Notes on 7 U.S.C. § 1505 : US Code - Notes

Search Notes on 7 U.S.C. § 1505 : US Code - Notes

(Feb. 16, 1938, ch. 30, title V, Sec. 505, 52 Stat. 72; Aug. 1,
1947, ch. 440, Sec. 8, 61 Stat. 719; Aug. 25, 1949, ch. 512, Sec.
7, 63 Stat. 665; Pub. L. 96-365, title I, Sec. 102, Sept. 26, 1980,
94 Stat. 1312; Pub. L. 103-354, title I, Secs. 102(b)(3), (4), 103,
115(a), Oct. 13, 1994, 108 Stat. 3181, 3204; Pub. L. 106-224, title
I, Sec. 142(a)(1), (b), June 20, 2000, 114 Stat. 389, 390.)
AMENDMENTS                            
2000 - Pub. L. 106-224, Sec. 142(a)(1), inserted section
catchline.
Subsec. (a). Pub. L. 106-224, Sec. 142(a)(1), added heading and
text of subsec. (a) and struck out former subsec. (a) which read as
follows: "The management of the Corporation shall be vested in a
Board subject to the general supervision of the Secretary. The
Board shall consist of the manager of the Corporation, the Under
Secretary of Agriculture responsible for the Federal crop insurance
program, one additional Under Secretary of Agriculture (as
designated by the Secretary of Agriculture), one person experienced
in the crop insurance business who is not otherwise employed by the
Federal Government, and three active farmers who are not otherwise
employed by the Federal Government. The Board shall be appointed
by, and hold office at the pleasure of, the Secretary. The
Secretary shall not be a member of the Board. The Secretary, in
appointing the three active farmers who are not otherwise employed
by the Federal Government, shall ensure that such members are
policyholders and are from different geographic areas of the United
States, in order that diverse agricultural interests in the United
States are at all times represented on the Board."
Subsec. (e). Pub. L. 106-224, Sec. 142(b), added subsec. (e).
1994 - Subsec. (a). Pub. L. 103-354, Sec. 102(b)(3), (4)(A), (C),
in first sentence struck out "of Directors (hereinafter called the
'Board')" after "Board" and "of Agriculture" after "Secretary".
Pub. L. 103-354, Sec. 103, in second sentence struck out "or
Assistant Secretary" after "Corporation, the Under Secretary" and
substituted "one additional Under Secretary of Agriculture (as
designated by the Secretary of Agriculture)" for "the Under
Secretary or Assistant Secretary of Agriculture responsible for the
farm credit programs of the Department of Agriculture".
Pub. L. 103-354, Sec. 115(a)(1), substituted "The Board shall be
appointed by, and hold office at the pleasure of, the Secretary.
The Secretary shall not be a member of the Board." for former third
sentence which read as follows: "The Board shall be appointed by,
and hold office at the pleasure of the Secretary, who shall not,
himself, be a member of the Board."
Pub. L. 103-354, Sec. 102(b)(4)(C), in third sentence struck out
"of Agriculture" before ", who shall not".
Subsec. (c). Pub. L. 103-354, Sec. 102(b)(4)(B), (C), struck out
"of Agriculture" after "Department" in first sentence and after
"Secretary" in second sentence.
Subsec. (d). Pub. L. 103-354, Secs. 102(b)(4)(C), 115(a)(2), in
first sentence struck out "upon him" before "by the Board", and in
second sentence substituted "The manager shall" for "He shall" and
struck out "of Agriculture" after "Secretary".
1980 - Subsec. (a). Pub. L. 96-365, Sec. 102(a), increased Board
membership to seven from five persons; substituted provisions
including on the Board the Under Secretaries or Assistant
Secretaries of Agriculture for crop insurance and farm credit
programs and one person experienced in crop insurance business for
former provisions including on the Board two other Agriculture
Department employees and two persons with insurance business
experience; authorized appointment of three active farmers not
otherwise Federal employees; and required farmer appointees to be
policyholders and representative of agricultural interests of
different geographic areas.
