Page:United States Statutes at Large Volume 101 Part 1.djvu/354

 PUBLIC LAW 100-45—MAY 27, 1987

101 STAT. 324

DESIGNATION OF CERTAIN LANDS AS WETLANDS UNDER WATER BANK ACT South Dakota.

SEC. 12. The Secretary of Agriculture shall designate as "wetlands", for purposes of section 3 of the Water Bank Act (16 U.S.C. 1302), areas in the Kingsbury, Hamlin, Lake, Miner, Brookings, and Codington Counties of the State of South Dakota that suffered from floods in 1986: Provided, That, notwithstanding the designation of such lands as wetlands, total payments to owners and operators under the Water Bank Program for lands in the State of South Dakota shall not exceed $1,243,000 during fiscal year 1987. I D 0ol^'>ttj

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ETHANOL COST-EFFECTIVENESS STUDY

SEC. 13. (a) The Secretary of Agriculture shall, within 30 days after the date of enactment of this Act, establish a panel to conduct a study of the cost-effectiveness of ethanol production. (b) The panel shall consist of 7 members appointed by the Secretary, of which— (1) 4 members shall be persons who are representatives of— (A) feed grain producers; ^-, (B) feed grain processors; ^' (C) members of associations involved in the production ^^ and marketing of ethanol; and //•" (D) other related industries or institutions of higher edu:; cation, and both; and (2) no more than 2 of the remaining 3 members shall be employees of the Federal Government. .^ (c) The panel shall— - v^ (1) review and assess the economics and cost of production factors involved in the manufacture of ethanol in modern ethanol production facilities; •:>f (2) assess ethanol technology, production, and marketing '• advances that have enabled the ethanol industry to grow rapidly since the inception of the industry in 1980; (3) assess the economic effect on United States agriculture from fuel ethanol production from United States agricultural ' commodities; (4) review and analyze the tradeoffs between Federal production and marketing incentives for fuel ethanol and other agricultural programs designed to enhance farm income and adjust agricultural production; 5« (5) analyze the effect on the agricultural economy resulting from increasing levels of ethanol production, including in^ creased employment, increased tax receipts, expanded economic activity, export potential of residual products, and net costs or O savings; v Q < (6) analyze the effect fuel ethanol production has on agricultural prices and farm income; and ^f (7) analyze the effect of increased ethanol production on the 0/ balance of trade, energy security, and air quality in the United States. (d) Not later than 90 days after the date of enactment of this Act, the panel shall submit a report describing the results of the study to the Committee on Agriculture of the House of Representatives, the Committee on Agriculture, Nutrition, and Forestry of the Senate, and the Secretary of Agriculture.

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