Volume 75 · 64
Public Law 87–28
To amend title I of the Agricultural Trade Development and Assistance Act of 1954.
Approved May 4, 1961
Statutory text
AN ACT
To amend title I of the Agricultural Trade Development and Assistance Act of 1954.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section 103(b) of the Agricultural Trade Development and Assistance Act of 1954, as amended, is amended by deleting “any calendar year during the period beginning January 1, 1960, and ending December 31, 1961,” and substituting “the calendar year 1960,” and by adding at the end thereof the following: “Agreements shall not be entered into under this title in the calendar year 1961 which will call for appropriations to reimburse the Commodity Credit Corporation, pursuant to subsection
(a) of this section, in amounts in excess of $3,500,000,000, plus any amount by which agreements entered into in the preceding calendar year have called or will call for appropriations to reimburse the Commodity Credit Corporation in amounts less than authorized for such preceding year by this Act as in effect during such preceding years.”
Approved May 4, 1961.