19 U.S.C. § 3624: Additional program funding

Summary

The Commodity Credit Corporation must use extra funds to help exports, grow foreign markets, provide export credit, and support the development, sale, and marketing of products made from new uses of farm commodities, if the President says this fits U.S. obligations under the Uruguay Round Agreements. In fiscal year 1995, money equal to the smaller of two Pay‑As‑You‑Go savings — the fiscal year 1995 savings or the five‑year savings under section 902 of title 2 that came from the Federal Crop Insurance Reform Act of 1994 — must be put into the Commodity Credit Corporation. This took effect on December 8, 1994.

Title 19, §3624

Customs Duties, Source: USLM XML via OLRC

(a)Use of additional funds

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)Amount of additional funds

Amounts shall be credited to the Commodity Credit Corporation in fiscal year 1995 equal to the lesser of the dollar amount of— (1)

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

under section 902 of title 2, resulting from the enactment of the Federal Crop Insurance Reform Act of 1994.

(c)Effective date

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