Page:United States Statutes at Large Volume 49 Part 1.djvu/798

 74TH CONGRESS. SESS. I. CH. 641. AUGUST 24, 1935 . 753 determine s will best ef fectuate the declared poli cy of this tit le, that the producer may pledge for production credit in whole or in part his right to any rental or benefit payments under the terms of such agreement and that such producer may designate therein a payee to receive such rental or benefit payments. "(9) Und er regul ations o f the Se cretary of Agric ulture r equiring adequate facilities for the storage of any nonperishable agricultural comm odity on the farm, insp ection and m easur ement of any such commod ity so s tored, a nd the l ocking a nd seali ng there of, and such other regulations as may be prescribed by the Secretary of Agricul- ture for the protection of such commodity and for the marketing thereof, a reasonable percentage of any benefit payment may be advanced on any such commodity so stored. In any such case, such deduction may be made from the amount of the benefit payment as the Se cretary of Agric ulture d etermine s will r easonabl y compen sate for the cost of inspection and sealing but no deduction may be made for interest ." SEC. 3 . The first sentence of subsection (b) of section 12 of the Agricultural Adjustment Act, as amended, is amended to read as follows : " In addition to the foregoing, for the purpose of effectu- ating the declared policy of this title, a sum equal to the proceeds derived from all taxes imposed under this title is hereby appropri- ated to be available to the Secretary of Agriculture for (1) the acquisition of any agricultural commodity pledged as security for any loan made by any Federal agency, which loan was conditioned upon the borrower agreeing or having agreed to cooperate with a program of production adjustment or marketing adjustment adopted under the authority of this title, and (2) the following purposes und er part 2 of this title : Administrative expenses, payments authorized to be made under section 8, and refunds on taxes ." SEC. 4 . Subsection (2) of section 8 of the Agricultural Adjustment Act, as amended, is amended by designating said subsection as section 8b, by inserting said section at the end of section 8a, and by amend- ing the first sentence thereof to read as follows : "In order to effec- tuate the declared policy of this title, the Secretary of Agriculture shall have the power, after due notice and opportunity for hearing, to enter into marketing agreements with processors, producers, associations of producers, and others engaged in the handling of any agricultural commodity or product thereof, only with respect to such handling as is in the current of interstate or foreign commerce or which direct ly burdens, ob structs, or a ffects, inter state or forei gn commerce in such commodity or product thereof ." SEC. 5. The Agricultural Adjustment Act, as amended, is amended by striking out section 8 (3) thereof and by adding after section 8b, the following new section "ORDERS Orders . " SEC. 8c. (1) The Secretary of Agriculture shall, subject to the Aut hori ty to issue. provisions of this section, issue, and from time to time amend, orde rs a ppli cabl e to pro cess ors, ass ocia tion s of pro duce rs, and othe rs engaged in the handling of any agricultural commodity or product thereof spec ified in subse ction (2) of this section. Su ch pe rs on s ar e st ru d andlers" con- referred to in this title as `handlers' . Such orders shall regulate, in the manner hereinafter in this section provided, only such hand- ling of such agricultural commodity, or product thereof, as is in the current of interstate or foreign commerce, or which directly burdens, obstructs, or affects, interstate or foreign commerce in such commodity or product thereof . 104019°-36	48 Benefit payment on stored nonperishable com modity . Deduction of inspec- tion and sealing costs . Vol. 48, p. 38 . C., p. 162. Appropriation . Sum available. Purposes. Vol . 48, pp . 34, 528, 672; U. S. C., p. 158. Marketing agree- ments ; authority to en ter . Vol. 48, p. 35.
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