§ 714e. — Capital stock; amount; interest.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC714e]
TITLE 15--COMMERCE AND TRADE
CHAPTER 15--ECONOMIC RECOVERY
SUBCHAPTER II--COMMODITY CREDIT CORPORATION
Sec. 714e. Capital stock; amount; interest
The Corporation shall have a capital stock of $100,000,000 which
shall be subscribed by the United States. Such subscription shall be
deemed to be fully paid by the transfer of assets to the Corporation
pursuant to section 714n of this title. The Corporation shall pay
interest to the United States Treasury on the amount of its capital
stock, and on the amount of the obligations of the Corporation purchased
by the Secretary of the Treasury pursuant to the Act of March 8, 1938
(U.S.C., title 15, sec. 713a-4), as amended, at such rates as may be
determined by the Secretary of the Treasury to be appropriate in view of
the terms for which such amounts are made available to the Corporation.
(June 29, 1948, ch. 704, Sec. 7, 62 Stat. 1072.)
References in Text
Act of March 8, 1938, referred to in text, is act Mar. 8, 1938, ch.
44, Secs. 1-5, 52 Stat. 107, which was classified to sections 713a-1 to
713a-5 of this title. Sections 713a-1 and 713a-2 were repealed by Pub.
L. 87-155, Sec. 1, Aug. 17, 1961, 75 Stat. 391, and section 713a-3 was
omitted from the Code.
Exceptions From Transfer of Functions
For exception of functions of corporations of Department of
Agriculture from transfer of functions to Secretary of Agriculture by
Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions
note set out under section 712a of this title.
