Title 7 — AgricultureRelease 119-73
§1747 Authorization of appropriations; determination of value of transferred commodity
Title 7 › Chapter CHAPTER 42— - AGRICULTURAL COMMODITY SET-ASIDE › § 1747
Summary
Congress may provide funds to pay the Commodity Credit Corporation for any commodities moved into the national stockpile under the law that allows those transfers. The payment must be the smaller of two amounts: the U.S. market price on the day the commodity is transferred, or what the Commodity Credit Corporation spent on it, as decided by the Secretary of Agriculture.
Full Legal Text
Title 7, §1747
Agriculture — Source: USLM XML via OLRC
In order to make payment to the Commodity Credit Corporation for any commodities transferred to the national stockpile pursuant to section 1743(a)(4) of this title, there are authorized to be appropriated amounts equal to the value of any commodities so transferred. The value of any commodity so transferred, for the purpose of this section, shall be the lower of the domestic market price or the Commodity Credit Corporation’s investment therein as of the date of transfer to the stockpile, as determined by the Secretary of Agriculture
Reference
Citations & Metadata
Citation
7 U.S.C. § 1747
Title 7 — Agriculture
Last Updated
Apr 6, 2026
Release point: 119-73