Page:United States Statutes at Large Volume 104 Part 5.djvu/55

 PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3377 "(J) the impact of temporary increases and decreases of milk production; "(K) the impact on the United States livestock industry; and "(L) all other issues the Secretary considers appropriate. "(6) NOTICE AND COMMENT. —The Secretary shall provide for public notice and comment on the milk inventory programs studied by the Secretary under this subsection no later than June 1, 1991. "(f) NOTIFICATION OF CONGRESS CONCERNING ESTIMATED PUR- CHASES.—On August 1 and by November 20 of each of the calendar years 1991 through 1995, the Secretary shall notify the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate regarding the value and volume of dairy product purchases on a milk equivalent, total milk solids basis, the Secretary estimates that the Corporation will make during the upcoming calendar year. "(g) EXCESS PURCHASES. — "(1) IN GENERAL.—In order to offset any cost to the Commodity Credit Corporation associated with the purchase of milk and the products of milk in excess of 7,000,000,000 pounds (milk equivalent, total milk solids basis), during any of the calendar years 1991 through 1994, the Secretary shall, if necessary, provide for a reduction to be made in the price received by producers for all milk produced in the United States and marketed by producers for commercial use. "(2) CALCULATION.—If on November 20 of each of the calendar years 1991 through 1994, the Secretary estimates that the level of Commodity (Dredit Corporation purchases of milk and the products of milk will exceed 7,000,000,000 pounds (milk equivalent, total milk solids basis), the amount of reduction in the price received by producers shall be an amount per hundredweight calculated by dividing— "(A) the cost of the purchases in excess of 7,000,000,000 pounds, milk equivalent, total milk solids basis; by "(B) the total quantity of hundredweights of milk the Secretary estimates will be produced and marketed in the United States for commercial use in that calendar year. "(3) ADJUSTMENTS.—The Secretary shall adjust any such assessment in future years, or refund any portion of such assessments, as needed, to carry out the purposes of this subsection. "(h) USE OF COMMODITY (CREDIT CORPORATION.— The Secretary shall use the funds, facilities, and authorities of the Commodity Credit Corporation to carry out this section. "(i) PERIOD.—Notwithstanding any other provision of law, this section shall be effective only during the period beginning on January 1, 1991, and ending on December 31, 1995.". (b) CONFORMING PROVISION. —Section 553 of title 5, United States l^^ i446e Code, shall not apply with respect to the implementation of section 204 of the Agricultural Act of 1949 (as added by subsection (a) of this section) by the Secretary of Agriculture, including determinations made r^arding— (1) the level of price support for milk; and (2) any reduction in the prices paid to producers of milk. note.

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