
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC713a-6]

 
                      TITLE 15--COMMERCE AND TRADE
 
                      CHAPTER 15--ECONOMIC RECOVERY
 
                         SUBCHAPTER I--GENERALLY
 
Sec. 713a-6. Sale of surplus agricultural commodities to foreign 
        governments
        
    Notwithstanding any other provision of law, the Commodity Credit 
Corporation, with the approval of the President, is authorized to sell 
surplus agricultural commodities, acquired by such Corporation through 
its loan operations, to foreign governments on the condition that, 
except for rotation to prevent deterioration, such commodities shall be 
held in reserve by such governments for a period of not less than five 
years from the date of acquisition, and shall not be disposed of unless 
a war or war emergency results in a serious interruption of normal 
supplies of such commodities: Provided, That under this section no 
concession below the prevailing world market price for the unrestricted 
use of such commodities, as determined by the Secretary of Agriculture, 
shall be granted, in consideration of the obligation assumed by such 
governments to hold such commodities in reserve as required 
hereinbefore, in excess of a maximum amount equal to the average 
carrying charges, as estimated by the Secretary of Agriculture, that 
would be incurred if such commodities should be held for an additional 
eighteen months' period by the Commodity Credit Corporation. In 
determining specific cotton to be sold under this section, the 
determination shall be made by sampling and selection at the place where 
the cotton is stored on the date of signing any sales agreement or 
contract under this section, and no cotton shall be sold under any such 
sales agreement or contract which, after such date, is transported to 
any other place and there sampled and selected: Provided further, That 
in case of a sale, settlement must be made within sixty days after 
delivery and not more than five hundred thousand bales of cotton shall 
be sold upon the terms and conditions provided in this section.

(Aug. 11, 1939, ch. 701, 53 Stat. 1418.)

                  Exceptions From Transfer of Functions

    For exception of functions of corporations of Department of 
Agriculture from transfer of functions to Secretary of Agriculture by 
Reorg. Plan No. 2 of 1953, see Exceptions From Transfer of Functions 
note set out under section 712a of this title.
