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7 U.S.C. § 1738d — Repayment of principal

submitted 72 years ago by Pub. L. 101-624 to r/title-7-AGRICULTURE · 50 words · no verdicts yet

in plain englishAI-generated · not legal advice

Principal on each new obligation issued under the debt-reduction program must be repaid in United States dollars. Those repayments go into Commodity Credit Corporation accounts.

(a) Currency.—Principal owed under each new obligation issued under section 1738c of this title must be repaid in United States dollars. (b) Deposit.—Principal repayments on those obligations must be deposited in Commodity Credit Corporation accounts.
the actual law source: uscode.house.gov ↗public domain
(a) Currency of payment

The principal amount owed under each new obligation issued under section 1738c of this title shall be repaid in United States dollars.

(b) Deposit of payments

Principal repayments on new obligations issued under section 1738c of this title shall be deposited in Commodity Credit Corporation accounts.

Source credit: (July 10, 1954, ch. 469, title VI, § 605, as added Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104 Stat. 3659.)

history & why it existsrecord from the source credit
  • 1954Enacted · Pub. L. 101-624 · 104 Stat. 3659

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-624 on 1954-07-10.

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