§3624 — Title 19 Customs Duties | U.S. Code

Summary

The Commodity Credit Corporation must use extra funds from subsection (b) to support export promotion, build foreign markets, provide export credit, and help develop and market new products from farm commodities, if the President says this matches U.S. obligations under the Uruguay Round Agreements. In fiscal year 1995, the Corporation is credited an amount equal to the smaller of the fiscal year 1995 Pay‑As‑You‑Go savings or the 5‑year Pay‑As‑You‑Go savings. This took effect on December 8, 1994.

Title 19, §3624

Customs Duties — Source: USLM XML via OLRC

(a)Consistent, as determined by the President, with the obligations undertaken by the United States set forth in the Uruguay Round Agreements, the Commodity Credit Corporation shall use, in addition to any other funds appropriated or made available for such purposes, any funds made available under subsection (b) for authorized export promotion, foreign market development, export credit financing, and promoting the development, commercialization, and marketing of products resulting from alternative uses of agricultural commodities.

(b)Amounts shall be credited to the Commodity Credit Corporation in fiscal year 1995 equal to the lesser of the dollar amount of—

(1)the fiscal year 1995 Pay-As-You-Go savings; and

(2)the 5-year Pay-As-You-Go savings;

(c)This section shall take effect on December 8, 1994.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Federal Crop Insurance Reform Act of 1994, referred to in subsec. (b), is title I of Pub. L. 103–354, Oct. 13, 1994, 108 Stat. 3179. For complete classification of this Act to the Code, see

Short Title

of 1994 Amendment note set out under section 1501 of Title 7, Agriculture, and Tables.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective on the date of entry into force of the WTO Agreement with respect to the United States (Jan. 1, 1995), except as otherwise provided, see section 451 of Pub. L. 103–465, set out as a note under section 3601 of this title.

§3624 Additional program funding