Page:United States Statutes at Large Volume 104 Part 5.djvu/313

 PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3635 "(e) DEUVERY OF COMMODITIES. — Delivery of the commodities shall be made in accordance with the terms of the agreement. "SEC. 104. USE OF LOCAL CURRENCY PAYMENT. 7 USC 1704. "(a) IN GENERAL.— Agreements under this title may provide that the Secretary shall use payments made in local currencies by the recipient country in accordance with this section. "(b) SPECIAL ACCOUNT.— Foreign currencies received by the Secretary under this title shall be deposited in a separate account, that may be interest-bearing, to the credit of the United States and such currencies and interest thereon shall be used as provided for in this section. "(c) ACTIVITIES.— The proceeds from the payments referred to in subsection (a) may be used in the recipient country for the following: "(1) TRADE DEVELOPMENT.— To carry out programs to help develop markets for United States agricultural commodities on a mutually beneficial basis in the recipient country. " (2) AGRICULTURAL DEVELOPMENT. —To support— "(A) increased agricultural production, including availability of agricultural inputs, with emphsisis on small farms, processing of agricultural commodities, forestry management, and land and water management; "(B) credit policies for private-sector agriculture development; "(C) establishment and expansion of institutions for basic and applied agricultural research and the use of such research through development of extension services; and "(D) programs to control rodents, insects, weeds, and other animal or plant pests. "(3) AGRICULTURAL BUSINESS DEVELOPMENT LOANS.— To make loans to United States business entities (including cooperatives) and branches, subsidiaries, or affiliates of such entities for agricultural business development and agricultural trade expansion in such recipient countries. "(4) AGRICULTURAL FACILITIES LOANS.— To make loans to domestic or foreign entities (including cooperatives) for the establishment of fecilities for aiding in the utilization or distribution of, or otherwise increasing the consumption of and markets for. United States agricultural products. "(5) TRADE PROMOTION.— To promote agricultural trade development, under procedures established by the Secretary, by making loans or through other activities (including trade fairs) that the Secretary determines to be appropriate. " (6) PRIVATE SECTOR AGRICULTURAL TRADE DEVELOPMENT.— To conduct private sector gigricultural trade development activities in the recipient country, as determined appropriate by the Secretary. "(7) RESEARCH. — To conduct research in agriculture, forestry, and aquaculture, including collaborative research which is mutually beneficial to the United States and the recipient country. "(8) UNITED STATES OBLIGATIONS.— To make payments of United States obligations (including obligations entered into pursuant to other laws). "(d) FISCAL REQUIREMENTS REGARDING USE OF LOCAL CUR- RENCIES. —

