Page:United States Statutes at Large Volume 110 Part 1.djvu/976

 110 STAT. 952 PUBLIC LAW 104-127—APR. 4, 1996 "(3) demonstrate the greatest need for food. "(b) PRIVATE ENTITIES.— An agreement entered into under this title with a private entity shall require such security, or such other provisions as the Secretary determines necessary, to provide reasonable and adequate assurance of repayment of the financing extended to the private entity. " (c) AGRICULTURAL MARKET DEVELOPMENT PLAN. — " (1) DEFINITION OF AGRICULTURAL TRADE ORGANIZATION. — In this subsection, the term 'agricultural trade organization' means a United States agricultural trade organization that promotes the export and sale of a United States agricultural commodity and that does not stand to profit directly from the specific sale of the commodity. "(2) PLAN.—The Secretary shall consider a developing country for which an agricultural market development plan has been approved under this subsection to have the demonstrated potential to become a commercial market for competitively priced United States agricultural commodities for the purpose of granting a priority under subsection (a). " (3) REQUIREMENTS.— "(A) IN GENERAL. —To be approved by the Secretary, an agricultural market development plan shall— "(i) be submitted by a developing country or private entity, in conjunction with an agricultural trade organization; "(ii) describe a project or program for the development and expansion of a commercial market for a United States agricultural commodity in a developing country, and the economic development of the country, using funds derived from the sale of agricultural commodities received under an agreement described in section 101; "(iii) provide for any matching funds that are required by the Secretary for the project or program; "(iv) provide for a results-oriented means of measuring the success of the project or program; and "(v) provide for graduation to the use of non-Federal funds to carry out the project or program, consistent with requirements established by the Secretary. " (B) AGRICULTURAL TRADE ORGANIZATION. —The project or program shall be designed and carried out by the agricultural trade organization. "(C) ADDITIONAL REQUIREMENTS. —An agricultural market development plan shall contain such additional requirements as are determined necessary by the Secretary. " (4) ADMINISTRATIVE COSTS.— "(A) IN GENERAL. — The Secretary may make funds made available to carry out this title available for the reimbursement of administrative expenses incurred by agricultural trade organizations in developing, implementing, and administering agricultural market development plans, subject to such requirements and in such amounts as the Secretary considers appropriate. "(B) DURATION.— The funds may be made available to agricultural trade organizations for the duration of the applicable agricultural market development plan.

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