§908. Transfer of functions of Administration created by Executive Order 7037

The administration of loans and contracts entered into by the Rural Electrification Administration established by Executive Order Numbered 7037, dated May 11, 1935, may be vested by the President in the Secretary; and in such event the provisions of this chapter shall apply to said loans and contracts to the extent that said provisions are not inconsistent therewith. The President may transfer to the Secretary the jurisdiction and control of the records, property (including office equipment), and personnel used or employed in the exercise and performance of the functions of the Rural Electrification Administration established by such Executive order.

(May 20, 1936, ch. 432, title I, §8, 49 Stat. 1366 ; Oct. 28, 1949, ch. 776, §2, 63 Stat. 948 ; Oct. 13, 1994, Pub. L. 103–354, title II, §235(a)(4), 108 Stat. 3221 .)

Amendments

1994-Pub. L. 103–354 in first sentence substituted "Secretary" for "Administrator authorized to be appointed by this chapter" and in second sentence substituted "Secretary" for "Rural Electrification Administration created by this chapter".

1949-Act Oct. 28, 1949, inserted "title I," in credit of act May 20, 1936.

Transfer of Functions

Functions, property, and personnel of Rural Electrification Administration established by Executive Order Numbered 7037 of May 11, 1935, transferred by Executive Order 7458 of Sept. 26, 1936, to Rural Electrification Administration established by Rural Electrification Act of 1936 (49 Stat. 1363), which was transferred to Department of Agriculture by 1939 Reorg. Plan No. II, §5, eff. July 1, 1939, 4 F.R. 2732, 53 Stat. 1434, set out in the Appendix to Title 5, Government Organization and Employees.