Subsec. (b). Pub. L. 96-365, Sec. 102(b), substituted "four" for
"three" in two places.
Subsec. (c). Pub. L. 96-365, Sec. 102(c), substituted as
limitation on compensation of Directors of the Corporation not
employed by the Federal Government the daily equivalent of rate
prescribed for grade GS-18 under section 5332 of title 5 when
actually employed, and actual necessary traveling and subsistence
expenses, or the per diem allowance in lieu of subsistence
expenses, as authorized by section 5703 of title 5 for persons in
Government service employed intermittently, when on the business of
the Corporation away from their homes or regular places of business
for former limitation of $50 per day when actually employed and
transportation expenses plus not to exceed $10 per diem in lieu of
subsistence expenses when on business of the Corporation away from
their homes or regular places of business.
1949 - Subsec. (c). Act Aug. 25, 1949, reduced compensation of
members of Board of Directors who are not Government employees from
"not to exceed $100 per day" to "not to exceed $50 per day", and
changed from "subsistence expenses" to "transportation expenses and
not to exceed $10 per diem".
1947 - Act Aug. 1, 1947, amended section generally and, among
other changes, increased membership of Board from three to five,
provided for two members with insurance experience, not Government
employees, increased from two to three the number of members
necessary to carry on functions and to constitute a quorum,
provided for compensation and expenses of Board members not
otherwise Government employed, and for appointment of manager of
corporation by the Secretary of Agriculture instead of being
selected by the Board.
EFFECTIVE DATE OF 1994 AMENDMENT                 
Amendment by Pub. L. 103-354 effective Oct. 13, 1994, and
applicable to provision of crop insurance under Federal Crop
Insurance Act (7 U.S.C. 1501 et seq.) beginning with 1995 crop
year, with such Act, as in effect on the day before Oct. 13, 1994,
to continue to apply with respect to 1994 crop year, see section
120 of Pub. L. 103-354, set out as a note under section 1502 of
this title.
EFFECTIVE DATE OF 1980 AMENDMENT                 
Amendment by Pub. L. 96-365 effective Sept. 26, 1980, see section
112 of Pub. L. 96-365, set out as a note under section 1504 of this
title.
TRANSFER OF FUNCTIONS                       
Administration of program of Federal Crop Insurance Corporation
transferred to Secretary of Agriculture by 1946 Reorg. Plan No. 3,
Sec. 501, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1100. See note
set out under section 1503 of this title.
Wartime consolidation of Federal Crop Insurance Corporation into
Agricultural Conservation and Adjustment Administration, see note
set out under section 1503 of this title.
APPOINTMENT OF BOARD OF DIRECTORS BEGINNING FEBRUARY 1, 2001   
Pub. L. 106-224, title I, Sec. 142(a)(2), (3), June 20, 2000, 114
Stat. 390, provided that:
"(2) Implementation. - The initial members of the Board of
Directors of the Federal Crop Insurance Corporation required to be
appointed under section 505(a)(3) of the Federal Crop Insurance Act
[7 U.S.C. 1505(a)(3)] (as amended by paragraph (1)) shall be
appointed during the period beginning February 1, 2001, and ending
April 1, 2001.
"(3) Effect on existing board. - A member of the Board of
Directors of the Federal Crop Insurance Corporation on the date of
the enactment of this Act [June 20, 2000] may continue to serve as
a member of the Board until the members referred to in paragraph
(2) are first appointed."
REFERENCES IN OTHER LAWS TO GS-16, 17, OR 18 PAY RATES      
References in laws to the rates of pay for GS-16, 17, or 18, or
to maximum rates of pay under the General Schedule, to be
considered references to rates payable under specified sections of
Title 5, Government Organization and Employees, see section 529
[title I, Sec. 101(c)(1)] of Pub. L. 101-509, set out in a note
under section 5376 of Title 5.