Page:United States Statutes at Large Volume 93.djvu/401

 PUBLIC LAW 96-53—AUG. 14, 1979

93 STAT. 369

INCENTIVES FOR ENTERING INTO FOOD FOR DEVELOPMENT PROGRAMS

SEC. 204. (a) Section 301(a) of the Agricultural Trade Development 7 USC 1727. and Assistance Act of 1954 is amended— (1) in the first sentence, by inserting ", or the dollar sales value of the commodities themselves," immediately after "the local sale of such commodities"; and (2) in the second sentence, by striking out "of funds from the sale of such commodities in the participating country" and inserting in lieu thereof "in the participating country of funds from the sale of such commodities or of the commodities themselves". 955. (b) Section 305 of such Act is amended by adding at the end thereof 92uStat. 1727d. 7 se the following new subsection: "(c) When agricultural commodities made available under this title are used by the participating country in development projects in accordance with the applicable Food for Development Program, the dollar sales value of such commodities shall be applied, in accordance with subsections (a) and (b) of this section, against repayment obligations of that country under this Act, with the value of the commodities so used being deemed to be disbursements made at the time of such use.". (c) Section 303(a) of such Act is amended by striking out "for each 7 USC I727b year such funds are to be disbursed" in the second sentence. PARTICIPATION OF AMERICAN AGRICULTURE IN FOOD FOR DEVELOPMENT PROGRAMS

SEC. 205. Section 302(c) of the Agricultural Trade Development and Assistance Act of 1954 is amended by adding at the end thereof the 7 USC 1727a. following new paragraph: "(4) In developing and carrying out Food for Development Programs under this title, consideration shall be given to using the capability and expertise of American agriculture, in partnership with indigenous individuals and organizations, in furthering economic development and increased food production.". FULL FORGIVENESS OF REPAYMENT OBLIGATIONS UNDER FOOD FOR DEVELOPMENT PROGRAMS

SEC. 206. Section 305(a) of the Agricultural Trade Development and Assistant Act of 1954 is amended by adding at the end thereof the following: "Disbursements of funds from the special account in an amount equivalent to the dollar value of the credit furnished by the Commodity Credit Corporation under section 304(a) shall be deemed to be payment of all installments of principal and interest payable thereon for the commodities purchased by the participating country for purposes of this title.".

92 Stat. 955. 7 USC 1727d.

REPORTS UNDER TITLE III

SEC. 207. (a) Section 306 of the Agicultural Trade Development and Assistance Act of 1954 is amended by inserting in the first sentence 7 USC I727e "a detailed description of how the commodities were used or" immediately before "a specific". (b) The first sentence of section 307(a) of such Act is amended to Annual Presidential read as follows: "Each year the President shall review all agreements review. providing for the use under this title of the proceeds from the sale of 7 USC 1727f. agricultural commodities, or of the commodities themselves, with

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