Page:United States Statutes at Large Volume 87.djvu/261

 87 STAT. ]

PUBLIC LAW 93-86-AUG. 10, 1973

therefrom in the channels of trade on July 1, 1973, from the marketing restrictions in subsection (b) of section 379d, or to sell certificates to persons owning such wheat or food products made therefrom at such price and under such terms and conditions as the Secretary may determine. Any such certificate shall be issued by the Commodity Credit Corporation. Nothing herein shall authorize the Secretary to require certificates on wheat processed after June 30, 1973."

229

78 Stat. isi; 7 y^^ i379d.

SUSPENSION OF W H E A T MARKETING QUOTAS (11) Section 404 is amended by striking "1971, 1972, and 1973"' J^ylc'lsaf-^' wherever it appears and inserting "1971 through 1977", and by strik- 1339, 1378, 1379, ing "1972 and 1973" and inserting "1972 through 1977". lass and notes.

STATE AGENCY ALLOTMENTS, YIELD CALCULATIONS (12)(a) Section 405 is amended by striking out "1971, 1972, and g/stal^^uee^."' 1973" and inserting "1971 through 1977"; and by repealing paragraph 7 USC 1305'and (2) effective with the 1974 crop; by inserting " (a) " after the section note. designation; by changing the period and quotation mark at the end of the section to a semicolon; and by adding at the end of the section the following: "(b) Effective with respect to the 1974 through 1977 crops, section 1205. 301(b) (13)(K) of the Agricultural Adjustment Act of 1938 is 79uStat. 1301. 7 se amended by adding after 'three calendar years' the following: '(five calendar years in the case of wheat)', and section 708 of Public Law 89-321 is amended by inserting in the second sentence after 'determin- 7^,1*^*1306 ^" ing the projected yield' the following '(except that in the case of wheat, if the yield is abnormally low in any one of the calendar years of the base period because of drought, flood, or other natural disaster, the Secretary shall take into account the actual yield proved by the producer in the other four years of such base period)'." SUSPENSION OF QUOTA PROVISIONS (13) Section 406 is amended by striking out "1971, 1972, and 1973" Vsc'lsso^' and inserting "1971 through 1977". note, 1340 note,

REDUCTION IN WHEAT STORED TO AVOID PENALTY (14) Section 407 of the Agricultural Act of 1970 is amended by adding at the end thereof the following: "Notwithstanding the foregoing, the Secretary may authorize release of wheat stored by a producer under section 379c(b) of the Agricultural Adjustment Act of 1938, as amended, prior to the 1971 crop, whenever he determines such release will not significantly affect market prices for wheat. As a condition of release, the Secretary may require a refund of such portion of the value of certificates received in the crop year the excess wheat was produced as he deems appropriate considering the period of time the excess wheat has been in storage and the need to provide fair and equitable treatment among all wheat program participants.".

7 USC

1379c

ote.

Ante,

p. 2 2 7.

APPLICATION O F THE A G R I C U L T U R A L ACT O F 1949 (15) Section 408 is amended by striking out "1971, 1972, and 1973"?Vsc*li2\Vnd and inserting "1971 through 1977". note.

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