
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: 7USC1967]

 
                          TITLE 7--AGRICULTURE
 
                     CHAPTER 50--AGRICULTURAL CREDIT
 
                     SUBCHAPTER III--EMERGENCY LOANS
 
Sec. 1967. Addition to Emergency Credit Revolving Fund of sums 
        from liquidation of loans; authorization of appropriations
        
    (a) All sums received by the Secretary from the liquidation of loans 
made under the provisions of this subchapter or under the Act of April 
6, 1949, as amended, or the Act of August 31, 1954, and from the 
liquidation of any other assets acquired with money from the Emergency 
Credit Revolving Fund shall be added to and become a part of such fund.
    (b) There are authorized to be appropriated to the Emergency Credit 
Revolving Fund such additional sums as the Congress shall from time to 
time determine to be necessary.

(Pub. L. 87-128, title III, Sec. 327, Aug. 8, 1961, 75 Stat. 312.)

                       References in Text

    Act of April 6, 1949, as amended, referred to in subsec. (a), is act 
Apr. 6, 1949, ch. 49, 63 Stat. 43, as amended, which was classified to 
sections 1148a-1 to 1148a-3 of Title 12, Banks and Banking, was repealed 
by section 341(a) of Pub. L. 87-128, and is covered by this chapter.
    Act of August 31, 1954, referred to in subsec. (a), is act Aug. 31, 
1954, ch. 1145, 68 Stat. 999, which was classified as a note under 
section 1148a-1 of Title 12, was repealed by section 341(a) of Pub. L. 
87-128, and is covered by this chapter.

              Abolition of Emergency Credit Revolving Fund

    The Emergency Credit Revolving Fund, referred to in this section and 
in section 1966 of this title, was abolished and its assets and 
liabilities transferred to the Agricultural Credit Insurance Fund by 
section 1929 of this title.
