Page:United States Statutes at Large Volume 112 Part 1.djvu/607

 PUBLIC LAW 105-185-JUNE 23, 1998 112 STAT. 581 (i) by inserting after "are necessary to cover" the I following: "for each of the 1999 and subsequent reinsurance years"; and 1 (ii) by striking subparagraph (A) and inserting the following: "(A) the administrative and operating expenses of the Corporation for the sales commissions of agents; and"; and (2) by striking subsection (b) and inserting the following: " (b) PAYMENT OF CORPORATION EXPENSES FROM INSURANCE FUND. — "(1) EXPENSES GENERALLY. —For each of the 1999 and subsequent reinsurance years, the Corporation may pay from the insurance fund established under subsection (c) all expenses of the Corporation (other than expenses covered by subsection (a)(1) and expenses covered by paragraph (2)(A)), including— "(A) premium subsidies and indemnities; "(B) administrative and operating expenses of the Corporation necessary to pay the sales commissions of agents; and "(C) all administrative and operating expense reimbursements due under a reinsurance agreement with an approved insurance provider. "(2) RESEARCH AND DEVELOPMENT EXPENSES. — "(A) IN GENERAL.—For each of the 1999 and subsequent reinsurance years, the Corporation may pay from the insurance fund established under subsection (c) research and development expenses of the Corporation, but not to exceed $3,500,000 for each fiscal year. "(B) DAIRY OPTIONS PILOT PROGRAM.—Amounts necessary to carry out the dairy options pilot program shall not be counted toward the limitation on research and development expenses specified in subparagraph (A).". SEC. 532. BUDGETARY OFFSETS. (a) ADMINISTRATIVE FEE FOR CATASTROPHIC RISK PROTEC- TION.— Section 508(b) of the Federal Crop Insurance Act (7 U.S.C. 1508(b)) is amended by striking paragraph (5) and inserting the following: " (5) ADMINISTRATIVE FEE. — "(A) BASIC FEE.— Each producer shall pay an administrative fee for catastrophic risk protection in an amount equal to 10 percent of the premium for the catastrophic risk protection or $50 per crop per county, whichever is greater, as determined by the Corporation. "(B) ADDITIONAL FEE.— In addition to the amount required under subparagraph (A), the producer shall pay a $10 fee for each amount determined under subparagraph (A). "(C) TIME FOR PAYMENT.—The amounts required under subparagraphs (A) and (B) shall be paid by the producer on the date that premium for a policy of additional coverage would be paid by the producer. "(D) USE OF FEES.— "(i) IN GENERAL.— The amounts paid under this paragraph shall be deposited in the crop insurance fund established under section 516(c), to be available for the programs and activities of the Corporation.

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