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7 U.S.C. § 5641 — Funding levels

submitted 36 years ago by Pub. L. 95-501 to r/title-7-AGRICULTURE · 68 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section authorizes direct-credit funds and sets annual export-credit guarantees.

(a) Direct credit programs. For each fiscal year, the Commodity Credit Corporation may make available whatever Corporation funds it decides are needed for a direct credit program under section 5621. (b) Export credit guarantees. For each fiscal year, it must make $5,500,000,000 in credit guarantees available under section 5622(a).

the actual law source: uscode.house.gov ↗public domain
(a) Direct credit programs

The Commodity Credit Corporation may make available for each fiscal year such funds of the Commodity Credit Corporation as it determines necessary to carry out any direct credit program established under section 5621 of this title.

(b) Export credit guarantee program

The Commodity Credit Corporation shall make available for each fiscal year $5,500,000,000 of credit guarantees under section 5622(a) of this title.

Source credit: (Pub. L. 95–501, title II, § 211, as added Pub. L. 101–624, title XV, § 1531, Nov. 28, 1990, 104 Stat. 3677; amended Pub. L. 103–66, title I, § 1302(a), Aug. 10, 1993, 107 Stat. 330; Pub. L. 104–127, title II, §§ 243(b), 244(a)(2)(B), (c), Apr. 4, 1996, 110 Stat. 967, 968; Pub. L. 107–171, title III, §§ 3102(d), 3103, May 13, 2002, 116 Stat. 289; Pub. L. 110–246, title III, §§ 3101(b), 3102(b), June 18, 2008, 122 Stat. 1831, 1832; Pub. L. 113–79, title III, §§ 3101(b), 3102, Feb. 7, 2014, 128 Stat. 779; Pub. L. 115–334, title III, § 3201(b)(1)(A), Dec. 20, 2018, 132 Stat. 4616.)

history & why it existsrecord from the source credit
  • 1990Enacted · Pub. L. 95-501 · 104 Stat. 3677
  • 1993Amended · Pub. L. 103-66 · 107 Stat. 330
  • 1996Amended · Pub. L. 104-127 · 110 Stat. 967, 968
  • 2002Amended · Pub. L. 107-171 · 116 Stat. 289
  • 2008Amended · Pub. L. 110-246 · 122 Stat. 1831, 1832
  • 2014Amended · Pub. L. 113-79 · 128 Stat. 779
  • 2018Amended · Pub. L. 115-334 · 132 Stat. 4616

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-501 on 1990-11-28.

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