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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 1967 Addition to Emergency Credit Revolving Fund of sums from liquidation of loans; authorization of appropriations us united_states_code code_section 7 AGRICULTURE 50 AGRICULTURAL CREDIT 1967 7 U.S.C. § 1967 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s1967 data/legal/raw/us/code/title-07/usc07.xml a482220f359a2c9ed93230c0e9d83efec9e8096973199d6410612aa482284ff2 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 fb8542f48282bd95b0294f3b759525c4542f61de4cb3d4f2300efefcf8633aa6 2026-07-04 official
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7 U.S.C. § 1967 - Addition to Emergency Credit Revolving Fund of sums from liquidation of loans; authorization of appropriations

Text

(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. 87128, title III, § 327, Aug. 8, 1961, 75 Stat. 312.)

Notes

Editorial Notes

References in TextAct of April 6, 1949, as amended, referred to in subsec. (a), is act Apr. 6, 1949, ch. 49, 63 Stat. 43, which was classified to sections 1148a1 to 1148a3 of Title 12, Banks and Banking, was repealed by section 341(a) of Pub. L. 87128, 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(a), is act Aug. 31, 1954, ch. 1145, 68 Stat. 999, which was classified as a note under section 1148a1 of Title 12, was repealed by section 341(a) of Pub. L. 87128, 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.