§55315 — Title 46 Shipping | U.S. Code

Summary

Requires a yearly minimum export of farm goods for certain programs. That minimum is the average tons in the 5-year base period (six to two fiscal years prior) after dropping the highest and lowest. The President can waive it if he notifies Congress it can't be used or if the Agriculture Secretary certifies the goods aren't available, including for lack of funds.

Title 46, §55315

Shipping — Source: USLM XML via OLRC

(a)In this section, the term “base period” means the 5-year period running from the sixth through the second prior fiscal years.

(b)For each fiscal year, the minimum quantity of agricultural commodities to be exported under programs specified in section 55314(b) of this title is the average of the tonnage exported under those programs during the base period, discarding the high and low years.

(c)The President may waive the minimum quantity for a fiscal year under this section if the President determines and reports to Congress, together with reasons, that the quantity cannot be used effectively for the purposes of those programs or, based on a certification by the Secretary of Agriculture, that the commodities are not available for reasons that include the unavailability of funds.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 5531546 App.:1241g.June 29, 1936, ch. 858, title IX, § 901c, as added Pub. L. 99–198, title XI, § 1142, Dec. 23, 1985, 99 Stat. 1493. In subsection (b), the words “For fiscal year 1986 and” are omitted as obsolete.

Editorial Notes

Amendments

2012—Subsec. (b). Pub. L. 112–141 substituted “specified in section 55314(b)” for “subject to section 55314”.

§55315 Minimum Tonnage