15 U.S.C. § 712a | Limitation of obligations for administrative expenses of certain agencies; limitation on life of certain agencies

(a)

June 30, 1937Provided Notwithstanding any other provision of law, none of the establishments or agencies named in subsection (b) of this section shall, after , incur any obligations for administrative expenses, except pursuant to an annual appropriation specifically therefor, nor shall any such establishment or agency continue to function after said date unless established by or pursuant to law: , That nothing contained in this section shall be construed to extend the period during which any such establishment or agency heretofore has been authorized by law to function.

(b)

[1., 2. Repealed] 3. Federal Housing Administration; 4. Federal Surplus Commodities Corporation; 5. Export-Import Bank of the United States; 6. Second Export-Import Bank of Washington, District of Columbia; 7. Reconstruction Finance Corporation; 8. Electric Home and Farm Authority; 9. Commodity Credit Corporation; 10. Federal Emergency Administration of Public Works; [11. Repealed] 12. Reconstruction Finance Mortgage Company.

June 22, 1936, ch. 689, § 7 49 Stat. 1647 Pub. L. 87–353, § 3lOct. 4, 196175 Stat. 774 Pub. L. 90–267, § 1(a)Mar. 13, 196882 Stat. 47 Pub. L. 101–73, title VII, § 741Aug. 9, 1989103 Stat. 436 (, ; (), , ; , , ; , , .)

Editorial Notes

Amendments

Pub. L. 101–731989—Subsec. (b). struck out “1. Federal Home Loan Bank Board; 2. Home Owners’ Loan Corporation;” and “11. Federal Savings and Loan Insurance Corporation;”.

Pub. L. 87–3531961—Subsec. (b). struck out item 4. Federal Farm Mortgage Corporation and redesignated former items 5 to 13 as 4 to 12, respectively.

Statutory Notes and Related Subsidiaries

Applicability to National Housing Agency; Transfer of Funds; Report to Congress

Act May 3, 1945, ch. 106, title I, § 101 59 Stat. 122

act May 3, 1945, ch. 106, title I, § 101 59 Stat. 106 Provided furtherProvided further“Section 7 of the First Deficiency Appropriation Act, 1936 [this section], shall continue to apply to administrative expenses of and for the constituent units of the National Housing Agency mentioned in said section 7 [this section] and shall also apply to such expenses of said National Housing Agency in connection with the functions and purposes of said constituent units, and none of the funds made available by this Act [, ] for such administrative expenses shall be obligated or expended unless and until an appropriate appropriation account shall have been established therefor pursuant to an appropriation warrant or a covering warrant, and all such expenditures shall be accounted for and audited in accordance with the Budget and Accounting Act, as amended [see chapters 11 and 35 of Title 31, Money and Finance]: , That the Administrator may, with the approval of the President of the United States, transfer to this authorization or to an authorization of a constituent unit from funds available for administrative expenses of the constituent units or the Office of the Administrator such additional sums as represent a consolidation in the Office of the Administrator or in a constituent unit of any of the administrative functions of the National Housing Agency; but no such transfer of funds shall be made unless the consolidation will result in a reduction in manpower and a savings in administrative expenses, which savings shall not be used for administrative expenses but instead shall be returned to or remain in the funds from which administrative expenses are drawn under this authorization: , That a report of such transfers and the savings effected thereby shall be submitted to Congress in the annual budget.”

, , provided in part:

June 26, 1943, ch. 145 57 Stat. 184 June 27, 1944, ch. 286 58 Stat. 375 Similar provisions were contained in acts , title I, § 101, ; , title I, § 101, .

Executive Documents

Transfers of Functions and Changes in Names

Feb. 24, 1942July 27, 194761 Stat. 954 section 3534(a) of Title 42Federal Housing Administration consolidated into National Housing Agency during World War II by Ex. Ord. No. 9070, . Federal Housing Administration subsequently consolidated into Housing and Home Finance Agency by Reorg. Plan No. 3 of 1947, eff. , 12 F.R. 4981, . Functions, powers, and duties of the Federal Housing Administration thereafter transferred to Secretary of Housing and Urban Development. See , The Public Health and Welfare.

June 30, 194054 Stat. 1232 Feb. 23, 1942Dec. 5, 1942Mar. 26, 1943Apr. 19, 1943June 29, 1945July 16, 194660 Stat. 1097 Federal Surplus Commodities Corporation, which was included in Surplus Marketing Administration by Reorg. Plan No. III of 1940, § 5, eff. , 5 F.R. 2108, , consolidated into Agricultural Marketing Administration by Ex. Ord. No. 9069, . Agricultural Marketing Administration consolidated into Food Distribution Administration of Department of Agriculture by Ex. Ord. No. 9280, . Food Distribution Administration consolidated into War Food Administration in Department of Agriculture by Ex. Ord. No. 9322, , 8 F.R. 3807, as amended by Ex. Ord. No. 9334, , 8 F.R. 5423. War Food Administration terminated and functions transferred to Secretary of Agriculture by Ex. Ord. No. 9577, , 10 F.R. 8087. Functions of Surplus Marketing Administration transferred to Secretary of Agriculture by Reorg. Plan No. 3 of 1946, § 501, eff. , 11 F.R. 7875, .

