Page:United States Statutes at Large Volume 99 Part 2.djvu/338

 99 STAT. 1448 Loans.

PUBLIC LAW 99-198—DEC. 23, 1985

"(2) The amount of such certificates shall be equal to the amount of the interest paid by the producer on such loan. "(3) Such certificate shall be redeemable in wheat, feed grains, upland cotton, or rice, as the case may be, owned by the Commodity Credit Corporation. "(4) The issuance of such certificate shall be subject to the availability of commodities owned by the Corporation.". ^

7 USC 1445b-4. Loans.

7 USC 1445e.

Regulations.

-VI,

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PAYMENTS IN COMMODITIES

SEC. 1005. The Agricultural Act of 1949 (7 U.S.C. 1421 et seq.) is amended by inserting after section 107D (as added by section 308 of this Act) the following new section: "SEC. 107E. (a) In making in-kind payments under any of the annual programs for wheat, feed grains, upland cotton, or rice (other than negotiable marketing certificates for upland cotton or rice), the Secretary may— "(1) acquire and use like commodities that have been pledged to the Commodity Credit Corporation as security for price support loans, including loans made to producers under section 110; and "(2) use other like commodities owned by the Commodity Credit Corporation. "(b) The Secretary may make in-kind payments— "(1) by delivery of the commodity to the producer at a warehouse or other similar facility, as determined by the Secretary; "(2) by the transfer of negotiable warehouse receipts; "(3) by the issuance of negotiable certificates which the Commodity Credit Corporation shall redeem for a commodity in accordance with regulations prescribed by the Secretary; or "(4) by such other methods as the Secretary determines appropriate to enable the producer to receive payments in an efficient, equitable, and expeditious manner so as to ensure that the producer receives the same total return as if the pa5anents had been made in cash.". c...-,, WHEAT AND FEED GRAIN EXPORT CERTIFICATE PROGRAMS

7 USC 1445b-5.

Loans. Ante, pp. 1383, 1395.

SEC. 1006. Effective for the 1986 through 1990 crops of wheat and feed grains, the Agricultural Act of 1949 (7 U.S.C. 1421 et seq.) is amended by inserting after section 107F (as added by section 1005 of this Act), the following new section: "SEC. 107F. (a)(l) The Secretary may establish a program, applicable to any of the 1986 through 1990 crops of wheat or feed grains, to provide incentives for the export of any of such crops of wheat and feed grains from private stocks. The program for any such crop established under this subsection by the Secretary shall include the following terms: "(A) The Secretary shall issue wheat or feed grain export certificates to producers to whom the Secretary makes loans and payments under section 107D or 105C, respectively, for a crop if such producers comply with the terms and conditions of the program for such crop. "(B) Each such certificate shall bear a monetary denomination and a designation specifying a quantity of the crop of the commodity involved, selected by the Secretary. . ^.u

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