§1743 — Title 7 Agriculture | U.S. Code

Summary

The amount held in a commodity set-aside is cut when the government gets rid of those commodities under orders from the President in certain ways. These include seven types of disposals: disaster or other relief outside the United States under the limits of subchapter III of chapter 41; sales or barter to build new or bigger markets under the limits of subchapter II of chapter 41 (including barter for strategic materials); donations to school lunch programs; transfers to the National Defense Stockpile without reimbursement; donations or sales for research, experiments, or education; donations or sales for disaster relief in the United States or to meet a national emergency the President declares; and sales for open use at not less than 105 percent of the parity price (or a price reflecting 105 percent of parity for processed products). If the Commodity Credit Corporation’s stock of a commodity falls below the amount charged to the set-aside because of natural causes or other events beyond the Corporation’s control, the set-aside amount is reduced by that loss.

Title 7, §1743

Agriculture — Source: USLM XML via OLRC

(a)Such commodity set-aside shall be reduced by disposals made in accordance with the directions of the President as follows:

(1)Donation, sale, or other disposition for disaster or other relief purposes outside the United States pursuant to and subject to the limitations of subchapter III of chapter 41 of this title;

(2)Sale or barter (including barter for strategic materials) to develop new or expanded markets for American agricultural commodities, including but not limited to disposition pursuant to and subject to the limitations of subchapter II of chapter 41 of this title;

(3)Donation to school-lunch programs;

(4)Transfer to the National Defense Stockpile established by the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98 et seq.), without reimbursement from funds appropriated for the purposes of that Act;

(5)Donation, sale, or other disposition for research, experimental, or educational purposes;

(6)Donation, sale, or other disposition for disaster relief purposes in the United States or to meet any national emergency declared by the President; and

(7)Sale for unrestricted use to meet a need for increased supplies at not less than 105 per centum of the parity price in the case of agricultural commodities and a price reflecting 105 per centum of the parity price of the agricultural commodity in the case of products of agricultural commodities.

(b)The quantity of any commodity in the commodity set-aside shall be reduced to the extent that the Commodity Credit Corporation inventory of such commodity is reduced, by natural or other cause beyond the control of the Corporation, below the quantity then charged to the commodity set-aside.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Strategic and Critical Materials Stock Piling Act, referred to in subsec. (a), is act

June 7, 1939, ch. 190, as revised generally by Pub. L. 96–41, § 2,

July 30, 1979, 93 Stat. 319, which is classified generally to subchapter III (§ 98 et seq.) of chapter 5 of Title 50, War and National Defense. For complete classification of this Act to the Code, see section 98 of Title 50 and Tables.

Amendments

1979—Subsec. (a). Pub. L. 96–41 substituted “the National Defense Stockpile established by the Strategic and Critical Materials Stock Piling Act (50 U.S.C. 98 et seq.)” for “the national stockpile established pursuant to the Act of

June 7, 1939, as amended,” in par. (4), and in the provisions following par. (7) substituted “the National Defense Stockpile established by the Strategic and Critical Materials Stock Piling Act” for “the national stockpile established pursuant to the Act of

June 7, 1939, as amended,” and “funds appropriated for the purposes of that Act” for “funds appropriated pursuant to section 8 of such Act of

June 7, 1939”.

Statutory Notes and Related Subsidiaries

Change of Name

Technical change in meaning of reference in original act which appears in subsec. (a)(1) as reference to subchapter III of chapter 41 of this title and in subsec. (a)(2) as reference to subchapter II of chapter 41 of this title was directed by section 3001(c) of Pub. L. 110–246, set out as a note under section 1691 of this title.

Executive Documents

Executive Order No. 10601 Ex. Ord. No. 10601, Mar. 21, 1955, 20 F.R. 1761, as amended by Ex. Ord. No. 10773,

July 1, 1958, 23 F.R. 5061; Ex. Ord. No. 10782, Sept. 6, 1958, 23 F.R. 6971; Ex. Ord. No. 11051, Sept. 27, 1962, 27 F.R. 9683; Ex. Ord. No. 12148,

July 20, 1979, 44 F.R. 43239, which provided for administration of the commodity set-aside program, was revoked by Ex. Ord. No. 12553, Feb. 25, 1986, 51 F.R. 7237.

§1743 Reduction of Set-aside