July 1, 193953 Stat. 1429 act July 31, 1945, ch. 341, § 10 59 Stat. 529 July 31, 1945section 1(a) of Pub. L. 90–267Mar. 13, 196882 Stat. 47 Export-Import Bank of Washington was set out as one of several agencies for which Federal Loan Administrator should supervise administration and be responsible for coordination of functions and activities by Reorg. Plan No. I of 1939, § 402, eff. , 4 F.R. 2730, , set out in the Appendix to Title 5, Government Organization and Employees. Bank terminated by , , and a new Export-Import Bank of Washington was created by such act, which is set out as chapter 6A (§ 635 et seq.) of Title 12, Banks and Banking. “Export-Import Bank of Washington” changed to “Export-Import Bank of the United States” to conform to such change in name in Act , provided for in , , .

Mar. 9, 1934May 7, 1936Second Export-Import Bank of Washington, D.C. was established under Ex. Ord. No. 6638, . Its commitments were transferred to Export-Import Bank of Washington (see above) and it was abolished by Ex. Ord. No. 7365, , 1 F.R. 372.

Feb. 24, 1942act Feb. 24, 1945, ch. 4 59 Stat. 5 act June 30, 1947, ch. 166, title II, § 204 61 Stat. 208 June 30, 195771 Stat. 647 section 601 of this titleFederal Loan Agency’s and Federal Loan Administrator’s functions and duties relating to Reconstruction Finance Corporation, Reconstruction Finance Mortgage Company, Electric Home and Farm Authority and Export-Import Bank of Washington, and other agencies, transferred to Department of Commerce, during World War II, see Ex. Ord. No. 9071, , 7 F.R. 1531. By , , former sections 1801 to 1805 of Title 12, Federal Loan Agency was reconstituted an independent establishment of Federal Government, and was abolished and its property and functions transferred to Reconstruction Finance Corporation by , . Section 6(a) of 1957 Reorg. Plan No. 1, eff. , 22 F.R. 4633, , set out as a note under , abolished Reconstruction Finance Corporation.

July 1, 193953 Stat. 1429 Electric Home and Farm Authority was set out as one of several agencies for which Federal Loan Administrator should supervise administration and be responsible for coordination of functions and activities, by Reorg. Plan No. I of 1939, § 402, eff. , 4 F.R. 2730, , set out in the Appendix to Title 5, Government Organization and Employees.

Dec. 19, 1933February 1, 1937act Mar. 31, 1936, ch. 163, § 1 49 Stat. 1186 June 30, 1939act Jan. 26, 1937, ch. 6, § 2 50 Stat. 5 June 30, 1941act Mar. 4, 1939, ch. 4 53 Stat. 510 Jan. 22, 1947act June 10, 1941, ch. 190, § 2 55 Stat. 248 Oct. 13, 1942Oct. 13, 1942Electric Home and Farm Authority, Inc., was authorized by Ex. Ord. No. 6514, . Existence continued until , by , ; extended to “close of business on ” by , ; to “” by , and to , by , . Said Authority dissolved on , by Ex. Ord. No. 9256, , 7 F.R. 8334, and for purposes of liquidation and payment of liabilities all assets, funds, records, contracts, personnel, and property were transferred to former Reconstruction Finance Corporation.

July 1, 193953 Stat. 1429 July 16, 194660 Stat. 1100 section 713 of this titleCommodity Credit Corporation, Federal Farm Mortgage Corporation, and Farm Credit Administration, and their functions and activities, together with their respective personnel, records, and property transferred to Department of Agriculture by Reorg. Plan No. I of 1939, § 401, eff. , 4 F.R. 2730, , set out in the Appendix to Title 5, Government Organization and Employees. Administration of program of Commodity Credit Corporation and functions of Federal Surplus Commodities Corporation transferred to Secretary of Agriculture by Reorg. Plan No. 3 of 1946, § 501, eff. , 11 F.R. 7877, . See also notes under .

act June 16, 1933, ch. 90, title II, § 201 48 Stat. 200 July 1, 193953 Stat. 1426 June 30, 1940June 21, 1938, ch. 554 52 Stat. 817 act of June 16, 1933, ch. 90, title II June 30, 1943act June 27, 1942, ch. 450, § 1 56 Stat. 410 June 30, 1943Federal Emergency Administration of Public Works, created by , , transferred to Federal Works Agency to be administered as Public Works Administration by Reorg. Plan No. I of 1939, §§ 301 and 305, eff. , 4 F.R. 2729, 2730, , 1428. Federal Emergency Administration of Public Works further continued to , by Res. of , title II, § 202, . The , terminated , by provisions of , . Ex. Ord. No. 9357, , 8 F.R. 9041, transferred functions of Public Works Administration to office of Federal Works Administrator.

July 1, 193953 Stat. 1426 June 30, 194054 Stat. 1232 For changes affecting other agencies enumerated in subsection (b) of this section, see Reorg. Plan No. I of 1939, §§ 301, 305, 401, 402, eff. , 4 F.R. 2729, 2730, , 1428, 1429, and Reorg. Plan No. III of 1940, § 5, eff. , 5 F.R. 2108, . Reorganization Plans I and III are set out in the Appendix to Title 5, Government Organization and Employees.

Exceptions From Transfer of Functions

June 4, 195367 Stat. 633 Functions of corporations of Department of Agriculture, boards of directors and officers of such corporations; Advisory Board of Commodity Credit Corporation; and Farm Credit Administration or any agency, officer or entity of, under, or subject to the supervision of the Administration excepted from functions of officers, agencies and employees transferred to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, § 1, eff. , 18 F.R. 3219, , set out in the Appendix to Title 5, Government Organization and Employees.