§ 1503. — Federal Crop Insurance Corporation; creation; offices.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC1503]
TITLE 7--AGRICULTURE
CHAPTER 36--CROP INSURANCE
Sec. 1503. Federal Crop Insurance Corporation; creation; offices
To carry out the purposes of this chapter, there is hereby created
as an agency of and within the Department a body corporate with the name
``Federal Crop Insurance Corporation''. The principal office of the
Corporation shall be located in the District of Columbia, but there may
be established agencies or branch offices elsewhere in the United States
under rules and regulations prescribed by the Board.
(Feb. 16, 1938, ch. 30, title V, Sec. 503, 52 Stat. 72; Pub. L. 103-354,
title I, Sec. 102(b)(1), (4)(A), (B), Oct. 13, 1994, 108 Stat. 3180,
3181.)
Amendments
1994--Pub. L. 103-354 in first sentence struck out ``of
Agriculture'' after ``Department'' and ``(herein called the
Corporation)'' before period at end, and in second sentence struck out
``of Directors'' after ``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.
Transfer of Functions
Under authority of Ex. Ord. No. 9577, June 29, 1945, Secretary of
Agriculture consolidated administration of program of Federal Crop
Insurance Corporation in Production and Marketing Administration by
Memorandum 1118, Aug. 18, 1945. 1946 Reorg. Plan No. 3, Sec. 501, eff.
July 16, 1946, 11 F.R. 7877, 60 Stat. 1100, set out in the Appendix to
Title 5, Government Organization and Employees, transferred
administration of program of Federal Crop Insurance Corporation to
Secretary of Agriculture. In his letter to Congress President stated
that purpose of this transfer was to permit Secretary of Agriculture to
continue consolidation already effected in Production and Marketing
Administration.
Federal Crop Insurance Corporation consolidated with other agencies
into Agricultural Conservation and Adjustment Administration for
duration of war, see Ex. Ord. No. 9069.
Section Referred to in Other Sections
This section is referred to in section 1502 of this title.
