Page:United States Statutes at Large Volume 91.djvu/991

 PUBLIC LAW 95-113—SEPT. 29, 1977

91 STAT. 957

(2) adding at the end thereof a new subsection (b) as follows: "(b) Notwithstanding any other provision of law, in determining the reimbursement due the Commodity Credit Corporation for all costs incurred under this Act, commodities from the Commodity Credit Corporation inventory, which were acquired under a domestic price support program, shall be valued at the export market price therefor, as determined by the Secretary of Agriculture, as of the time the commodity is made available under this Act.". REVISED REGULxVTIONS GOVERNING OPERATIONS; BAGGED COMMODITIES

SEC. 1207. Section 408 of the Agricultural Trade Development and Assistance Act of 1954, as amended, is amended by adding at the end thereof new subsections (d) and (e) as follows: "(d)(1) Not later than six months following the date of enactment of this subsection, and at each two-year interval thereafter, the Secretary of Agriculture shall issue revised regulations governing all operations under title I of this Act, including operations relating to purchasing countries, suppliers of commodities or ships, and purchasing or shipping agents. The regulations shall include, but not be limited to, prohibitions against conflicts of interest, as determined by the Secretary, between (A) recipient countries (or other purchasing entities) and their agents, (B) suppliers of commodities, (C) suppliers of ships, and (D) other shipping interests. "(2) The regulations shall be designed to encourage an increase in the number of exporters participating in the program. "(3) All revised regulations governing operations under title I and title III of this Act shall be transmitted to Congress by the Secretary as soon as practicable after their issuance. "(e) Bagged commodities for the purpose of financing by the Commodity Credit Corporation under this Act may, subject to regulations issued by the Secretary of Agriculture, be considered 'exported' upon delivery at port, and upon presentation of a dock receipt in lieu of an on-board bill of lading.".

7 USC 1736b.

Transmittal to Congress. 7 USC 1701, 1427.

EXTENSION OF THE PROGRAM

SEC. 1208. Section 409 of the Agricultural Trade Development and Assistance Act of 1954, as amended, is amended by striking out "1977." and inserting in lieu thereof the following: "1981. New spending authority provided for title I of this Act by the amendment to this section made by the Food and Agriculture Act of 1977 shall be effective for any fiscal year only to such extent or in such amounts as are provided in appropriation Acts.".

7 USC 1736c.

USE o r NONPRICE-SUPPORTED COMMODITIES UNDER PUBLIC LAW 4 8 0

SEC. 1209. I t is the sense of Congress that there be no discrimination 7 USC 1691 note, between "price-supported" and "nonprice-supported" commodities in the programing of commodities under the Agricultural Trade Devel7 USC 1691 et opment and Assistance Act of 1954, as amended (Public Law 480). seq. SPECIAL TASK FORCE ON THE OPERATION OF PUBLIC LAW 4 8 0

SEC. 1210. (a) It is the sense of Congress that attention be given 7 USC 1691 note. to handling, storage, transportation, and administrative procedures in order to make improvements in the operation of the Agricultural

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