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.
1987—Pub. L. 100–203substituted “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) ofPub. L. 100–203provided 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.”
Section 1506(b) ofPub. L. 100–203provided that: “No funds may be appropriated for operating expenses of the Commodity Credit Corporation except as authorized under section 2 ofPublic Law 87–155 [15 U.S.C. 713a–11] to reimburse the Corporation for net realized losses.”
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
LII has no control over and does not endorse any external Internet site that contains links to or references LII.