Authority of Commodity Credit Corporation; terms and conditions established by Secretary; fuel prices
1
Feasibility of processing
In determining the feasibility of providing for the processing of Commodity Credit Corporation stocks of commodities under subsection (a), the Secretary shall consider the nature of the commodities, and the acquisition, transportation, handling, storage, interest, and other costs associated with acquiring and maintaining such stocks, including the effect of such stocks in depressing commodity prices, as well as the value and utility of such stocks when processed into liquid fuels and agricultural commodity byproducts.
Oct. 31, 1949, ch. 792Pub. L. 97–358, § 296 Stat. 1714Pub. L. 99–198, title X, § 102499 Stat. 1460(, title IV, § 423, as added , , ; amended , , .)
Editorial Notes
Codification
section 3003 of Pub. L. 104–66section 1113 of Title 31Subsection (c), which required the Secretary to report annually to Congress on the operation of this section, terminated, effective , pursuant to , as amended, set out as a note under , Money and Finance. See, also, page 46 of House Document No. 103–7.
Amendments
Pub. L. 99–1981985—Subsec. (a). substituted provision authorizing the Corporation to make its accumulated agricultural commodities stocks available at no cost or reduced cost to encourage the purchase thereof for the production of liquid fuels and commodity byproducts, with any use of such commodities to be made in such a manner as to encourage increased use and avoid displacing usual marketings of such commodities for provision authorizing the Corporation to provide for processing of its accumulated stock into liquid fuels and commodity byproducts to be either made available to Federal agencies to meet their regular or emergency needs or to be sold commercially by the Corporation, at a price determined by the Secretary notwithstanding any other provisions of law and in a manner so as not to disrupt the prices in commercial markets of agriculturally-derived liquid fuel.
Statutory Notes and Related Subsidiaries
Inapplicability of Section
section 9092(b)(10) of this titleSection inapplicable to 2014 through 2018 crops of covered commodities, cotton, and sugar and inapplicable to milk during period beginning , through , see .
section 8782(b)(10) of this titleSection inapplicable to 2008 through 2012 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning , through , see .
section 7992(b)(10) of this titleSection inapplicable to 2002 through 2007 crops of covered commodities, peanuts, and sugar and inapplicable to milk during period beginning , through , see .
section 7301(b)(1)(J) of this titleSection inapplicable to 1996 through 2002 crops of loan commodities, peanuts, and sugar and inapplicable to milk during period beginning , and ending , see .