Page:United States Statutes at Large Volume 110 Part 1.djvu/983

 PUBLIC LAW 104-127—APR. 4, 1996 110 STAT. 959 "SEC. 416. USE OF CERTAIN LOCAL CURRENCY. "Local currency payments received by the United States pursuant to agreements entered into under title I (as in effect on November 27, 1990) may be utilized by the Secretary in accordance with section 108 (as in effect on November 27, 1990).". SEC. 224. FARMER -TO-FARMER PROGRAM. Section 501 of the Agricultural Trade Development and Assistance Act of 1954 (7 U.S.C. 1737) is amended— (1) in subsection (a), by striking paragraph (6) and inserting the following: "(6) to the extent that local currencies can be used to meet the costs of a program established under this section, augment funds of the United States that are available for such a program through the use of foreign currencies that accrue from the sale of agricultural commodities under this Act, and local currencies generated from other types of foreign assistance activities, within the country where the program is being conducted."; and (2) in subsection (c)— (A) by striking "0.2" and inserting "0.4"; (B) by striking "1991 through 1995" and inserting "1996 through 2002"; and (C) by striking "0.1" and inserting "0.2". SEC. 225. FOOD SECURITY COMMODITY RESERVE. (a) IN GENERAL.— Title III of the Agricultural Act of 1980 (7 U.S.C. 1736f-l et seq.) is amended to read as follows: "TITLE III—FOOD SECURITY COMMODITY RESERVE "SEC. 301. SHORT TITLE. "This title may be cited as the 'Food Security Commodity Reserve Act of 1996'. "SEC. 302. ESTABLISHMENT OF COMMODITY RESERVE. "(a) IN GENERAL.—To provide for a reserve solely to meet emergency humanitarian food needs in developing countries, the Secretary of Agriculture (referred to in this title as the 'Secretary') shall establish a reserve stock of wheat, rice, corn, or sorghum, or any combination of the commodities, totaling not more than 4,000,000 metric tons for use as described in subsection (c). " (b) COMMODITIES IN RESERVE. — "(1) IN GENERAL. —The reserve established under this section shall consist of— "(A) wheat in the reserve established under the Food Security Wheat Reserve Act of 1980 as of the date of enactment of the Federal Agriculture Improvement and Reform Act of 1996; "(B) wheat, rice, corn, and sorghum (referred to in this section as 'eligible commodities') acquired in accordance with paragraph (2) to replenish eligible commodities released from the reserve, including wheat to replenish wheat released from the reserve established under the Food Security Wheat Reserve Act of 1980 but not replen- 7 USC 1736g-3. Food Security Commodity Reserve Act of 1996. 7 USC 1736f-l note. 7 USC 1736f-L

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