Title 7 — Agriculture
Chapter 33 — Farm Tenancy
§ 1037. Sale of reserved mineral interests; disposition of proceeds
Statutory text
All proceeds from sales made under sections 1033 to 1039 of this title of mineral interests described in section 1033 of this title shall be covered into the Treasury of the United States as miscellaneous receipts, except that the proceeds from sales of mineral interests which were a part of or derived from the assets transferred pursuant to the transfer agreements with State rural rehabilitation corporations shall be credited to the appropriate corporation account.
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. 81–897 § 5 · 64 Stat. 769
Enacted · 7 U.S.C. § 1037
(Sept. 6, 1950, ch. 897, § 5, 64 Stat. 770.)
Source evidence
Code source credit
(Sept. 6, 1950, ch. 897, § 5, 64 Stat. 770.)Enacted provision · exact public law section
Sec. 5. All proceeds from sales made under this Act of mineral Proceeds from sales. interests described in section 1 hereof shall be covered into the Treasury of the United States as miscellaneous receipts, except that the proceeds from sales of mineral interests which were a part of or derived from the assets transferred pursuant to the transfer agreements with State rural rehabilitation corporations shall be credited to the appropriate corporation account.
1 of 1 references resolved to an enrolled provision
Editorial Notes
Codification
Section was not enacted as part of the Bankhead-Jones Farm Tenant Act which constitutes a major part of this chapter.
Credits
(Sept. 6, 1950, ch. 897, § 5, 64 Stat. 770.)