Page:United States Statutes at Large Volume 110 Part 1.djvu/1145

 PUBLIC LAW 104-127—APR. 4, 1996 110 STAT. 1121 all ordinary and necessary expenses, including all compensation for personnel and consultants, expenses for computer usage, or space needs of the Corporation and similar expenses. Funds authorized for administrative expenses shall not be available for the acquisition of real property. "(e) PROJECT MONITORING. —The Corporate Board may establish, in the bylaws of the Corporate Board, that a percentage (which shall not exceed 1 percent) of the funds provided under subsection (c) for any commercialization project shall be expended to ensure that project funds are being utilized in accordance with the project agreement. "(f) TERMINATION OF THE FUND.— On expiration of the authority provided by this subtitle, all assets (after payment of all outstanding obligations) of the Fund shall revert to the general fund of the Treasury. "(g) AUTHORIZATION OF APPROPRIATIONS; CAPITALIZATION. — "(1) AUTHORIZATION OF APPROPRIATION.— There are authorized to be appropriated to the Fund $75,000,000 for each of fiscal years 1996 through 2002. "(2) CAPITALIZATION. —The Executive Director may pay in as capital of the Corporation, out of dollar receipts made available through annual appropriations, $75,000,000 for each of fiscal years 1996 through 2002. On the payment of an amount of capital by the Executive Director, the Corporation shall issue an equivalent amount of capital stock to the Secretary of the Treasury. "(3) TRANSFER.— Al l obligations, assets, and related rights and responsibilities of the former Alternative Agricultural Research and Commercialization Center established under former section 1658 of this Act (as in effect on the day before the date of enactment of the Federal Agriculture Improvement and Reform Act of 1996) are transferred to the Corporation.". SEC. 729. PROCUREMENT PREFERENCES FOR PRODUCTS RECEIVING CORPORATION ASSISTANCE. Subtitle G of title XVI of the Food, Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C. 5901 et seq.) is amended by adding at the end the following: "SEC. 1665. PROCUREMENT OF ALTERNATIVE AGRICULTURAL 7 USC 5909. RESEARCH AND COMMERCIALIZATION PRODUCTS. "(a) DEFINITION OF EXECUTIVE AGENCY.—In this section, the term 'executive agency' has the meaning provided the term in section 4(1) of the Office of Federal Procurement Policy Act (41 U.S.C. 403(1)). "(b) PROCUREMENT.—To further the achievement of the purposes specified in section 1657(b), an executive agency may, for any procurement involving the acquisition of property, establish set-asides and preferences for property that has been commercialized with assistance provided under this subtitle. "(c) SET-ASIDES. — Procurements solely for property may be set aside exclusively for products developed with commercialization assistance provided under section 1661. "(d) PREFERENCES.— Preferences for property developed with assistance provided under this subtitle in procurements involving the acquisition of property may be— "(1) a price preference, if the procurement is solely for property, of not greater than a percentage to be determined

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