Page:United States Statutes at Large Volume 95.djvu/1246

 95 STAT. 1220

PUBLIC LAW 97-98—DEC. 22, 1981 milk shall be supported at such level as determined by the Secretary, but not less than $13.25, $14.00, and $14.60, respectively, per hundredweight for milk containing 3.67 per centum milk fat: Provided, That, for each fiscal year during the period beginning October 1, 1982, and ending September 30, 1985, if the Secretary estimates as of the beginning of any such fiscal year that the net cost of Government price support purchases of milk or the products of milk will be less than $1,000,000,000 during the fiscal year, the price of milk shall be supported at such level as determined by the Secretary, but not less than 70 per centum of the parity price therefor as of the beginning of the relevant fiscal year: Provided further, That if the Secretary estimates that net Government price support purchases of milk or the products of milk will be less than 4.0 billion pounds (milk equivalent) in fiscal year 1983; 3.5 billion pounds (milk equivalent) in fiscal year 1984; and 2.69 billion pounds (milk equivalent) infiscalyear 1985, the price of milk shall be supported at such level as determined by the Secretary, but not less than 75 per centum of the parity price therefor as of the beginning of the relevant fiscal year. Such price support shall be provided through the purchase of milk and the products of milk."; and (2) repealing subsection (d). TRANSFER OF DAIRY PRODUCTS TO VETERANS HOSPITALS AND THE MILITARY

7 USC 1446a.

SEC. 104. Section 202 of the Agricultural Act of 1949 is amended by striking out "1981" in subsections (a) and (b) and inserting in lieu thereof "1985". DAIRY INDEMNITY PROGRAM

7 USC 450/.

SEC. 105. Section 3 of the Act of August 13, 1968 (7 U.S.C. 4501), is amended by striking out "1981" and inserting in lieu thereof "1985". REDUCTION OF DAIRY PRODUCT INVENTORIES

7 USC 1446C-1.

SEC. 106. The Secretary of Agriculture shall utilize, to the fullest extent practicable, the authorities under the Commodity Credit 15 USC 714 note. Corporation Charter Act (including exportation of dairy products at not less than prevailing world market prices), the ^ricultural Trade 7 USC 1691 note. Development and Assistance Act of 1954 (Public Law 480), and other authorities available to the Secretary to reduce inventories of dairy products held by the Commodity Credit Corporation so as to reduce net Commodity Credit Corporation expenditures to the estimated outlays for the milk price support program used in developing budget 31 USC 1301 outlays under the Congressional Budget Act of 1974 for the approprinote. atefiscalyear. DAIRY PROGRAM OPERATION REPORT

7usei446c-i note-

SEC. 107. Not later than December 31, 1982, the Secretary of Agriculture shall submit to the House Committee on Agriculture and the Senate Committee on Agriculture, Nutrition, and Forestry a report describing the strengths and weaknesses of existing Federal programs, and the consequences of possible new programs, for controlling or minimizing surpluses of fiuid milk and the products thereof. The report shall include, but need not be limited to, an assessment, on

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