Title 15 — Commerce and TradeRelease 119-73not60

§714e Capital Stock; Amount; Interest

Title 15 › Chapter 15— ECONOMIC RECOVERY › Subchapter II— COMMODITY CREDIT CORPORATION › § 714e

Last updated Apr 3, 2026|Official source

Summary

The U.S. provides $100,000,000 as the Corporation’s capital, treated as paid when assets transfer under section 714n. The Corporation pays interest to the Treasury on that capital and on obligations bought under the March 8, 1938 Act; the Secretary sets the rates.

Full Legal Text

Title 15, §714e

Commerce and Trade — Source: USLM XML via OLRC

The Corporation shall have a capital stock of $100,000,000 which shall be subscribed by the United States. Such subscription shall be deemed to be fully paid by the transfer of assets to the Corporation pursuant to section 714n of this title. The Corporation shall pay interest to the United States Treasury on the amount of its capital stock, and on the amount of the obligations of the Corporation purchased by the Secretary of the Treasury pursuant to the Act of March 8, 1938 (U.S.C., title 15, sec. 713a–4), as amended, at such rates as may be determined by the Secretary of the Treasury to be appropriate in view of the terms for which such amounts are made available to the Corporation.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

Act of March 8, 1938, referred to in text, is act Mar. 8, 1938, ch. 44, §§ 1–5, 52 Stat. 107, which was classified to sections 713a–1 to 713a–5 of this title. section 713a–1 and 713a–2 were repealed by Pub. L. 87–155, § 1, Aug. 17, 1961, 75 Stat. 391, and section 713a–3 was omitted from the Code.

Executive Documents

Exceptions From

Transfer of Functions

For exception of functions of corporations of Department of Agriculture from

Transfer of Functions

to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From

Transfer of Functions

note set out under section 712a of this title.

Reference

Citations & Metadata

Citation

15 U.S.C. § 714e

Title 15 — Commerce and Trade

Last Updated

Apr 3, 2026

Release point: 119-73not60