Page:United States Statutes at Large Volume 103 Part 3.djvu/41

 PUBLIC LAW 101-239—DEC. 19, 1989 103 STAT. 2109 "(4) Effective only for the 1988 crops of wheat, feed grains, upland cotton, and rice, if the Secretary determines that any portion of the advance deficiency payment made to producers for the crop under section 107C of such Act must be refunded, such refimd shall not be required— "(A) prior to December 31, 1989, if such producers suffered losses of 1988 or 1989 crops due to a natural disaster in 1988 or 1989; or "(B) prior to July 31, 1990, for that portion of the crop for which a disaster payment is made under subsection (a).". (Jb) RATIONALE.— For purposes of section 202 of Public Law 100-119 (2 U.S.C. 909), the amendment made by subsection (a) is a necessary (but secondary) result of a significant policy change. SEC 1005. REDUCTION OF EXPENDITURES UNDER THE EXPORT ENHANCEMENT PROGRAM AND FOR TARGETED EXPORT ASSISTANCE. (a) EXPORT ENHANCSiifENT PROGRAM.—During fiscal year 1990, the Commodity Oedit Corporation shall not, except to the extent pro- vided for under section 4301 of the Agricultural Competitiveness and Trade Act of 1988 (Public Law 100-418; 7 U.S.C. 1446 note), make available to exportiers, processors, or foreign importers under the authority of section 5(f) of the Commodity Oedit Corporation Charter Act (15 U.S.C. 714c(f)) more than $566,000,000 in commod- ities of the Commodity Credit Corporation to enhance the export of United States commodities by making the price of such commodities competitive in the world market. (b) TARGETED EXPORT ASSISTANCE.—Section 1124(a) of the Food Security Act of 1985 (7 U.S.C. 1736s(a)) is amended— (1) by strildi^ "and" at the end of paragraph (2); and (2) by striking paragraph (3) and inserting the following: "(3) for the fiscal year 1989, the Secretary shall use under this section not less than $325,000,000 of the funds of, or commod- ities owned by, the Corporation; and "(4) for the fiscal year 1990, the Secretary shall use under this section not less than $200,000,000 of the funds of, or commod- ities owned by, the Corporation.''. SEC 1006. PURCHASES OF FINANCIAL ASSISTANCE CORPORATION STOCK 12 USC 2278b-9 BY FARM CREDIT SYSTEM INSTITUTIONS. note. (a) DELAYED EFFECTIVE DATE FOR STOCK PURCHASE REQUIRE- MENT. — Notwithstanding any other provision of law, the amend- ments to section 6.29 of the Farm Credit Act of 1971 (12 U.S.C. 2278b-9) made by section 646 of the Rural Development, Agri- culture, and Related Agencies Appropriations Act, 1989 (Public Law 100-460; 102 Stat 2266) shall be effective on October 1, 1992. (b) PAYMENTS. — (1) FOUR ANNUAL PAYMENTS.—Notwithstanding any other provision of law, the Financial Assistance Corporation shall pay, out of the Financial Assistance Ck>rporation Trust Fund (hereinafter in this section referred to as the "Trust Fund") established under section 6.250)) of the Farm Credit Act of 1971 (12 U.S.C. 2278b-5a))), to each of the institutions of the Farm Credit System that purchased stock in the Financial Assistance Corporation under section 6.29 of the Farm Oedit Act of 1971, four annual payments as provided in this subsection.

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