Section text and notes
Editorial Notes
Codification
act Feb. 16, 1938, ch. 30, title IV, § 401 52 Stat. 70 Section 1401, , , authorized an appropriation of $1,800,000 to accomplish the purposes declared in former provisions of this subchapter and provided for payments by Secretary of Treasury upon order of Secretary of Agriculture.
act Feb. 16, 1938, ch. 30, title IV, § 402 52 Stat. 70 Section 1402, , , provided for deposit of appropriation to credit of the Secretary of Agriculture for disbursement for purposes stated in former provisions of this subchapter.
Feb. 16, 1938, ch. 30 52 Stat. 70 Apr. 7, 1938, ch. 107, § 13 52 Stat. 204 Section 1403, acts , title IV, § 403, ; , , provided allotment of funds to manager of cotton pool for purchase of pool participation trust certificates, to be tendered by lawful holder and owner thereof on or before , at rate of $1 per five-hundred-pound bale, payment of costs and expenses incident to such purchases and covering into the Treasury as miscellaneous receipts balance remaining at expiration of purchase period.
Feb. 16, 1938, ch. 30 52 Stat. 71 Apr. 7, 1938, ch. 107, § 14 52 Stat. 204 Section 1404, acts , title IV, § 404, ; , , extended the time limit for purchase of outstanding pool participation certificates to and including , authorized issuance of rules and regulations and prohibited purchases from other than record holders on or before .
June 16, 1938, ch. 464 52 Stat. 747 Apr. 5, 1939, ch. 44 53 Stat. 572 Section 1404a, acts , title I, ; , , extended the time limit for purchase of certificates to and including and made the date of inapplicable.
act June 16, 1938, ch. 464, title I 52 Stat. 747 Section 1404b, , , provided for issuance of regulations for payments on participation trust certificates in case of death, incompetence or disappearance of payee.
act Feb. 16, 1938, ch. 30, title IV, § 405 52 Stat. 71 Section 1405, , , authorized continuance of 1933 cotton producers pool as long as necessary to effectuate purposes of former provisions of this subchapter and use of funds for payment of expenses.
act Feb. 16, 1938, ch. 30, title IV, § 406 52 Stat. 71 Section 1406, , , prohibited purchase of certificates after expiration of time limit.
Feb. 16, 1938, ch. 30 52 Stat. 71 Apr. 7, 1938, ch. 107, § 15 52 Stat. 204 Section 1407, acts , title IV, § 407, ; , , provided for payment by assignee of certificate transferred subsequent to , limited to the purchase price paid by the assignee, with interest at rate of four per centum from date of purchase, not exceeding an amount of $1 per bale, payment to be based upon affidavit of assignee.
Statutory Notes and Related Subsidiaries
Inapplicability of Subchapter
section 7992(a)(4) of this titleSubchapter, with the exception of former sections 1404a and 1404b, inapplicable to 2002 through 2007 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning , through , see .
section 7301(a)(1)(I) of this titleSubchapter, with the exception of former sections 1404a and 1404b, inapplicable to 1996 through 2001 crops of loan commodities, peanuts, and sugar and inapplicable to milk during period beginning , and ending , see .
Settlement of Certain Claims and Accounts
Act June 5, 1942, ch. 349 56 Stat. 324 , §§ 2, 3, , authorized Comptroller General to relieve disbursing and certifying officers from liability for payments made under former provisions of this subchapter upon certificate of Secretary of Agriculture that such payments were made in good faith, and also provided that no action should be taken to recover such excess payments, if the Secretary of Agriculture should further certify that, in view of the good faith of the parties or other circumstances of the case, such attempt to recover them would be inadvisable or inequitable.