Notes on 7 U.S.C. § 1100 : US Code - Notes

Search Notes on 7 U.S.C. § 1100 : US Code - Notes

TERMINATION DATE                         
Section 412, formerly Sec. 411, of act Aug. 8, 1947, ch. 519, 61
Stat. 933, as amended by act Sept. 1, 1951, ch. 379, Sec. 5, 65
Stat. 320; renumbered Sec. 412 and amended by act May 29, 1956, ch.
342, Secs. 17, 18, 70 Stat. 221; July 6, 1960, Pub. L. 86-592, Sec.
1, 74 Stat. 330; Mar. 31, 1961, Pub. L. 87-15, Sec. 1, 75 Stat. 40;
July 13, 1962, Pub. L. 87-535, Sec. 16, 76 Stat. 166; Nov. 8, 1965,
Pub. L. 89-331, Sec. 12(5), 79 Stat. 1280; Oct. 14, 1971, Pub. L.
92-138, Sec. 18(a), 85 Stat. 390; Oct. 22, 1986, Pub. L. 99-514,
Sec. 2, 100 Stat. 2095, provided that: "The powers vested in the
Secretary under this Act [this chapter] shall terminate on December
31, 1974, or on March 31 of the year of termination of the tax
imposed by section 4501(a) of the Internal Revenue Code of 1986
[formerly IRC 1954] [section 4501(a) of Title 26] whichever is the
earlier date, except that the Secretary shall have power to make
payments under title III [subchapter III of this chapter] - 
"(1) under programs applicable to the crop year 1974 and
previous crop years, if the powers vested in the Secretary
otherwise terminate on December 31, 1974, or
"(2) under programs applicable to the crop years preceding the
calendar year in which the tax imposed under section 4501(a) of
the Internal Revenue Code of 1986 [formerly I.R.C. 1954]
terminates, if the powers vested in the Secretary otherwise
terminate before December 31, 1974."