ANNUAL APPROPRIATIONS TO REIMBURSE THE COMMODITY CREDIT CORPORATION FOR NET REALIZED LOSSES.

SEC. 1506. ANNUAL APPROPRIATIONS TO REIMBURSE THE COMMODITY CREDIT CORPORATION FOR NET REALIZED LOSSES. (a) In General.— The first sentence of section 2 of Public Law 87‒155 (15 U.S.C. 713a–11) is amended by striking out “, commencing with the fiscal year ending June 30, 1961” and inserting in lieu thereof “by means of a current, indefinite appropriation”. 101 STAT. 1330–29 (b) Operating Expenses.— No funds may be appropriated for operating expenses of the Commodity Credit Corporation except as authorized under section 2 of Public Law 87–155 to reimburse the Corporation for net realized losses. (c) Effective Date.— This section and the amendment made by this section shall apply beginning with fiscal year 1988.