Mar. 31, 1961
Nov. 8, 1965
Oct. 14, 1971
Oct. 22, 1986
“The powers vested in the Secretary under this Act [this chapter] shall terminate on December 31, 1974
, or on March 31 of the year of termination of the tax imposed by section 4501(a) of the Internal Revenue Code of 1986 [formerly IRC 1954] [section 4501(a) of Title 26] whichever is the earlier date, except that the Secretary shall have power to make payments under title III [subchapter III of this chapter]—
“(1) under programs applicable to the crop year 1974 and previous crop years, if the powers vested in the Secretary otherwise terminate on
December 31, 1974
, or
“(2) under programs applicable to the crop years preceding the calendar year in which the tax imposed under section 4501(a) of the Internal Revenue Code of 1986 [formerly I.R.C. 1954] terminates, if the powers vested in the Secretary otherwise terminate before
December 31, 1974
.”