Page:United States Statutes at Large Volume 63 Part 1.djvu/703

 63 STAT.] 81ST CONG. , IST SESS.-CH. 512 -AUG. 25, 1949 SEC. 3. Subsection (c) of section 508 of the Federal Crop Insurance Act, as amended, is amended to read as follows: "(c) To adjust and pay claims for losses in the agricultural com- modity or in cash, under rules prescribed by the Board: Provided, That indemnities may be determined on the same price basis as pre- miums are determined for the crop with respect to which such indemni- ties are paid. The Corporation shall provide for the posting annually in each county at the county courthouse of a list of indemnities paid for losses on farms in such county. In the event that any claim for indemnity under the provisions of this title is denied by the Corpora- tion, an action on such claim may be brought against the Corporation in the United States district court, or in any court of record of the State having general jurisdiction, sitting in the district or county in which the insured farm is located, and jurisdiction is hereby conferred upon such district courts to determine such controversies without regard to the amount in controversy: Provided, That no suit on such claim shall be allowed under this section unless the same shall have been brought within one year after the date when notice of denial of the claim is mailed to and received by the claimant." SEC. 4 . Subsection (a) of section 504 of the Federal Crop Insurance Act is amended by striking out the second sentence thereof. SEC. 5. The Secretary of the Treasury is hereby authorized and directed to cancel, without consideration, outstanding receipts for pay- ments for or on account of the stock of the Corporation in excess of $27,000,000. SEC. 6 . Subsection (b) of section 504 of the Federal Crop Insurance Act is amended to read as follows: "(b) There is hereby authorized to be appropriated such sums as are necessary for the purpose of subscribing to the capital stock of the Corporation." SEC. 7 . Subsection (c) of section 505 of the Federal Crop Insurance Act, as amended, is amended by striking out the second sentence and inserting in lieu thereof the following: "The members of the Board who are not employed by the Government shall be paid such compen- sation for their services as directors as the Secretary of Agriculture shall determine, but such compensation shall not exceed $50 per day each when actually employed and transportation expenses plus not to exceed $10 per diem in lieu of subsistence expenses when on business of the Corporation away from their homes or regular places of business." SEC. 8 . Subsection (h) of section 506 of the Federal Crop Insurance Act, as amended, is amended to read as follows: "(h) may conduct researches, surveys, and investigations relat- ing to crop insurance and shall assemble data for the purpose of establishing sound actuarial bases for insurance on agricultural commodities." SEC. 9. Section 518 of the Federal Crop Insurance Act, as amended, is amended by striking therefrom the words "determined by the Board pursuant to subsection (a) (2) of section 508 of this title" and substi- tuting therefor the words "determined by the Board pursuant to sub- section (a) of section 508 of this title". SEC. 10. Subsection (a) of section 507 of the Federal Crop Insur- ance Act is amended to read as follows: "(a) The Secretary shall appoint such officers and employees as may be necessary for the transaction of the business of the Corporation pursuant to civil-service laws and regulations. fix their compensation in accordance with the provisions of the Classification Act of 1923, as amended, define their authority and duties, delegate to them such of the powers vested in the Corporation as he may determine, require bond of such of them as he may designate, and fix the penalties and 665 52 Stat. 74. 7 U. S. C., Supp. II, §1508 (c). Payment of claims. Indemnities. Posting of indemni- ties paid. Civil actions. Time limitation. 52 Stat. 72. 7U.S.C. §1504(a). 52 Stat. 72. 7 U.. S. 1504 (b). Appropriation au- thorized. 52 Stat. 73. 7U. S. C., Supp.II, § 1505 (c). Compensation of Board members. 52 Stat. 73. 7 U.S. C. 1 1506 (h). Researches,surveys, etc. 58 Stat. 919. 7 .S.C.§1518. Ante, p. 663. 52 Stat. 73. 7 U.S .C. 1507 (a). Appointment of of- ficers and employees. 42 Stat. 1488 . 5 U... SC.§ 661-674; Supp. II, 662 sq. o, p. 972

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