15 U.S.C. § 713a–11 — Annual appropriations to reimburse Commodity Credit Corporation for net realized loss

in plain englishAI-generated · not legal advice

This section sets rules about annual appropriations to reimburse commodity credit corporation for net realized loss. It assigns the listed duties, powers, limits, or procedures to the people and entities identified in the section.

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.

the actual law source: uscode.house.gov ↗public domain

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.

Source credit: (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.)

history & why it existsrecord from the source credit

1961Enacted · Pub. L. 87-155 · 75 Stat. 391
1987Amended · Pub. L. 100-203 · 101 Stat. 1330

A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-155 on 1961-08-17.