Page:United States Statutes at Large Volume 92 Part 1.djvu/295

 PUBLIC LAW 9 5 - 2 7 9 - - M A Y 15, 1978 announced between such average Northern E u r o p e price quotation of such quality of cotton and the market quotations in the designated United States spot markets for Strict Low Middling one and onesixteenth inch cotton (micronaire 3.5 through 4.9)): Provided, That in no event shall such loan level be less than 48 cents per pound. If for any crop the average Northern E u r o p e price determined under clause (ii) of the first sentence of this paragraph is less than the average United States spot market price determined under clause (i) of the first sentence of this paragraph, the Secretary may, notwithstanding the foregoing provisions of this paragraph, increase the loan level to such level as the Secretary may deem appropriate, not in excess of the average United States spot market price determined under clause (i) of the first sentence of this paragraph.". SEC. 103. Sections 101 and 102 of this title shall become effective October 1, 1978, and any producers who, prior to such date, receive loans and payments on the 1978 crop of the commodity as computed under the Agricultural Act of 1949, as amended by the Food and Agriculture Act of 1977, may elect after September 30, 1978, to receive loans and payments as computed under this title.

92 STAT. 241

Effective date. 7 USC 1309 note. 7 USC 1421 note. 7 USC 1281 note.

TITLE II—AGRICULTURAL COMMODITIES UTILIZATION PROGRAM SEC. 201. Title I of the Agricultural Act of 1949 is amended by addinsf at the end thereof a new section 112 as follows: u AGRICULTURAL COMMODITIES UTILIZATION PROGRAM

7 USC 1445g. " SEC. 112. Notwithstanding any other provision of this Act— " (a) The Secretary may permit, subject to such terms and conditions as the Secretary may prescribe, all or any part of the acreage set aside or diverted from the production of a commodity for any crop year under this title to be devoted to the production of any commodity (other than the commodities for which acreage is being set aside or diverted) for conversion into industrial hydrocarbons and blending with gasoline or other fossil fuels for use as motor or industrial fuel, if the Secretary determines that such production is desirable in order to provide an adequate supply of commodities for such purpose, is not likely to increase the cost of the price support programs, and will not adversely affect farm income. " (b)(1) IDuring any year in which there is no set-aside or diversion of acreage under this title, the Secretary may formulate and administer a program for the production, subject to such terms and conditions as the Secretary may prescribe, of commodities for conversion

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