Title 15, Commerce and TradeRelease 119-73not60
§713a–11 Annual Appropriations to Reimburse Commodity Credit Corporation for Net Realized Loss
Title 15 › Chapter 15— ECONOMIC RECOVERY › Subchapter I— GENERALLY › § 713a–11
Summary
Each fiscal year, the Treasury can set aside whatever money is needed to pay back the Commodity Credit Corporation for its net realized loss shown in the corporation’s year‑end accounts and financial report. The payment must come from those appropriated funds and not by canceling any notes.
Full Legal Text
Title 15, §713a–11
Commerce and Trade, Source: USLM XML via OLRC
There is authorized to be appropriated annually for each fiscal year by means of a current, indefinite appropriation, out of any money in the Treasury not otherwise appropriated, an amount sufficient to reimburse Commodity Credit Corporation for its net realized loss incurred during such fiscal year, as reflected in its accounts and shown in its report of its financial condition as of the close of such fiscal year. Reimbursement of net realized loss shall be with appropriated funds, as provided herein, rather than through the cancellation of notes.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1987—Pub. L. 100–203 substituted “by means of a current, indefinite appropriation” for “, commencing with the fiscal year ending June 30, 1961”.
Statutory Notes and Related Subsidiaries
Effective Date
of 1987 Amendment Pub. L. 100–203, title I, § 1506(c), Dec. 22, 1987, 101 Stat. 1330–29, provided that: “This section and the amendment made by this section [amending this section and enacting provisions set out as a note below] shall apply beginning with fiscal year 1988.” Operating Expenses Pub. L. 100–203, title I, § 1506(b), Dec. 22, 1987, 101 Stat. 1330–29, provided that: “No funds may be appropriated for operating expenses of the Commodity Credit Corporation except as authorized under section 2 of Public Law 87–155 [15 U.S.C. 713a–11] to reimburse the Corporation for net realized losses.”
Reference
Citations & Metadata
Citation
15 U.S.C. § 713a–11
Title 15, Commerce and Trade
Last Updated
Apr 3, 2026
Release point: 119-73not60