Page:United States Statutes at Large Volume 100 Part 1.djvu/122

 100 STAT. 86

Post, p. 88. Exports.

Loans.

PUBLIC LAW 99-272—APR. 7, 1986 "(C) 'Reserve stock level', in the case of Flue-cured tobacco, shall be the greater of— "(i) 100,000,000 pounds (farm sales weight); or "(ii) 15 percent of the national marketing quota for Flue-cured tobacco for the marketing year immediately preceding the marketing year for which the level is being determined. "(D) 'Reserve stock level', in the case of Burley tobacco, shall be the greater of—"(i) 50,000,000 pounds (farm sales weight); or "(ii) 15 percent of the national marketing quota for Burley tobacco for the marketing year immediately preceding the marketing year for which the level is being determined."; and (2) by adding at the end thereof the following new paragraph: "(17) 'Domestic manufacturer of cigarettes' means a person that produces and sells more than 1 percent of the cigarettes produced and sold in the United States.". (b) FLUE-CURED TOBACCO.—Section 317(a)(1) of such Act (7 U.S.C. 1314c(a)(l)) is amended— (1) by striking out " 'National marketing quota' " in the first sentence and inserting in lieu thereof "(A) Except as provided in subparagraph (B), 'national marketing quota' "; and (2) by adding at the end thereof the following new suljparagraphs: "(B) For the 1986 and each subsequent crop of Flue-cured tobacco, 'national marketing quota' for a marketing year means the quantity of Flue-cured tobacco, as determined by the Secretary, that is not more than 103 percent nor less than 97 percent of the total of— "(i) the aggregate of the quantities of Flue-cured tobacco that domestic manufecturers of cigarettes estimate the manufacturers intend to purchase on the United States auction markets or from producers during the marketing year, as compiled and determined under section 320A; "(jj) ^jjg average annual quantity of Flue-cured tobacco exported from the United States during the 3 marketing years immediately preceding the marketing year for which the determination is being made; and "(iii) the quantity, if any, of Flue-cured tobacco that the Secretary, in the discretion of the Secretary, determines is necessary to increase or decrease the inventory of the producerowned cooperative marketing association that has entered into a loan agreement with the Commodity Credit Corporation to make price support available to producers of Flue-cured tobacco to establish or maintain such inventory at the reserve stock level for Flue-cured tobacco. "(C) Notwithstanding any other provision of law— "(i) the national marketing quota for Flue-cured tobacco for each of the 1986 through 1989 marketing years for such tobacco shall not be less than 94 percent of the national marketing quota for such tobacco for the preceding marketing year; and "(ii) the national marketing quota for Flue-cured tobacco for each of the 1990 through 1993 marketing years for such tobacco shall not be less than 90 percent of the national marketing quota for such tobacco for the preceding marketing year.". (c) BURLEY TOBACCO.—Section 319 of such Act (7 U.S.C. 1314e) is amended— (1) in subsection (c)—

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