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7 U.S.C. § 1504a — Capitalization of Corporation

Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1504a — Capitalization of Corporation

The payment for capital stock in the Federal Crop Insurance Corporation shall be effected by transfer of funds on the books of the Treasury Department to the credit of the Corporation.

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Stable record: federal_law:legal_authorities:record_usc_69b09e35b0768ce0923870fa
Source file: Laws/federal/codes/united-states-code/title-7/section-1504a-capitalization-of-corporation--caec312676.md
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Source location: Title 7, Chapter 36, § 1504a; chapter-036-crop-insurance.md

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The payment for capital stock in the Federal Crop Insurance Corporation shall be effected by transfer of funds on the books of the Treasury Department to the credit of the Corporation.

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1503 — Federal Crop Insurance Corporation; creation; offices

To carry out the purposes of this subchapter, there is hereby created as an agency of and within the Department a body corporate with the name “Federal Crop Insurance Corporation”. The principal office of the Corporation shall be located in the District of Columbia, but there may be established agencies or branch offices elsewhere in the United States under rules and regulations prescribed by the Board.

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Federal law — U.S. Code and appendices · legal_authorities

7 U.S.C. § 1504a — Capitalization of Corporation

Page 800 TITLE 7—AGRICULTURE § 1504a Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1994 AMENDMENT Amendment by Pub. L. 103–354 effective Oct. 13, 1994, and applicable to provision of crop insurance under Federal Crop Insurance Act (7 U.S.C. 1501 et seq.) begin- ning with 1995 crop year, with such Act, as in effect on the day before Oct. 13, 1994, to continue to apply with respect to 1994 crop year, see section 120 of Pub. L. 103–354, set out as a note under section 1502 of this title. EFFECTIVE DATE OF 1980 AMENDMENT Pub. L. 96–365, title I, § 112, Sept. 26, 1980, 94 Stat. 1319, provided that: ‘‘Except as otherwise provided in this Act, the provisions of this Act amending the Federal Crop Insurance Act [amending sections 1504, 1505 to 1507, 1508, and 1518 of this title and repealing section 1515 of this title] shall become effective on the date of enactment of this Act [Sept. 26, 1980].’’ Pub. L. 96–365, title I, § 101(a), Sept. 26, 1980, 94 Stat. 1312, provided that the amendment made by section 101(a) is effective Oct. 1, 1980. CANCELLATION OF OUTSTANDING RECEIPTS FOR STOCK IN EXCESS OF $27,000,000 Act Aug. 25, 1949, ch. 512, § 5, 63 Stat. 665, provided that: ‘‘The Secretary of the Treasury is authorized and directed to cancel, without consideration, outstanding receipts for payments for or on account of the stock of the Corporation in excess of $27,000,000.’’ INSTITUTION OF EXPANDED PROGRAM; PAYMENT OF COST FOR FISCAL YEAR 1950 Act Aug. 25, 1949, ch. 512, § 11, 63 Stat. 666, provided that: ‘‘The expanded program authorized herein [sec- tions 1504, 1505, 1506, 1507, and 1508 of this title] shall be instituted beginning with the 1950 crop year, the addi- tional cost for fiscal year 1950 to be financed, pending the appropriation

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