Page:United States Statutes at Large Volume 99 Part 2.djvu/272

 99 STAT. 1382 •

Effective date.

Prohibition.

PUBLIC LAW 99-198—DEC. 23, 1985

"(i) A person liable for the payment or collection of a penalty on any quantity of wheat shall be liable also for interest thereon from the date the penalty becomes due until the date of payment of such penalty at a rate per annum equal to the rate of interest that was charged the Commodity Credit Corporation by the Treasurer of the United States on the date such penalty became due. "(j)(1) If marketing quotas for wheat are not in effect for any marketing year, all previous marketing quotas applicable to wheat shall be terminated, effective as of the first day of such marketing year. "(2) Such termination shall not— "(A) abate any penalty previously incurred by a producer; or "(B) relieve any buyer of the duty to remit penalties previously collected.". REFERENDUM

Ante, p. 119.

SEC. 306. Effective only for the 1987 through 1990 crops of wheat, section 336 of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1336) is amended to read as follows: "REFERENDUM

"SEC. 336. (a) If a national marketing quota for wheat for the marketing quota period is proclaimed, not later than August 1, 1986, the Secretary shall conduct, by mail ballot, a referendum of eligible producers to determine whether they favor or oppose marketing quotas for such period. "(b) Any producer who produced wheat on a farm during at least one of the crop years of the base period shall be eligible to vote in the referendum. "(c) Not later than 30 days after the conduct of such referendum, the Secretary shall proclaim the results of such referendum. "(d) If the Secretary determines that 60 percent or more of the producers voting in the referendum approve marketing quotas, the Secretary shall proclaim that marketing quotas will be in effect for the marketing quota period.''. TRANSFER OF FARM MARKETING QUOTAS

SEC. 307. Effective only for the 1987 through 1990 crops of wheat, section 338 of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1338) is amended to read as follows: TRANSFER OF FARM MARKETING QUOTAS

Prohibition. Regulations.

"SEC. 338. (a) Except as provided in subsection (b), farm marketing quotas shall not be transferable. "(b) In accordance with regulations prescribed by the Secretary for such purpose— "(1) the farm marketing quota for a farm for any marketing year, or any portion thereof, may be voluntarily surrendered to the Secretary by the producer; and "(2) the Secretary may reallocate any farm marketing quotas so surrendered to other farms having farm marketing quotas on such basis as the Secretary may determine.".

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