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15 U.S.C. § 714e — Capital stock; amount; interest
Federal law — U.S. Code and appendices · legal_authorities
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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section714n&num=0&edition=prelim). 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.
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Source location: Title 15, Chapter 15, § 714e; chapter-015-economic-recovery.md
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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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section714n&num=0&edition=prelim). 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.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Notwithstanding any other provision of law, none of the establishments or agencies named in subsection (b) of this section shall, after June 30, 1937, incur any obligations for administrative expenses, except pursuant to an annual appropriation specifically therefor, nor shall any such establishment or agency continue to function after said date unless established by or pursuant to law: Provided, That nothing contained in this section shall be construed to extend the period during which any such establishment or agency heretofore has been authorized by law to function.
**(b)** [1., 2. Repealed] 3. Federal Housing Administration; 4. Federal Surplus Commodities Corporation; 5. Export-Import Bank of the United States; 6. Second Export-Import Bank of Washington, District of Columbia; 7. Reconstruction Finance Corporation; 8. Electric Home and Farm Authority; 9. Commodity Credit Corporation; 10. Federal Emergency Administration of Public Works; [11. Repealed] 12. Reconstruction Finance Mortgage Company.
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Federal law — U.S. Code and appendices · legal_authorities
The assets, funds, property, and records of Commodity Credit Corporation, a Delaware corporation, are transferred to the Corporation. The rights, privileges, and powers, and the duties and liabilities of Commodity Credit Corporation, a Delaware corporation, in respect to any contract, agreement, loan, account, or other obligation shall become the rights, privileges, and powers, and the duties and liabilities, respectively, of the Corporation. The enforceable claims of or against Commodity Credit Corporation, a Delaware corporation, shall become the claims of or against, and may be enforced by or against, the Corporation: Provided, That nothing in this subchapter shall limit or extend any period of limitation otherwise applicable to such claims against the Corporation.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 714n
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Federal law — U.S. Code and appendices · legal_authorities
Page 1177
TITLE 15—COMMERCE AND TRADE
§ 714e
(June 29, 1948, ch. 704, § 5, 62 Stat. 1072; Pub. L.
98–623, title IV, § 405(a), Nov. 8, 1984, 98 Stat. 3409;
Pub. L. 104–127, title III, § 381(a), Apr. 4, 1996, 110
Stat. 1016; Pub. L. 107–171, title I, § 1609, May 13,
2002, 116 Stat. 218; Pub. L. 108–357, title VI,
§ 612(d), Oct. 22, 2004, 118 Stat. 1524.)
Editorial Notes
CODIFICATION
‘‘Chapter 91 of title 31’’ substituted in provision pre-
ceding subsec. (a) for ‘‘the Government Corporation
Control Act (31 U.S.C., 1940 edition, Supp. V, 841)’’ on
authority of Pub. L. 97–258, § 4(b), Sept. 13, 1982, 96 Stat.
1067, the first section of which enacted Title 31, Money
and Finance.
AMENDMENTS
2004—Pub. L. 108–357 inserted ‘‘(other than tobacco)’’
after ‘‘agricultural commodities’’ wherever appearing.
2002—Pub. L. 107–171 inserted ‘‘(including, at the op-
tion of the Corporation, the use of private sector enti-
ties)’’ before period at end of last sentence.
1996—Subsecs. (g), (h). Pub. L. 104–127 added subsec.
(g) and redesignated former subsec. (g) as (h).
1984—Subsec. (f). Pub. L. 98–623 inserted ‘‘(including
fish and fish products, without regard to whether such
fish are harvested in aquacultural operations)’’.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2004 AMENDMENT
Amendment by Pub. L. 108–357 applicable to the 2005
and subsequent crops of tobacco, see section 643 of Pub.
L. 108–357, set out as an Effective Date note under sec-
tion 518 of Title 7, Agriculture.
EFFECTIVE DATE OF 1996 AMENDMENT
Pub. L. 104–127, title III, § 381(b), Apr. 4, 1996, 110 Stat.
1016, provided that: ‘‘The amendments made by sub-
section (a) [amending this section] shall become effec-
tive on January 1, 1997.’’
EFFECTIVE DATE OF 1984 AMENDMENT
Pub. L. 98–
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