§713a–11a Interest Prohibited When Reimbursing Corporation for Net Realized Losses

Summary

After September 30, 1964, when the Commodity Credit Corporation borrows money from the U.S. Treasury, any part of that borrowing that equals its recorded losses that have not been repaid will not earn interest. Those losses must be recorded after September 30 of the fiscal year in which they happened, and no interest will be charged or paid on that matching borrowing amount.