Page:United States Statutes at Large Volume 114 Part 3.djvu/1041

 PUBLIC LAW 106-472—NOV. 9, 2000 114 STAT. 2063 "(B) rules to determine security interests of persons affected by this Act. "(i) EXAMINATION AND AUDITS. —In addition to the authority provided under subsection (1), on request of the person, State agency, or commodity exchange, the Secretary may conduct an examination, audit, or similar activity with respect to— "(1) any person that is engaged in the business of storing an agricultural product that is subject to this Act; "(2) any State agency that regulates the storage of an agricultural product by such a person; or "(3) any commodity exchange with regulatory authority over the storage of agricultural products that are subject to this Act. " (j) LICENSES FOR OPERATION OF WAREHOUSES. —The Secretary may issue to any warehouse operator a license for the operation of a warehouse in accordance with this Act if— "(1) the Secretary determines that the warehouse is suitable for the proper storage of the agricultural product or products stored or proposed for storage in the warehouse; and "(2) the warehouse operator agrees, as a condition of the license, to comply with this Act (including regulations promulgated under this Act), " (k) LICENSING OF OTHER PERSONS.— "(1) IN GENERAL.—On presentation of satisfactory proof of competency to carry out the activities described in this paragraph, the Secretary may issue to any person a Federal license— "(A) to inspect any agricultural product stored or handled in a warehouse subject to this Act; "(B) to sample such an agricultural product; "(C) to classify such an agricultural product according to condition, grade, or other class and certify the condition, grade, or other class of the agricultural product; or "(D) to weigh such an agricultural product and certify the weight of the agricultural product. "(2) CONDITION.—As a condition of a license issued under paragraph (1), the licensee shall agree to comply with this Act (including regulations promulgated under this Act). "(1) EXAMINATION OF BOOKS, RECORDS, PAPERS, AND ACCOUNTS.— The Secretary may examine and audit, using designated officers, employees, or agents of the Department, all books, records, papers, and accounts relating to activities subject to this Act of— "(1) a warehouse operator operating a warehouse licensed under this Act; "(2) a person operating a system for the electronic recording and transfer of receipts and other documents authorized by the Secretary; or "(3) any other person issuing receipts or electronic documents authorized by the Secretary under this Act. "(m) COOPERATION WITH STATES.— The Secretary may— "(1) cooperate with officers and employees of a State who administer or enforce State laws relating to warehouses, warehouse operators, weighers, graders, inspectors, samplers, or classifiers; and "(2) enter into cooperative agreements with States to perform activities authorized under this Act. 79-194O-00 -34:QL3Part3

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