Title 12, Banks and BankingRelease 119-102
§1150b Authorization of Appropriations
Title 12 › CHAPTER 8 — ADJUSTMENT AND CANCELLATION OF FARM LOANS › § 1150b
Summary
The Secretary can use money from the Treasury as needed to carry out this chapter, and money already provided or later appropriated for related programs may also pay its 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
Aug 21, 2026
Release point: 119-102