Statute

50 U.S.C. § 4564

Termination of chapter

US · USCActive

Statutory text

50 U.S.C. § 4564

(a) Termination Subchapter I (except section 4514 of this title ), subchapter II, and subchapter III (except sections 4557, 4558, and 4565 of this title) shall terminate on September 30, 2026 , except that all authority extended under subchapter II shall be effective for any fiscal year only to such extent or in such amounts as are provided in advance in appropriations Acts. (b) Continuation of agencies Notwithstanding subsection (a), any agency created under a provision of law that is terminated under subsection (a) may continue in existence, for purposes of liquidation, for a period not to exceed 6 months, beginning on the date of termination of the provision authorizing the creation of such agency under subsection (a). (c) Disbursement of funds or fulfillment of obligations not affected The termination of any section of this chapter, or of any agency or corporation utilized under this chapter, shall not affect the disbursement of funds under, or the carrying out of, any contract, guarantee, commitment or other obligation entered into pursuant to this chapter prior to the date of such termination, or the taking of any action necessary to preserve or protect the interests of the United States in any amounts advanced or paid out in carrying on operations under this chapter, or the taking of any action (including the making of new guarantees) deemed by a guaranteeing agency to be necessary to accomplish the orderly liquidation, adjustment or settlement of any loans guaranteed under this chapter, including actions deemed necessary to avoid undue hardship to borrowers in reconverting to normal civilian production; and all of the authority granted to the President, guaranteeing agencies, and fiscal agents, under section 4531 of this title shall be applicable to actions taken pursuant to the authority contained in this subsection. (d) Conditions on recovery of certain cooperative payments No action for the recovery of any cooperative payment made to a cooperative association by a Market Administrator under an invalid provision of a milk marketing order issued by the Secretary of Agriculture pursuant to the Agricultural Marketing Agreement Act of 1937 [ 7 U.S.C. 671 et seq.] shall be maintained unless such action is brought by producers specifically named as party plaintiffs to recover their respective share of such payments within ninety days after June 30, 1952 , with respect to any cause of action heretofore accrued and not otherwise barred, or within ninety days after accrual with respect to future payments, and unless each claimant shall allege and prove (1) that he objected at the hearing to the provisions of the order under which such payments were made and (2) that he either refused to accept payments computed with such deduction or accepted them under protest to either the Secretary or the Administrator. The district courts of the United States shall have exclusive original jurisdiction of all such actions regardless of the amount involved. This subsection shall not apply to funds held in escrow pursuant to court order. Notwithstanding any other provision of this chapter, no termination date shall be applicable to this subsection.

