§1784. Reimbursement to Commodity Credit Corporation

For the purpose of reimbursing the Commodity Credit Corporation for any expenditures made by it in connection with payments to producers under this chapter, there is appropriated for each fiscal year beginning with the fiscal year ending June 30, 1956, an amount equal to the total of expenditures made by the Corporation during the preceding fiscal year and to any amounts expended in prior fiscal years not previously reimbursed: Provided, however, That such amounts appropriated for any fiscal year shall not exceed 70 per centum of the gross receipts from duties collected during the period January 1 to December 31, both inclusive, preceding the beginning of each such fiscal year on wool or fine animal hair, and articles thereof, as provided for in the Harmonized Tariff Schedule of the United States. For the purposes of the appraisal under sections 713a 4 and 713a 5 of title 15, the Commodity Credit Corporation shall establish on its books an account receivable in an amount equal to any amount expended by Commodity Credit Corporation in connection with payments pursuant to this chapter which has not been reimbursed from appropriations made hereunder.

(Aug. 28, 1954, ch. 1041, title VII, §705, 68 Stat. 911 ; Aug. 28, 1958, Pub. L. 85 835, title IV, §403, 72 Stat. 995; Aug. 23, 1988, Pub. L. 100 418, title I, §1214(v), 102 Stat. 1162.)

Repeal of Section

Section repealed effective Dec. 31, 1995, see section 3(a) of Pub. L. 103 130, set out as an Effective Date of Repeal note under section 1782 of this title.

References in Text

The Harmonized Tariff Schedule of the United States, referred to in text, is not set out in the Code. See Publication of Harmonized Tariff Schedule note set out under section 1202 of Title 19, Customs Duties.

Amendments

1988-Pub. L. 100 418 substituted "wool or fine animal hair, and articles thereof, as provided for in the Harmonized Tariff Schedule of the United States" for "all articles subject to duty under schedule 11 of the Tariff Act of 1930, as amended".

1958-Pub. L. 85 835 struck out from proviso "specific" first time it appeared and "(whether or not such specific duties are parts of compound rates)".

Effective Date of 1988 Amendment

Amendment by Pub. L. 100 418 effective Jan. 1, 1989, and applicable with respect to articles entered on or after such date, see section 1217(b)(1) of Pub. L. 100 418, set out as a note under section 3001 of Title 19, Customs Duties.

Section Referred to in Other Sections

This section is referred to in section 1787 of this title.