Page:United States Statutes at Large Volume 94 Part 2.djvu/1298

 94 STAT. 2576

Loans.

Authority of Agriculture Secretary.

PUBLIC LAW 96-494—DEC. 3, 1980

grain is not used for any other purpose and is not used in any manner that would unduly depress, manipulate, or curtail the free market in such grain. (g) Loans made under this section shall be made subject to such terms and conditions and subject to such security as the Secretary deems appropriate, except that such loans may not be made as nonrecourse loans. (h) In carrying out the processor grain reserve program under this section, the Secretary may— (1) provide for the payment to processors of such amounts as the Secretary determines appropriate to cover the cost of storing grain held in the processor grain reserve, except that in no event may the rate of the payment paid under this clause for any period exceed the rate paid by the Secretary under the producer storage program for the same period; and (2) prescribe conditions under which the Secretary may require processors to repay loans made under this section, plus accrued interest thereon, refund amounts paid to the processors for storage, and require the processors to pay such additional interest and other charges as may be required by regulation in the event any processor fails to abide by the terms and conditions of the loan or any regulation prescribed under this section. (i) The Secretary shall announce the terms and conditions of the processor grain reserve program as far in advance of making loans as practicable. (j) The Secretary may use the facilities of the Commodity Credit Corporation to carry out this section. (k) There are authorized to be appropriated such sums as may be necessary to carry out this section. Any loans made under this section shall be made to such extent and such amounts as provided in appropriation Acts. The authority to make loans under this section shall expire five years after the effective date of this title. STUDY OF THE POTENTIAL FOR EXPANSION OF UNITED STATES AGRICULTURAL EXPORT MARKETS AND THE USE OF AGRICULTURAL EXPORTS IN OBTAINING NEEDED MATERIALS

7 USC 4003.

Report to President and Congress. Contents.

SEC. 210. (a) The Secretary of Agriculture, in consultation with the United States Trade Representative and any other appropriate agency of the United States Government as determined by the Secretary, shall perform a study of the potential for expansion of United States agricultural export markets and the use of agricultural exports in obtaining natural resources or other commodities and products needed by the United States. The Secretary shall complete the study and submit to the President and Congress a report on the study before June 30, 1981. (b) In performing the study, the Secretary shall determine for the next five years— (1) world food, feed, and fiber needs; (2) estimated United States and world food, feed, and fiber production capabilities; (3) potential new or expanded foreign markets for United States agricultural products; (4) the potential for the development of international agreements for the exchange of United States agricultural products for natural resources, including energy sources, or other commodities and products needed by the United States; and

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