Title 15 — Commerce and Trade
Chapter 15 — Economic Recovery
§ 714f. Use of funds
Statutory text
The Corporation is authorized to use in the conduct of its business all its funds and other assets, including capital and net earnings therefrom, and all funds and other assets which have been or may hereafter be transferred or allocated to, borrowed by, or otherwise acquired by it.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 80–704 § 8 · 62 Stat. 1070
Enacted · 15 U.S.C. § 714f
(June 29, 1948, ch. 704, § 8, 62 Stat. 1072.)
Source evidence
Code source credit
(June 29, 1948, ch. 704, § 8, 62 Stat. 1072.)Enacted provision · exact public law section
Sec. 8. Funds.— The Corporation is authorized to use in the conduct of its business all its funds and other assets, including capital and net earnings therefrom, and all funds and other assets which have been or may hereafter be transferred or allocated to, borrowed by, or otherwise acquired by it.
1 of 1 references resolved to an enrolled provision
Executive Documents
Exceptions From Transfer of Functions
For exception of functions of corporations of Department of Agriculture from transfer of functions to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions note set out under section 712a of this title.
Credits
(June 29, 1948, ch. 704, § 8, 62 Stat. 1072.)