Title 7 — Agriculture
Chapter 36 — Crop Insurance
§ 1510. Deposit and investment of funds; Federal Reserve banks as fiscal agents
Statutory text
All money of the Corporation not otherwise employed may be deposited with the Treasurer of the United States or in any bank approved by the Secretary of the Treasury, subject to withdrawal by the Corporation at any time, or with the approval of the Secretary of the Treasury may be invested in obligations of the United States or in obligations guaranteed as to principal and interest by the United States. Subject to the approval of the Secretary of the Treasury, the Federal Reserve banks are hereby authorized and directed to act as depositories, custodians, and fiscal agents for the Corporation in the performance of its powers conferred by this subchapter.
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.
Agricultural Adjustment Act of 1938
Pub. L. 75–30 · 52 Stat. 31
Enacted · 7 U.S.C. § 1510
Feb. 16, 1938, ch. 30, title V, § 510, 52 Stat. 75
Source evidence
Code source credit
Feb. 16, 1938, ch. 30, title V, § 510, 52 Stat. 75Food, Conservation, and Energy Act of 2008
Pub. L. 110–246 § 12033(c)(2)(B) · 122 Stat. 1651
Substituted · 7 U.S.C. § 1510
Pub. L. 110–246, § 12033(c)(2)(B), substituted “this subchapter” for “this chapter”
Source evidence
Code amendment note
Pub. L. 110–246, § 12033(c)(2)(B), substituted “this subchapter” for “this chapter”.Enacted provision · exact public law section
(B) by striking “this title” each place it appears and inserting “this subtitle”.Effective date note
Amendment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an Effective Date note under section 8701 of this title.
1 of 2 references resolved to an enrolled provision · 1 partial
Editorial Notes
Codification
Pub. L. 110–234 and Pub. L. 110–246 made identical amendments to this section. The amendments by Pub. L. 110–234 were repealed by section 4(a) of Pub. L. 110–246.
Amendments
2008—Pub. L. 110–246, § 12033(c)(2)(B), substituted “this subchapter” for “this chapter”.
Statutory Notes and Related Subsidiaries
Effective Date of 2008 Amendment
Amendment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective , the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an Effective Date note under section 8701 of this title.
Executive Documents
Transfer of Functions
Administration of program of Federal Crop Insurance Corporation transferred to Secretary of Agriculture by 1946 Reorg. Plan No. 3, § 501, eff. , 11 F.R. 7877, 60 Stat. 1100. See note set out under section 1503 of this title.
Wartime consolidation of Federal Crop Insurance Corporation into Agricultural Conservation and Adjustment Administration, see note set out under section 1503 of this title.
Credits
1938–2008 · 3 acts
- 1938Feb. 16, 1938, ch. 30, title V, § 510, 52 Stat. 75
- 2008Pub. L. 110–234, title XII, § 12033(c)(2)(B), , 122 Stat. 1405
- 2008Pub. L. 110–246, § 4(a), title XII, § 12033(c)(2)(B), , 122 Stat. 1664, 2167.
Show as published
(Feb. 16, 1938, ch. 30, title V, § 510, 52 Stat. 75; Pub. L. 110–234, title XII, § 12033(c)(2)(B), , 122 Stat. 1405; Pub. L. 110–246, § 4(a), title XII, § 12033(c)(2)(B), , 122 Stat. 1664, 2167.)