Title 7 — AgricultureRelease 119-73not60
§1512 Corporation as Fiscal Agent of Government
Title 7 › Chapter 36— CROP INSURANCE › Subchapter I— FEDERAL CROP INSURANCE › § 1512
Summary
When named by the Treasury Secretary, it must hold public money (not customs receipts) under the Secretary's rules and may act as the government's financial agent, performing reasonable duties.
Full Legal Text
Title 7, §1512
Agriculture — Source: USLM XML via OLRC
When designated for that purpose by the Secretary of the Treasury, the Corporation shall be a depository of public money, except receipts from customs, under such regulations as may be prescribed by said Secretary; and it may also be employed as a financial agent of the Government; and it shall perform all such reasonable duties, as a depository of public money and financial agent of the Government, as may be required of it.
Legislative History
Notes & Related Subsidiaries
Executive Documents
Transfer of Functions
Administration of program of Federal Crop Insurance Corporation transferred to Secretary of Agriculture by 1946 Reorg. Plan No. 3, § 501, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1100. See note set out under section 1503 of this title. Wartime consolidation of Federal Crop Insurance Corporation into Agricultural Conservation and Adjustment Administration, see note set out under section 1503 of this title.
Reference
Citations & Metadata
Citation
7 U.S.C. § 1512
Title 7 — Agriculture
Last Updated
Apr 3, 2026
Release point: 119-73not60