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Details

Status: Active
Jurisdiction: US · USC
Current through: 2026
Source credit: ( Sept. 8, 1950, ch. 932 , title VII, § 717, formerly § 716, 64 Stat. 822 ; June 30, 1951, ch. 198, § 1 , 65 Stat. 110 ; renumbered § 717, July 31, 1951, ch. 275 , title I, §§ 110(b), 111, 65 Stat. 144 ; June 30, 1952, ch. 530 , title I, §§ 120, 121(b), 66 Stat. 306 ; June 30, 1953, ch. 170, § 20 , 67 Stat. 126 ; June 30, 1953, ch. 171 , §§ 11, 12, 67 Stat. 131 ; June 30, 1955, ch. 251, § 5 , 69 Stat. 225 ; Aug. 9, 1955, ch. 655, § 10 , 69 Stat. 583 ; June 29, 1956, ch. 474, § 1 , 70 Stat. 408 ; Pub. L. 85–471 , June 28, 1958 , 72 Stat. 241 ; Pub. L. 86–560, § 1 , June 30, 1960 , 74 Stat. 282 ; Pub. L. 87–505 , June 28, 1962 , 76 Stat. 112 ; Pub. L. 88–343, § 1 , June 30, 1964 , 78 Stat. 235 ; Pub. L. 89–482, § 1 , June 30, 1966 , 80 Stat. 235 ; Pub. L. 90–370, § 1 , July 1, 1968 , 82 Stat. 279 ; Pub. L. 91–300 , June 30, 1970 , 84 Stat. 367 ; Pub. L. 91–371 , Aug. 1, 1970 , 84 Stat. 694 ; Pub. L. 91–379, title I, § 101 , Aug. 15, 1970 , 84 Stat. 796 ; Pub. L. 92–15, § 2 , May 18, 1971 , 85 Stat. 38 ; Pub. L. 92–325, § 2 , June 30, 1972 , 86 Stat. 390 ; Pub. L. 93–323 , June 30, 1974 , 88 Stat. 280 ; Pub. L. 93–367 , Aug. 7, 1974 , 88 Stat. 419 ; Pub. L. 93–426, § 4 , Sept. 30, 1974 , 88 Stat. 1167 ; Pub. L. 94–42, § 1 , June 28, 1975 , 89 Stat. 232 ; Pub. L. 94–100, § 1 , Oct. 1, 1975 , 89 Stat. 483 ; Pub. L. 94–152, § 2 , Dec. 16, 1975 , 89 Stat. 810 ; Pub. L. 95–37, § 2 , June 1, 1977 , 91 Stat. 178 ; Pub. L. 96–77 , Sept. 29, 1979 , 93 Stat. 588 ; Pub. L. 96–188 , Jan. 28, 1980 , 94 Stat. 3 ; Pub. L. 96–225 , Apr. 3, 1980 , 94 Stat. 310 ; Pub. L. 96–250 , May 26, 1980 , 94 Stat. 371 ; Pub. L. 96–294, title I, § 105(b) , June 30, 1980 , 94 Stat. 633 ; Pub. L. 97–47, § 1 , Sept. 30, 1981 , 95 Stat. 954 ; Pub. L. 97–336 , Oct. 15, 1982 , 96 Stat. 1630 ; Pub. L. 98–12 , Mar. 29, 1983 , 97 Stat. 53 ; Pub. L. 98–181, title I [title VII, § 703], Nov. 30, 1983 , 97 Stat. 1267 ; Pub. L. 98–265, § 2 , Apr. 17, 1984 , 98 Stat. 149 ; Pub. L. 99–441, § 2 , Oct. 3, 1986 , 100 Stat. 1117 ; Pub. L. 101–137, § 9(a) , Nov. 3, 1989 , 103 Stat. 826 ; Pub. L. 101–351, § 1 , Aug. 9, 1990 , 104 Stat. 404 ; Pub. L. 101–407, § 1 , Oct. 4, 1990 , 104 Stat. 882 ; Pub. L. 101–411, § 1 , Oct. 6, 1990 , 104 Stat. 893 ; Pub. L. 102–99 , §§ 2, 8, Aug. 17, 1991 , 105 Stat. 487 , 490; Pub. L. 102–193, § 1 , Dec. 6, 1991 , 105 Stat. 1593 ; Pub. L. 102–558, title I, § 162 , Oct. 28, 1992 , 106 Stat. 4219 ; Pub. L. 104–64, § 2 , Dec. 18, 1995 , 109 Stat. 689 ; Pub. L. 105–261, div. A, title X, § 1072(a) , Oct. 17, 1998 , 112 Stat. 2137 ; Pub. L. 106–65, div. A, title X, § 1063(a) , Oct. 5, 1999 , 113 Stat. 769 ; Pub. L. 106–363, § 1 , Oct. 27, 2000 , 114 Stat. 1407 ; Pub. L. 107–47, § 2 , Oct. 5, 2001 , 115 Stat. 260 ; Pub. L. 108–195, § 2(a) , Dec. 19, 2003 , 117 Stat. 2892 ; Pub. L. 110–367, § 2 , Oct. 8, 2008 , 122 Stat. 4026 ; Pub. L. 111–67, § 2(a)(1) , Sept. 30, 2009 , 123 Stat. 2006 ; Pub. L. 113–172, § 1 , Sept. 26, 2014 , 128 Stat. 1896 ; Pub. L. 115–232, div. A, title XVII, § 1791 , Aug. 13, 2018 , 132 Stat. 2238 ; Pub. L. 119–60, div. H, title LXXXI, § 8101 , Dec. 18, 2025 , 139 Stat. 1837 .)