
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 7USC1391]

 
                          TITLE 7--AGRICULTURE
 
             CHAPTER 35--AGRICULTURAL ADJUSTMENT ACT OF 1938
 
 SUBCHAPTER II--LOANS, PARITY PAYMENTS, CONSUMER SAFEGUARDS, MARKETING 
                   QUOTAS, AND MARKETING CERTIFICATES
 
           Part F--Miscellaneous Provisions and Appropriations
 
         subpart ii--appropriations and administrative expenses
 
Sec. 1391. Authorization of appropriations; loans from Commodity 
        Credit Corporation
        
    (a) Beginning with the fiscal year ending June 30, 1938, there is 
hereby authorized to be appropriated, for each fiscal year for the 
administration of this chapter and for the making of soil conservation 
and other payments such sums as Congress may determine, in addition to 
any amount made available pursuant to section 590o of title 16.
    (b) For the administration of this chapter (and the provisions of 
chapter 36 of this title) during the fiscal year ending June 30, 1938, 
there is hereby authorized to be made available from the funds 
appropriated for such fiscal year for carrying out the purposes of 
section 590g, 590h, 590i, and 590j to 590q of title 16, a sum not to 
exceed $5,000,000.
    (c) During each fiscal year, beginning with the fiscal year ending 
June 30, 1941, the Commodity Credit Corporation is authorized and 
directed to loan to the Secretary such sums, not to exceed $50,000,000, 
as he estimates will be required during such fiscal year, to make crop 
insurance premium advances and to make advances pursuant to the 
applicable provisions of sections 590h and 590l of title 16, in 
connection with programs applicable to crops harvested in the calendar 
year in which such fiscal year ends, and to pay the administrative 
expenses of county agricultural conservation associations for the 
calendar year in which such fiscal year ends. The sums so loaned during 
any fiscal year shall be transferred to the current appropriation 
available for carrying out sections 590g, 590h, 590i, and 590j to 590q 
of title 16 and shall be repaid, with interest at a rate to be 
determined by the Secretary but not less than the cost of money to the 
Commodity Credit Corporation for a comparable period, during the 
succeeding fiscal year from the appropriation available for that year or 
from any unobligated balance of the appropriation for any other year.

(Feb. 16, 1938, ch. 30, title III, Sec. 391, 52 Stat. 69; July 2, 1940, 
ch. 521, Sec. 8, 54 Stat. 728.)


                               Amendments

    1940--Subsec. (c). Act July 2, 1940, added subsec. (c).

                          Transfer of Functions

    Administration of program of Commodity Credit Corporation 
transferred to Secretary of Agriculture by 1946 Reorg. Plan No. 3, 
Sec. 501, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1100, set out in 
the Appendix to Title 5, Government Organization and Employees.

                  Exceptions From Transfer of Functions

    Functions of Corporations of Department of Agriculture, boards of 
directors and officers of such corporations; Advisory Board of Commodity 
Credit Corporation; and Farm Credit Administration or any agency, 
officer, or entity of, under, or subject to supervision of said 
Administration excepted from functions of officers, agencies, and 
employees transferred to Secretary of Agriculture by 1953 Reorg. Plan 
No. 2, Sec. 1, effective June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set 
out as a note under section 2201 of this title.

                  Section Referred to in Other Sections

    This section is referred to in section 1292 of this title.
