
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC714c]

 
                      TITLE 15--COMMERCE AND TRADE
 
                      CHAPTER 15--ECONOMIC RECOVERY
 
               SUBCHAPTER II--COMMODITY CREDIT CORPORATION
 
Sec. 714c. Specific powers of Corporation

    In the fulfillment of its purposes and in carrying out its annual 
budget programs submitted to and approved by the Congress pursuant to 
chapter 91 of title 31, the Corporation is authorized to use its general 
powers only to--
    (a) Support the prices of agricultural commodities through loans, 
purchases, payments, and other operations.
    (b) Make available materials and facilities required in connection 
with the production and marketing of agricultural commodities.
    (c) Procure agricultural commodities for sale to other Government 
agencies, foreign governments, and domestic, foreign, or international 
relief or rehabilitation agencies, and to meet domestic requirements.
    (d) Remove and dispose of or aid in the removal or disposition of 
surplus agricultural commodities.
    (e) Increase the domestic consumption of agricultural commodities by 
expanding or aiding in the expansion of domestic markets or by 
developing or aiding in the development of new and additional markets, 
marketing facilities, and uses for such commodities.
    (f) Export or cause to be exported, or aid in the development of 
foreign markets for, agricultural commodities (including fish and fish 
products, without regard to whether such fish are harvested in 
aquacultural operations).
    (g) Carry out conservation or environmental programs authorized by 
law.
    (h) Carry out such other operations as the Congress may specifically 
authorize or provide for.
    In the Corporation's purchasing and selling operations with respect 
to agricultural commodities (except sales to other Government agencies), 
and in the warehousing, transporting, processing, or handling of 
agricultural commodities, the Corporation shall, to the maximum extent 
practicable consistent with the fulfillment of the Corporation's 
purposes and the effective and efficient conduct of its business, 
utilize the usual and customary channels, facilities, and arrangements 
of trade and commerce.

(June 29, 1948, ch. 704, Sec. 5, 62 Stat. 1072; Pub. L. 98-623, title 
IV, Sec. 405(a), Nov. 8, 1984, 98 Stat. 3409; Pub. L. 104-127, title 
III, Sec. 381(a), Apr. 4, 1996, 110 Stat. 1016.)

                          Codification

    ``Chapter 91 of title 31'' substituted in provision preceding 
subsec. (a) for ``the Government Corporation Control Act (31 U.S.C., 
1940 edition, Supp. V, 841)'' on authority of Pub. L. 97-258, Sec. 4(b), 
Sept. 13, 1982, 96 Stat. 1067, the first section of which enacted Title 
31, Money and Finance.


                               Amendments

    1996--Subsecs. (g), (h). Pub. L. 104-127 added subsec. (g) and 
redesignated former subsec. (g) as (h).
    1984--Subsec. (f). Pub. L. 98-623 inserted ``(including fish and 
fish products, without regard to whether such fish are harvested in 
aquacultural operations)''.


                    Effective Date of 1996 Amendment

    Section 381(b) of Pub. L. 104-127 provided that: ``The amendments 
made by subsection (a) [amending this section] shall become effective on 
January 1, 1997.''


                    Effective Date of 1984 Amendment

    Section 405(d) of Pub. L. 98-623 provided that: ``For purposes of 
section 135 of the Omnibus Budget Reconciliation Act of 1982 (7 U.S.C. 
612c note) [Pub. L. 97-253], the amendments made by this section 
[amending this section and sections 1707a and 1732 of Title 7, 
Agriculture] shall be considered to have taken effect before the date of 
the enactment of that Act [Sept. 8, 1982].''

                  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.


   Export Enhancement Program; Promotion of United States Meat Exports

    Pub. L. 101-220, Sec. 2, Dec. 12, 1989, 103 Stat. 1876, provided 
that:
    ``(a) Commissaries.--During each of fiscal years 1990, 1991, and 
1992, the Commodity Credit Corporation shall, in carrying out the export 
enhancement program established pursuant to section 5(f) of the 
Commodity Credit Corporation Charter Act (15 U.S.C. 714c(f)), promote 
the export of United States meat, including poultry products, to 
commissaries on military installations in the European Community.
    ``(b) Funding.--
        ``(1) In general.--Except as provided in paragraph (2), of the 
    amounts made available by the Commodity Credit Corporation to 
    exporters, processors, and foreign importers under the authority of 
    section 5(f) of the Commodity Credit Corporation Charter Act (15 
    U.S.C. 714c(f)) in commodities of the Commodity Credit Corporation 
    to enhance the export of United States commodities by making the 
    price of such commodities competitive in the world market, the 
    Commodity Credit Corporation shall make available to carry out 
    subsection (a) not less than $14,000,000 in funds or commodities for 
    fiscal year 1990, not less than $9,300,000 in funds or commodities 
    for fiscal year 1991, and not less than $4,600,000 in funds or 
    commodities for fiscal year 1992.
        ``(2) Transportation costs.--Funds or commodities shall be made 
    available under this section only to the extent that funds are made 
    available by the Department of Defense for the costs of transporting 
    the meat to the commissaries.
    ``(c) Reimbursement of Corporation.--Section 4 of the Act of July 
16, 1943 (57 Stat. 566, chapter 241; 15 U.S.C. 713a [15 U.S.C. 713a-9]) 
shall not apply to services performed, losses sustained, operating costs 
incurred, or commodities purchased or delivered by the Commodity Credit 
Corporation pursuant to this section.''


    Use of Commodity Credit Corporation for Purchase of Agricultural 
          Products Formerly Intended for Export to Soviet Union

    Pub. L. 96-494, title II, Sec. 7E7E7E206, Dec. 3, 1980, 94 Stat. 
2572, provided that: ``Notwithstanding any other provision of law, the 
Secretary of Agriculture may use, subject to such terms and conditions 
as the Secretary may deem appropriate, the funds, facilities, and 
authorities of the Commodity Credit Corporation in purchasing and 
handling agricultural products, other than grains, that--
        ``(1) were intended to be exported to the Union of Soviet 
    Socialist Republics under contracts entered into prior to January 5, 
    1980, but
        ``(2) cannot be exported under such contracts due to the 
    imposition, on January 4, 1980, of restrictions on the export of 
    agricultural products to the Union of Soviet Socialist Republics,
in the same manner and under the same conditions as the Secretary 
purchases and handles grains under similar contracts and subject to the 
imposition of the same restrictions.''

                  Section Referred to in Other Sections

    This section is referred to in sections 713a-14, 714k of this title; 
title 7 section 1738r; title 16 section 3811; title 21 section 889.
