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U.S. Code as of:
01/03/05
Section 1743. Reduction of set-aside
(a) Such commodity set-aside shall be reduced by disposals made
in accordance with the directions of the President as follows:
(1) Donation, sale, or other disposition for disaster or other
relief purposes outside the United States pursuant to and subject
to the limitations of subchapter III of chapter 41 of this title;
(2) Sale or barter (including barter for strategic materials)
to develop new or expanded markets for American agricultural
commodities, including but not limited to disposition pursuant to
and subject to the limitations of subchapter II of chapter 41 of
this title;
(3) Donation to school-lunch programs;
(4) Transfer to the National Defense Stockpile established by
the Strategic and Critical Materials Stock Piling Act (50 U.S.C.
98 et seq.), without reimbursement from funds appropriated for
the purposes of that Act;
(5) Donation, sale, or other disposition for research,
experimental, or educational purposes;
(6) Donation, sale, or other disposition for disaster relief
purposes in the United States or to meet any national emergency
declared by the President; and
(7) Sale for unrestricted use to meet a need for increased
supplies at not less than 105 per centum of the parity price in
the case of agricultural commodities and a price reflecting 105
per centum of the parity price of the agricultural commodity in
the case of products of agricultural commodities.
The President shall prescribe such terms and conditions for the
disposal of commodities in the commodity set-aside as he determines
will provide adequate safeguards against interference with normal
marketings of the supplies of such commodities outside the
commodity set-aside. Strategic materials acquired by the Commodity
Credit Corporation under paragraph (2) of this subsection shall be
transferred to the National Defense Stockpile established by the
Strategic and Critical Materials Stock Piling Act [50 U.S.C. 98 et
seq.], and the Commodity Credit Corporation shall be reimbursed for
the value of the commodities bartered for such strategic materials
from funds appropriated for purposes of that Act. For the purpose
of such reimbursement, the value of any commodity so bartered shall
be the lower of the domestic market price or the Commodity Credit
Corporation's investment therein as of the date of such barter, as
determined by the Secretary of Agriculture.
(b) The quantity of any commodity in the commodity set-aside
shall be reduced to the extent that the Commodity Credit
Corporation inventory of such commodity is reduced, by natural or
other cause beyond the control of the Corporation, below the
quantity then charged to the commodity set-aside.
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