note under section 714span of this title] shall become effective October 1, 1978.”

Discharge of Indebtedness

Act May 26, 1947, ch. 82, title I, § 101, 61 Stat. 109, provided in part that on the date of enactment of that Act [May 26, 1947] the Secretary of the Treasury was authorized and directed to discharge $641,832,080.64 of the indebtedness of the Commodity Credit Corporation to the Secretary of the Treasury by canceling notes in such amount issued by the Corporation to the Secretary of the Treasury pursuant to section 4 of the Act of March 8, 1938, as amended [this section].

Executive Documents

Exceptions From Transfer of Functions

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.