Page:United States Statutes at Large Volume 110 Part 1.djvu/1157

 PUBLIC LAW 104-127—APR. 4, 1996 110 STAT. 1133 responses to the special needs of the sheep or goat industries on both a regional and national basis; and " (5) adopt flexible and innovative approaches to solving the long-term needs of the United States sheep or goat industry. " (d) STRATEGIC PLAN. — "(1) IN GENERAL.— The Center shall submit to the Secretary an annual strategic plan for the delivery of financial assistance provided by the Center. "(2) REQUIREMENTS. —^A strategic plan shall identify— "(A) goals, methods, and a benchmark for measuring the success of carrying out the plan and how the plan relates to the national and regional goals of the Center; "(B) the amount and sources of Federal and non-Federal funds that are available for carrying out the plan; "(C) funding priorities; "(D) selection criteria for funding; and "(E) a method of distributing funding. " (e) REVOLVING FUND.— "(1) ESTABLISHMENT. —There is established in the Treasury the National Sheep Industry Improvement Center Revolving Fund. The Fund shall be available to the Center, without fiscal year limitation, to carry out the authorized programs and activities of the Center under this section. "(2) CONTENTS OF FUND.— There shall be deposited in the Fund— "(A) such amounts as may be appropriated, transferred, or otherwise made available to support programs and activities of the Center; "(B) payments received from any source for products, services, or property furnished in connection with the activities of the Center; "(C) fees and royalties collected by the Center from licensing or other arrangements relating to commercialization of products developed through projects funded, in whole or part, by grants, contracts, or cooperative agreements executed by the Center; "(D) proceeds from the sale of assets, loans, and equity interests made in furtherance of the purposes of the Center; "(E) donations or contributions accepted by the Center to support authorized programs and activities; and "(F) any other funds acquired by the Center. "(3) USE OF FUND.— "(A) IN GENERAL.— The Center may use amounts in the Fund to make grants and loans to eligible entities in accordance with a strategic plan submitted under subsection (d). "(B) CONTINUED EXISTENCE.—The Center shall manage the Fund in a manner that ensures that sufficient amounts are available in the Fund to carry out subsection (c). "(C) DIVERSE AREA.— The Center shall, to the maximum extent practicable, use the Fund to serve broad geographic areas and regions of diverse production. "(D) VARlETi' OF LOANS AND GRANTS. —The Center shall, to the maximum extent practicable, use the Fund to provide a variety of grants and intermediate- and long-term loans.

