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7 U.S.C. § 605 — Repealed. June 30, 1947, ch. 166, title II, § 206(d), 61 Stat. 208
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, acts May 12, 1933, ch. 25, title I, § 5, 48 Stat. 33; June 19, 1934, ch. 648, title II, § 1, 48 Stat. 1059, related to loans from Reconstruction Finance Corporation and warehouse receipts as collateral.
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Source file: Laws/federal/codes/united-states-code/title-7/section-605-repealed-june-30-1947-ch-166-title-ii-206-d-61-stat-208--8922487fda.md
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Source location: Title 7, Chapter 26, § 605; chapter-026-agricultural-adjustment.md
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### Statutory Notes
Section, acts May 12, 1933, ch. 25, title I, § 5, 48 Stat. 33; June 19, 1934, ch. 648, title II, § 1, 48 Stat. 1059, related to loans from Reconstruction Finance Corporation and warehouse receipts as collateral.
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Federal law — U.S. Code and appendices · legal_authorities
The provisions of this chapter shall apply to any indebtedness of farmers arising from loans or payments made or credit extended to them under any of the following Acts or programs: (a) July 1, 1918 (40 Stat. 635); March 3, 1921 (41 Stat. 1347); March 20, 1922 (42 Stat. 467); April 26, 1924 (43 Stat. 110); February 25, 1927 (44 Stat. 1245); February 28, 1927 (44 Stat., part II, 1251); February 25, 1929 (45 Stat. 1306), as amended May 17, 1929 (46 Stat. 3); March 3, 1930 (46 Stat. 78–79), as amended April 24, 1930 (46 Stat. 254); December 20, 1930 (46 Stat. 1032), as amended February 14, 1931 (46 Stat. 1160); February 23, 1931 (46 Stat. 1276); January 22, 1932 (47 Stat. 5); March 3, 1932 (47 Stat. 60); February 4, 1933 (47 Stat. 795); February 23, 1934 (48 Stat. 354); June 19, 1934 (48 Stat. 1056); February 20, 1935 (49 Stat. 28); March 21, 1935 (49 Stat. 50); April 8, 1935 (49 Stat. 115); (Executive Order Numbered 7305); January 29, 1937 (50 Stat. 5); and February 4, 1938 (52 Stat. 27); (b) Agricultural Adjustment Act (of 1933); Bankhead Cotton Act of April 21, 1934, on account of the several cotton tax-exemption certificate pools; Jones-Connally Cattle Act of April 7, 1934; Emergency Appropriation Act, fiscal year 1935, approved June 19, 1934; Kerr Tobacco Act of June 28, 1934, and Public Resolution Numbered 76, approved March 14, 1936; section 32 of the Act of August 24, 1935, and related legislation; Supplemental Appropriation Act, fiscal year 1936; sections 7 to 17 of the Soil Conservation and Domestic Allotment Act; Sugar Act of 1937; sections 303 and 381(a) of the Agricultural Adjustment Act of 1938 and related or subsequent legislation authorizing parity or price adjustment payments; title IV and title V of the Agricultural Adjustment Act of 1938 and related legi
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Federal law — U.S. Code and appendices · legal_authorities
Page 456
TITLE 7—AGRICULTURE
§ 605
or both of the methods provided in this section
for obtaining funds for the purposes hereinabove
enumerated.
(e) The Secretary of Agriculture is authorized
to use in his discretion any funds obtained by
him pursuant to the provisions of subsection (a)
or (b) of this section for making advances to any
agency which may have been or may be estab-
lished by the Secretary of Agriculture for the
handling, carrying, insuring, or marketing of
any cotton acquired by the Secretary of Agri-
culture, to enable any such agency to perform,
exercise, and discharge any of the duties, privi-
leges, and functions which such agency may be
authorized to perform, exercise, or discharge.
(f) The proceeds derived from the sale of cot-
ton shall be held for the Secretary of Agri-
culture by the Treasurer of the United States in
a special deposit account and shall be used by
the Secretary of Agriculture to discharge the
obligations incurred under authority of sections
603, 604, and 607 of this title. Whenever any cot-
ton shall be marketed the net proceeds (after
discharge of other obligations incurred with re-
spect thereto) derived from the sale thereof
shall be used, to the extent required, to reim-
burse the Treasury for such portion of the funds
hereby provided for as shall have been used,
which shall be covered into the Treasury as a
miscellaneous receipt. If when all of the cotton
acquired by the Secretary of Agriculture shall
have been marketed and all of the obligations
incurred with respect to such cotton shall have
been discharged, and the Treasury reimbursed
for any and all sums which may have been ad-
vanced pursuant to subsection (b), there shall
remain any balance in the hands of the Sec-
retary of Agriculture, such ba
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