§1391 Authorization of appropriations; loans from Commodity Credit Corporation

Summary

Congress may each year set aside whatever money it decides, starting with the fiscal year ending June 30, 1938, to run the programs in this chapter and to make soil conservation and other payments, in addition to money available under section 590o of title 16. For the fiscal year that ended June 30, 1938, up to $5,000,000 may be made available from funds already set aside for certain Title 16 programs to help run these chapters. Starting with the fiscal year ending June 30, 1941, the Commodity Credit Corporation must lend the Secretary up to $50,000,000 each year, as needed, to make crop insurance premium advances and certain other advances for crops harvested in the same calendar year and to pay county conservation association costs for that calendar year. Those loans will be moved into the current appropriation for the related Title 16 programs and must be paid back, with interest set by the Secretary but not less than the Corporation’s cost of money, during the next fiscal year from that year’s appropriation or from any unused funds from another year.