Page:United States Statutes at Large Volume 99 Part 2.djvu/360

 99 STAT. 1470

Prohibition.

Regulations.

Regulations. Reports.

Commerce and trade.

PUBLIC LAW 99-198—DEC. 23, 1985

"(E) Sales and barter to cover expenses incurred under paragraph (5)(a). No portion of the proceeds or services realized from sales or barter under this paragraph may be used to meet operating and overhead expenses, except as otherwise provided in subparagraph (C) and except for personnel and administrative costs incurred by local cooperatives. "(SKA) To the maximum extent practicable, expedited procedures shall be used in the implementation of this subsection. "(B) The Secretary shall be responsible for regulations governing sales and barter, and the use of foreign currency proceeds, under paragraph (7) of this subsection that will provide reasonable safeguards to prevent the occurrence of abuses in the conduct of activities provided for in paragraph (7). "(9)(A) Each recipient of commodities and products approved for sale or barter under paragraph (7) shall report to the Secretary information with respect to the items required to be included in the Secretary's report pursuant to clauses (i) through (iv) of subparagraph (B). Reports pursuant to this subparagraph shall be submitted in accordance with regulations of the Secretary. Such regulations shall require at least one report annually, to be submitted not later than December 31 following the end of the fiscal year in which the commodities and products are received; except that a report shall not be required with respect to fiscal year 1985. "(B) Not later than February 15, 1987, and annually thereafter, the Secretary shall report to tihe Congress on sales and barter, and use of foreign currency proceeds, under paragraph (7) during the preceding fiscal year. Such report shall include information on— "(i) the quantity of commodities furnished for such sale or barter; "(ii) the amount of funds (including dollar equivalents for foreign currencies) and value of services generated from such sales and barter in such fiscal year; "(iii) how such funds and services were used; "(iv) the amount of foreign currency proceeds that were used under agreements under subparagraph (D) of paragraph (7) in such fiscal year, and the percentage of the quantity of all commodities and products furnished under this subsection in such fiscal year such use represented; "(v) the Secretary's best estimate of the amount of foreign currency proceeds that will be used, under agreements under subparagraph (D) of paragraph (7), in the then current fiscal year and the next following fiscal year (if all requests for such use are agreed to), and the percentage that such estimated use represents of the quantity of all commodities and products that the Secretary estimates will be furnished under this subsection in each such fiscal year; "(vi) the effectiveness of such sales, barter, and use during such fiscal year in facilitating the distribution of commodities and products under this subsection; "(vii) the extent to which sales, barter, or uses— "(I) displace or interfere with commercial sales of United States agricultural commodities and products that otherwise would be made, "(II) affect usual marketings of the United States, "(III) disrupt world prices of agricultural commodities or normal patterns of trade with friendly countries, or

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