Page:United States Statutes at Large Volume 103 Part 1.djvu/37

 PUBLIC LAW 101-7—MAR. 29, 1989 103 STAT. 9 Public Law 101-7 101st Congress /'!= An Act To provide for more balance in the stocks of dairy products purchased by the Mar. 29, 1989 Commodity Credit Corporation. [8. 553] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. PURCHASE PRICE FOR NON-FAT DRY MILK AND BUTTER. 7 USC 1446 note. (a) MODIFICATION OF PURCHASE PRICE FOR NON-FAT DRY MILK AND BUTTER. —Notwithstanding any other provision of law, with respect to purchases of butter and non-fat dry milk made under section 201(d) of the Agricultural Act of 1949 (7 U.S.C. 1446(d)), the Sec- retary of Agriculture, in carrying out the temporary $0.50 per hundredweight increase in the rate of price support for milk pro- vided for in section 102(b) of the Disaster Assistance Act of 1988 (7 U.S.C. 1446 note), shall provide that at least 75 percent of such price support increase shall be reflected in the purchase price for non-fat dry milk and that not more than 25 percent of such price support increase shall be reflected in the purchase price for butter, (b) DECREASE IN PURCHASE PRICE FOR NON-FAT DRY MILK AND BUTTER.— Notwithstanding any other provision of law, with respect to purchases of butter and non-fat dry milk made under section ^ 201(d) of the Agricultural Act of 1949 (7 U.S.C. 1446(d)), the Sec- retary of Agriculture, in implementing the $0.50 per hundredweight decrease in the rate of price support for milk scheduled to occur on July 1, 1989 (as provided in section 102(b) of the Disaster Assistance Act of 1988 (7 U.S.C. 1446 note)), shall provide that not more than 25 percent of such price support decrease shall be reflected in the purchase price for non-fat dry milk and that at least 75 percent of such price support decrease shall be reflected in the purchase price for butter: Provided, however. That the Secretary of Agriculture may allocate such decrease in the rate of price support between the purchase prices for non-fat dry milk and butter in such other manner as the Secretary determines will result in the lowest level of expenditures by the Commodity Credit Corporation and shall notify the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate of such determination.
 * .i Approved March 29, 1989.

« . .„ ^ LEGISLATIVE mSTORY—S. 553: CONGRESSIONAL RECORD, Vol. 135 (1989): Mar. 9, considered and passed Senate. Mar. 15, considered and passed House, amended. Mar. 17, Senate concurred in House amendment.

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