Title 12 — Banks and BankingRelease 119-73not60

§1150b Authorization of Appropriations

Title 12 › Chapter 8— ADJUSTMENT AND CANCELLATION OF FARM LOANS › § 1150b

Last updated Apr 3, 2026|Official source

Summary

The Treasury may provide whatever funds are needed for the Secretary to carry out this chapter, and current or future funds for related Acts or programs may also pay the chapter’s administrative costs.

Full Legal Text

Title 12, §1150b

Banks and Banking — Source: USLM XML via OLRC

There is authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, such amount as may be necessary to enable the Secretary to carry out the provisions of this chapter, and the current and subsequent appropriations to enable the Secretary to administer the respective Acts of Congress or programs to which the aforesaid payments or loans or extensions of credit relate shall also be available for the administrative expenses of carrying out this chapter.

Legislative History

Notes & Related Subsidiaries

Executive Documents

Transfer of Functions

Functions of all officers, agencies, and employees of Department of Agriculture transferred, with certain exceptions, to Secretary of Agriculture by Reorg. Plan. No. 2 of 1953, § 1, eff. June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set out in the Appendix to Title 5, Government Organization and Employees. Exceptions From

Transfer of Functions

Functions of Corporations of Department of Agriculture, boards of directors and officers of such corporations, Advisory Board of Commodity Credit Corporation, and Farm Credit Administration or any agency, officer, or entity of, under, or subject to supervision of said Administration excepted from functions of officers, agencies, and employees transferred to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, § 1, effective June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set out in the Appendix to Title 5, Government Organization and Employees.

Reference

Citations & Metadata

Citation

12 U.S.C. § 1150b

Title 12 — Banks and Banking

Last Updated

Apr 3, 2026

Release point: 119-73not60