Title 7 — AgricultureRelease 119-73
§1967 Addition to Emergency Credit Revolving Fund of sums from liquidation of loans; authorization of appropriations
Title 7 › Chapter CHAPTER 50— - AGRICULTURAL CREDIT › Subchapter SUBCHAPTER III— - EMERGENCY LOANS › § 1967
Summary
All money the Secretary gets from collecting or selling loans made under this subchapter or under the Acts of April 6, 1949 (as amended) or August 31, 1954, and from selling any other property bought with Emergency Credit Revolving Fund money must be added back into the Emergency Credit Revolving Fund. Congress can also approve extra money for the Emergency Credit Revolving Fund whenever it decides more funds are needed.
Full Legal Text
Title 7, §1967
Agriculture — Source: USLM XML via OLRC
(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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
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6, 1949, ch. 49, 63 Stat. 43, which was classified to sections 1148a–1 to 1148a–3 of Title 12, Banks and Banking, was repealed by section 341(a) of Pub.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is act Aug. 31, 1954, ch. 1145, 68 Stat. 999, which was classified as a note under section 1148a–1 of Title 12, was repealed by section 341(a) of Pub.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.
Reference
Citations & Metadata
Citation
7 U.S.C. § 1967
Title 7 — Agriculture
Last Updated
Apr 6, 2026
Release point: 119-73