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Borrowing money; expenditures; authority of Secretary

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Title 7—AGRICULTURE > CHAPTER 26—AGRICULTURAL ADJUSTMENT > SUBCHAPTER II—COTTON OPTION CONTRACTS

This text was captured on Sep 9, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

The Secretary of Agriculture shall have authority to borrow money upon all cotton in his possession or control and may, at his discretion, deposit as collateral for such loans the warehouse receipts for such cotton.

( May 12, 1933, ch. 25 , title I, § 4, 48 Stat. 33 ; June 19, 1934, ch. 648 , title II, § 1, 48 Stat. 1058 ; Aug. 24, 1935, ch. 641 , §§ 35, 36, 49 Stat. 775 .)

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Borrowing money; expenditures; authority of Secretary · 7 U.S.C. § 604 | Frix