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15 U.S.C. § 713a–11a — Interest prohibited when reimbursing Corporation for net realized losses

submitted 61 years ago by Pub. L. 89-316 to r/title-15-COMMERCE-AND-TRADE · 52 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets rules about interest prohibited when reimbursing corporation for net realized losses. It assigns the listed duties, powers, limits, or procedures to the people and entities identified in the section.

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.

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

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.

Source credit: (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.)

history & why it existsrecord from the source credit
  • 1965Enacted · Pub. L. 89-316 · 79 Stat. 1178
  • 1976Amended · Pub. L. 94-273 · 90 Stat. 375

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-316 on 1965-11-02.

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