Interest prohibited when reimbursing Corporation for net realized losses
About This Law
/us/usc/t15/s713a–11a
Title
15 — Commerce and Trade
Chapter
CH15
Release
119-84
Release Date
2026-04-17
Section Text
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After September 30, 1964, the portion of borrowings from Treasury equal to the unreimbursed realized losses recorded on the books of the Commodity Credit Corporation after September 30 of the fiscal year in which such losses are realized, shall not bear interest and interest shall not be accrued or paid thereon.
(Pub. L. 89–316, title III, § 301, Nov. 2, 1965, 79 Stat. 1178; Pub. L. 94–273, § 2(6), Apr. 21, 1976, 90 Stat. 375.)
Editorial Notes
Amendments1976—Pub. L. 94–273 substituted “September” for “June”.
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