§ 713a-11. — Annual appropriations to reimburse Commodity Credit Corporation for net realized loss.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC713a-11]
TITLE 15--COMMERCE AND TRADE
CHAPTER 15--ECONOMIC RECOVERY
SUBCHAPTER I--GENERALLY
Sec. 713a-11. Annual appropriations to reimburse Commodity
Credit Corporation for net realized loss
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.
(Pub. L. 87-155, Sec. 2, Aug. 17, 1961, 75 Stat. 391; Pub. L. 100-203,
title I, Sec. 1506(a), Dec. 22, 1987, 101 Stat. 1330-28.)
Amendments
1987--Pub. L. 100-203 substituted ``by means of a current,
indefinite appropriation'' for ``, commencing with the fiscal year
ending June 30, 1961''.
Effective Date of 1987 Amendment
Section 1506(c) of Pub. L. 100-203 provided that: ``This section and
the amendment made by this section [amending this section and enacting
provisions set out as a note below] shall apply beginning with fiscal
year 1988.''
Operating Expenses
Section 1506(b) of Pub. L. 100-203 provided that: ``No funds may be
appropriated for operating expenses of the Commodity Credit Corporation
except as authorized under section 2 of Public Law 87-155 [15 U.S.C.
713a-11] to reimburse the Corporation for net realized losses.''
