# 7 U.S.C. § 604: Borrowing money; expenditures; authority of Secretary

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t7_s604

## Section

- **Citation:** 7 U.S.C. § 604
- **Heading:** Borrowing money; expenditures; authority of Secretary
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** September 9, 2026
- **Source:** Publisher's official text
- **Location:** Title 7—AGRICULTURE > CHAPTER 26—AGRICULTURAL ADJUSTMENT > SUBCHAPTER II—COTTON OPTION CONTRACTS

## 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 .)

## Nearby sections

- [7 U.S.C. § 601 Declaration of conditions](https://www.frixlaw.com/law-library/statutes/usc_t7_s601.md)
- [7 U.S.C. § 602 Declaration of policy; establishment of price basing period; marketing standards; orderly supply flow; circumstances for continued regulation](https://www.frixlaw.com/law-library/statutes/usc_t7_s602.md)
- [7 U.S.C. § 603 Government owned cotton; transfer to Secretary of Agriculture; powers of Secretary](https://www.frixlaw.com/law-library/statutes/usc_t7_s603.md)
- [7 U.S.C. § 604 Borrowing money; expenditures; authority of Secretary](https://www.frixlaw.com/law-library/statutes/usc_t7_s604.md)
- [7 U.S.C. § 605 Repealed. June 30, 1947, ch. 166 , title II, § 206(d), 61 Stat. 208](https://www.frixlaw.com/law-library/statutes/usc_t7_s605.md)
- [7 U.S.C. § 606 Repealed. Aug. 24, 1935, ch. 641, § 34 , 49 Stat. 775](https://www.frixlaw.com/law-library/statutes/usc_t7_s606.md)
- [7 U.S.C. § 607 Sale by Secretary; additional options; validation of assignments; publication of information](https://www.frixlaw.com/law-library/statutes/usc_t7_s607.md)
- [7 U.S.C. § 608 Powers of Secretary](https://www.frixlaw.com/law-library/statutes/usc_t7_s608.md)
- [7 U.S.C. § 608–1 Omitted](https://www.frixlaw.com/law-library/statutes/usc_t7_s608%E2%80%931.md)
- [7 U.S.C. § 608a Enforcement of chapter](https://www.frixlaw.com/law-library/statutes/usc_t7_s608a.md)
- [7 U.S.C. § 608a–1 Repealed. Sept. 1, 1937, ch. 898 , title V, § 510, 50 Stat. 916](https://www.frixlaw.com/law-library/statutes/usc_t7_s608a%E2%80%931.md)
- [7 U.S.C. § 608b Marketing agreements; exemption from anti-trust laws; inspection requirements for handlers not subject to agreements](https://www.frixlaw.com/law-library/statutes/usc_t7_s608b.md)
- [7 U.S.C. § 608c Orders](https://www.frixlaw.com/law-library/statutes/usc_t7_s608c.md)
- [7 U.S.C. § 608c–1 Repealed. June 29, 1945, ch. 196 , 59 Stat. 263](https://www.frixlaw.com/law-library/statutes/usc_t7_s608c%E2%80%931.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t7_s604. Check the current official text before relying on it. Not legal advice.