Page:United States Statutes at Large Volume 99 Part 2.djvu/377

 PUBLIC LAW 99-198—DEC. 23, 1985

99 STAT. 1487

"(C) otherwise promote the export of United States agricultural commodities."; (3) by striking out paragraph (7); (4) by redesignating paragraphs (3) through (6) as paragraphs (4) through (7), respectively; (5) by inserting after paragraph (2) the following new paragraph: "(3) The Secretary is encouraged, to the maximum extent practicable, to finance or guarantee the export sales of agricultural commodities under this subsection to purchasers from— "(A) countries that are previous recipients of credit extended under title I of the Agricultural Trade Development and Assistance Act of 1954 (7 U.S.C. 1701 et seq.); "(B) countries unable, as determined by the Secretary, to utilize other short-term export credit programs offered by the Secretary or the Commodity Credit Corporation; and "(C) countries that are friendly countries, as defined in section 103(d) of such Act (7 U.S.C. 1703(d))."; (6) in paragraph (4) (as redesignated by clause (4))— (A) by inserting "or guarantees" after "financing"; (B) by striking out ' ^ n d " at the end of subparagraph (C); (C) by striking out "credit" in subparagraph (D); (D) by striking out the period at the end of subparagraph (D) and inserting in lieu thereof a semicolon; and (E) by adding at the end thereof the following new subparagraphs: "(E) to finance the importation of agricultural commodities by developing nations for use in meeting their food and fiber needs; and "(F) otherwise to promote the export sales of agricultural commodities."; (7) in paragraph (5) (as redesignated by clause (4))— (A) by inserting "or guarantees after "financing"; and (B) by striking out "to encourage credit competition, or"; (8) in paragraph (6) (as redesignated by clause (4))— (A) by inserting "(A)" aiter the paragraph designation; (B) by redesignating subparagraphs (A) and (B) as clauses (i) and (ii), respectively; (C) by amending clause (i) (as redesignated) to read as follows: "(i) Repa3mient shall be in dollars with interest at a rate determined by the Secretary."; and (D) by adding at the end thereof the following new subparagraph: "(B) Contracts of guarantee under this subsection shall contain Contracts. such terms and conditions as the Commodity Credit Corporation shall determine."; (9) by inserting "or guarantees" after "financing" in paragraph (7) (as redesignated by clause (4)); (10) by inserting "or guaranteed" aJter "financed" in paragraph (8); and (11) by adding at the end thereof the following new paragraph: "(10) For purposes of guaranteeing export sales under this subsection, the Commodity Credit Corporation shall make available— "(A) for each of the fiscal years ending September 30, 1986, through September 30, 1988, not less than $500,000,000; and

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