Page:United States Statutes at Large Volume 110 Part 1.djvu/939

 PUBLIC LAW 104-127—APR. 4, 1996 110 STAT. 915 (3) TREATMENT OF REFUND.— ^A refund under this subsection shall not be considered as any type of price support or payment for purposes of sections 1211 and 1221 of the Food Security Act of 1985 (16 U.S.C. 3811 and 3821). (f) COMMODITY CREDIT CORPORATION. — The Secretary shall carry out the program authorized by this section through the Commodity Credit Corporation. (g) CONFORMING REPEAL.—Effective on the first day of the Effective date, first month beginning after the date of enactment of this title, section 204 of the Agricultural Act of 1949 (7 U.S.C. 1446e) is repealed. (h) PERIOD OF EFFECTIVENESS.— Th is section (other than subsection (g)) shall be effective only during the period beginning on the first day of the first month beginning after the date of enactment of this title and ending on December 31, 1999. The program authorized by this section shall terminate on December 31, 1999, and shall be considered to have expired notwithstanding section 257 of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 907). SEC. 142. RECOURSE LOAN PROGRAM FOR COMMERCIAL PROCESSORS 7 USC 7252. OF DAIRY PRODUCTS. (a) RECOURSE LOANS AVAILABLE. —Under such reasonable terms and conditions as the Secretary may prescribe, the Secretary shall make recourse loans available to commercial processors of eligible dairy products to assist the processors to manage inventories of eligible dairy products and assure a greater degree of price stability for the dairy industry during the year. The Secretary shall use the funds, facilities, and authorities of the Commodity Credit Corporation to carry out this section. (b) AMOUNT OF LOAN. —The Secretary shall establish the amount of a loan for eligible dairy products, which shall reflect a milk equivalent value of $9.90 per hundredweight of milk containing 3.67 percent butterfat. The rate of interest charged participants under this section shall not be less than the rate of interest charged the Commodity Credit Corporation by the United States Treasury. (c) PERIOD OF LOAN.—The original term of a recourse loan made under this section may not extend beyond the end of the fiscal year in which the loan is made. At the end of the fiscal year, the Secretary may extend the loan for an additional period not to exceed the end of the next fiscal year. (d) DEFINITION OF ELIGIBLE DAIRY PRODUCTS.— In this section, the term "eligible dairy products" means cheddar cheese, butter, and nonfat dry milk. (e) EFFECTIVE DATE. —This section shall be effective beginning January 1, 2000. SEC. 143. CONSOLIDATION AND REFORM OF FEDERAL MILK MARKET- 7 USC 7253. ING ORDERS. (a) >\MENDMENT OF ORDERS. — (1) REQUIRED CONSOLIDATION.—The Secretary shall amend Federal milk marketing orders issued under section 8c of the Agricultural Adjustment Act (7 U.S.C. 608c), reenacted with amendments by the Agricultural Marketing Agreement Act of 1937, to limit the number of Federal milk marketing orders to not less than 10 and not more than 14 orders. (2) INCLUSION OF CALIFORNIA AS SEPARATE ORDER.— Upon the petition and approval of California dairy producers in the

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