Page:United States Statutes at Large Volume 87.djvu/977

 87 STAT. ]

PUBLIC LAW 93-230-DEC. 29, 1973

945

Public Law 93-229 AN ACT

December 29, l?i73

To amend chapter 33 of title 28 of the District of Columbia Code, relating to usury, and for other purposes.

[H. R. 6758]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) chapter ^.c. '^°"^'=^'^^ 33 of title 28 of the District of Columbia Code (relating to interest es^°ra^e\r'^ut'hor-' and usury) is amended by adding at the end thereof the following: ity"§28-3309. District of Columbia Council authorized to exempt D.C. code 28certain loans, and to change rates of interest ^^°^ "The District of Columbia Council is authorized from time to time to provide by regulation for (1) the exemption from the provisions of this chapter of any loan or financial transaction, and (2) the change of any interest rate specified in this chapter. The Council is further authorized to amend or repeal any such regulation at any time, but no such amendment or repeal relating to any exemption made under authority of this section shall affect any such loan or financial transaction lawfully made or entered into while such exemption is in effect." (b) The chapter analysis for chapter 33 of title 28 of the District of Columbia Code is amended by adding at the end thereof the following item: "28-3309. District of Columbia Council authorized to exempt certain loans, and to change rates of interest."

SEC. 2. The Capital Yacht Club, a District of Columbia nonprofit ciub!'o^c'^^usury corporation, shall have the power to borrow money at such rates of law, exemption. interest as the corporation may determine, without regard to the restrictions of any usury law, and shall not plead any statute against usury in any action. Approved December 29, 1973.

Public Law 93-230 AN ACT

To amend the Agricultural Adjustment Act, as reenacted and amended by the Agricultural Marketing Agreement Act of 1937, so as to authorize certain grapefruit marketing orders which provide for an assessment against handlers for the purpose of financing a marketing promotion program to also provide for a credit against such assessment in the case of handlers who expend directly for marketing promotion.

December 29, 1.973

'•^' ^^^^^

Be it enacted by the Senate and House of Representatives of the MLrketi""' United States of America in Congress assembled, That section 8c(6) paid adve"fising"' (I) of the Agricultural Adjustment Act, as reenacted and amended by the Agricultural Marketing Agreement Act of 1937 and subsequent g/stat^^'as^^' legislation, is further amended by inserting in the first proviso "and 7 USC 608c. Florida Indian River grapefruit" immediately after "with respect to almonds". Approved December 29, 1973.

