Page:United States Statutes at Large Volume 89.djvu/912

 89 STAT. 852

PUBLIC LAW 94-161—DEC. 20, 1975 rOREIGN CUKRENCIES FROM OVERSEAS SALES

7 USC 1704.

Repeal.

SEC. 204. Section 104 of the Agricultural Trade Development and Assistance Act of 1954 is amended— (1) by inserting immediately after "the House Committee on Agriculture" each time it appears "and the House Committee on International Relations"; (2) by inserting immediately after "the Senate Committee on Agriculture and Forestry" each time it appears "and the Senate Committee on Foreign Relations"; and (3) by repealing subsection (c). USE B T FOREIGN" COUNTRIES OE PROCEEDS OF SALES OF AGRICULTURAL COMMODITIES

7 USC 1706.

7 USC 1736.

7 USC 1709. 22 USC 2151a, 2151b. 7 USC 1703.

7 USC 1736b. 22 USC 2417.

SEC. 205. Section 106(b) of the Agricultural Trade Development and Assistance Act of 1954 is amended— (1) by inserting " (1)" immediately after " (b) "; (2) by adding at the end thereof: "In negotiating such agreements with recipient countries, the United States shall emphasize the use of such proceeds for purposes which directly improve the lives of the poorest of their people and their capacity to participate in the development of their countries."; and (3) by adding at the end thereof the following new paragraphs: "(2) Greatest emphasis shall be placed on the use of such proceeds to carry out programs of agricultural development, rural development, nutrition, and population planning, and to carry out the program described in section 406(a)(1) of this Act, in those countries which are undertaking self-help measures to increase agricultural production, improve storage, transportation, and distribution of commodities, and reduce population growth in accordance with section 109 of this Act, and which programs are directed at and likely to achieve the policy objectives of sections 103 and 104 of the Foreign Assistance Act of 1961 and are consistent with the policy objectives of this Act, pursuant to agreements between the United States and foreign governments under which uses of such proceeds shall be made for such purposes. Such uses shall be deemed payments for the purpose of section 103(b) of this Act, except that for any fiscal year the total value of such payments may not exceed 15 per centum of the total value of all agreements entered into under title I of this Act for such fiscal year. Such payments shall be described in the reports required by section 408 of this Act and section 657 of the Foreign Assistance Act of 1961. "(3) In entering into agreements for the sale of agricultural commodities for dollars on credit terms under this title, priority shall be given to countries which agree to use the proceeds from the sale of the commodities in accordance with the country's agricultural development plan which— "(A) is designed to increase the access of the poor in the recipient country to an adequate, nutritious, and stable food supply; _ ^ "(B) provides for such objectives as— "(i) making farm production equipment and facilities available to farmers, "(ii) credit on reasonable terms and conditions for small farmers, and

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