Page:United States Statutes at Large Volume 104 Part 5.djvu/52

 104 STAT. 3374 PUBLIC LAW 101-624—NOV. 28, 1990 Sec. 2518. Establishing qusdity as a gocd for Commodity Credit Corporation programs. Sec. 2519. Severability. TITLE I—DAIRY SEC. 101. MILK PRICE SUPPORT AND MILK INVENTORY MANAGEMENT PROGRAM FOR CALENDAR YEARS 1991 THROUGH 1995. Effective date. (a) IN GENERAL.—Effective January 1, 1991, the Agricultural Act of 1949 is amended by inserting after section 203 (7 U.S.C. 1446d) the following new section: 7 USC 1446e. "SEC. 204. MILK PRICE SUPPORT AND MILK INVENTORY MANAGEMENT PROGRAM FOR CALENDAR YEARS 1991 THROUGH 1995. "Notwithstanding any other provision of law: "(a) IN GENERAL. —During the period beginning on January 1, 1991, and ending on December 31, 1995, the price of milk shall be supported as provided in this section. "0)) RATE. — During the period beginning on January 1, 1991, and ending on December 31, 1995, the price of milk shall be supported at a rate not less than $10.10 per hundredweight for milk containing 3.67 percent milkfat. "(c) PURCHASES. — "(1) IN GENERAL.—The price of milk shall be supported through the purchase of milk and the products of milk. "(2) C(X BID PRICES.— The Commodity Credit Corporation support purchase prices under this section for each of the products of milk 0)utter, cheese, and nonfat dry milk) announced by the Corporation shall be the same for all of that product sold by persons offering to sell the product to the Corporation. The purchase prices shall be sufficient to enable plants of average efficiency to pay producers, on average, a price not less than the rate of price support for milk in effect during a 12-month period under this subsection. "(3) BUTTER AND NONFAT DRY MILK.— "(A) ALLOCATION OF PURCHASE PRICES.—The Secretary may allocate the rate of price support between the purchase prices for nonfat dry milk and butter in a manner that will result in the lowest level of expenditures by the Commodity Credit Corporation or achieve such other objectives as the Secretary considers appropriate. The Secretary shall notify the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate of the allocation. "(B) TIMING OF PURCHASE PRICE ADJUSTMENTS.— The Secretary may make any such adjustments in the purchase prices for nonfat dry milk and butter the Secretary considers to be necessary not more than twice in each calendar year. "(d) SUPPORT RATE ADJUSTMENTS. — "(1) REDUCTIONS.— "(A) IN GENERAL. — Effective January 1 of each of the calendar years 1991 through 1995, if the level of purchases of milk and the products of milk by the Commodity Credit Corporation under this section (less sales under section 407 for unrestricted use), as estimated by the Secretary by

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