7 U.S. Code § 604 - Borrowing money; expenditures; authority of Secretary
The word “obligation” when used in this section shall include (without being limited to) administrative expenses, warehouse charges, insurance, salaries, interest, costs, commissions, and other expenses incident to handling, carrying, insuring, and marketing of said cotton.sections 603, 604, and 607 of this title. Whenever any cotton shall be marketed the net proceeds (after discharge of other obligations incurred with respect thereto) derived from the sale thereof shall be used, to the extent required, to reimburse the Treasury for such portion of the funds hereby provided for as shall have been used, which shall be covered into the Treasury as a miscellaneous receipt. If when all of the cotton acquired by the Secretary of Agriculture shall have been marketed and all of the obligations incurred with respect to such cotton shall have been discharged, and the Treasury reimbursed for any and all sums which may have been advanced pursuant to subsection (b), there shall remain any balance in the hands of the Secretary of Agriculture, such balance shall be covered into the Treasury as miscellaneous receipts.
1935—Subsec. (b). Act Aug. 24, 1935, § 35, struck out “to be available until March 1, 1936” after “$100,000,000” and inserted last sentence relating to availability of the sum of $100,000,000.
Subsec. (f). Act Aug. 24, 1935, § 36, inserted last par. defining “obligation”.
1934—Subsec. (a). Act June 19, 1934, inserted “may in his discretion” after “or control and”.
Subsecs. (b) to (f). Act June 19, 1934, added subsecs. (b) to (f).