Page:United States Statutes at Large Volume 99 Part 2.djvu/363

 PUBLIC LAW 99-198—DEC. 23, 1985

99 STAT. 1473

(2) Notwithstanding any other provision of law, the Commodity Credit Corporation may use funds appropriated to carry out title I of the Agricultural Trade Development and Assistance Act of 1954 in carrying out this section with respect to commodities made available under that Act. (8) The Commodity Credit Corporation may finance the sale and exportation of commodities, made available under the Agricultural Trade Development and Assistance Act of 1954, which are furnished to a developing country under this section. Payment by a developing country for commodities made available under that Act which are purchased on credit terms under this section shall be on the same basis as the terms provided in section 106 of that Act. (4) In the case of commodities made available under the Agricultural Trade Development and Assistance Act of 1954 for purposes of this section, section 203 of that Act shall apply to commodities furnished on a grant basis to a developing country under this section and section 401(b) of that Act shall apply to all commodities furnished to a developing country under this section. (fKD Commodities made available under section 416(b) of the Agricultural Act of 1949 for use in carrying out this section shall be provided to developing countries on a grant basis. (2) Not less than 75,000 metric tons shall be made available pursuant to section 416(b)(10XC) of the Agricultural Act of 1949 to carry out this section unless the President determines there are an insufficient number of eligible recipients. (3) In carrying out section 416(b) of the Agricultural Act of 1949, the Commodity Credit Corporation may purchase commodities for use under this section if— (A) the Commodity Credit Corporation does not hold stocks of such commodities; or (B) Commodity Credit Corporation stocks are insufficient to satisfy commitments made in agreements entered into under this section and such commodities are needed to fulfill such commitments. (4) No funds of the Commodity Credit Corporation in excess of $30,000,000 (exclusive of the cost of commodities) may be used to carry out this section with respect to commodities made available under section 416(b) of the Agricultural Act of 1949 unless authorized in advance in appropriation Acts. (5) The cost of commodities made available under section 416(b) of the Agricultural Act of 1949 which are furnished under this section, and the expenses incurred in connection with furnishing such commodities, shall be in addition to the level of assistance programmed under the Agricultural Trade Development and Assistance Act of 1954 and may not be considered expenditures for international affairs and finance. (g) Not more than 500,000 metric tons of commodities may be furnished under this section in each of the fiscal years 1986 through 1990. (h) An agreement entered into under this section shall prohibit the resale or transshipment of the commodities provided under the agreement to other countries. (i) In entering into agreements under this section, the President shall take reasonable steps to avoid displacement of any sales of United States commodities that would otherwise be made to such countries.

7 USC 1701.

7 USC 1691 note.

7 USC 1706. 7 USC 1723. 7 USC 1731. Ante, p. 271.

Securities, contracts.

Prohibition.

Prohibition.

Prohibition. Prohibition. President of U.S.

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