
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: 7USC1348]

 
                          TITLE 7--AGRICULTURE
 
             CHAPTER 35--AGRICULTURAL ADJUSTMENT ACT OF 1938
 
 SUBCHAPTER II--LOANS, PARITY PAYMENTS, CONSUMER SAFEGUARDS, MARKETING 
                   QUOTAS, AND MARKETING CERTIFICATES
 
                        Part B--Marketing Quotas
 
                  subpart iv--marketing quotas--cotton
 
Sec. 1348. Payments in kind to equalize cost of cotton to 
        domestic and foreign users; rules and regulations; termination 
        date; persons eligible; amount; terms and conditions; raw cotton 
        in inventory
        
    In order to maintain and expand domestic consumption of upland 
cotton produced in the United States and to prevent discrimination 
against the domestic users of such cotton, notwithstanding any other 
provision of law, the Commodity Credit Corporation, under such rules and 
regulations as the Secretary may prescribe, is authorized and directed 
for the period beginning with April 11, 1964 and ending July 31, 1966, 
to make payments through the issuance of payment-in-kind certificates to 
persons other than producers in such amounts and subject to such terms 
and conditions as the Secretary determines will eliminate inequities due 
to differences in the cost of raw cotton between domestic and foreign 
users of such cotton, including such payments as may be necessary to 
make raw cotton in inventory on April 11, 1964 available for consumption 
at prices consistent with the purposes of this section: Provided, That 
for the period beginning August 1 of the marketing year for the first 
crop for which price support is made available under section 1444(b) of 
this title, and ending July 31, 1966, such payments shall be made in an 
amount which will make upland cotton produced in the United States 
available for domestic use at a price which is not in excess of the 
price at which such cotton is made available for export. The Secretary 
may extend the period for performance of obligations incurred in 
connection with payments made for the period ending July 31, 1966, or 
may make payments on raw cotton in inventory on July 31, 1966, at the 
rate in effect on such date. No payments shall be made hereunder with 
respect to 1966 crop cotton.

(Feb. 16, 1938, ch. 30, title III, Sec. 348, as added Pub. L. 88-297, 
title I, Sec. 101, Apr. 11, 1964, 78 Stat. 173; amended Pub. L. 89-321, 
title IV, Sec. 401(1), Nov. 3, 1965, 79 Stat. 1192.)


                            Prior Provisions

    A prior section 1348, acts Feb. 16, 1938, ch. 30, title III, 
Sec. 348, 52 Stat. 59; Aug. 29, 1949, ch. 518, Sec. 1, 63 Stat. 675; 
Aug. 28, 1954, ch. 1041, title III, Sec. 311(a), 68 Stat. 904, 
prohibited agricultural conservation program payments to any farmer who 
knowingly harvested any basic commodity in excess of his acreage 
allotment and was repealed by act May 23, 1955, ch. 45, 69 Stat. 65, 
effective with respect to 1955 and subsequent crops.


                               Amendments

    1965--Pub. L. 89-321 authorized Secretary to extend period for 
performance of obligations incurred in connection with payments made for 
period ending July 31, 1966, or to make payments in raw cotton in 
inventory on July 31, 1966.


                       Inapplicability of Section

    Section inapplicable to 1996 through 2002 crops of loan commodities, 
peanuts, and sugar and inapplicable to milk during period beginning Apr. 
4, 1996, and ending Dec. 31, 2002, see section 7301(a)(1)(A) of this 
title.

                  Section Referred to in Other Sections

    This section is referred to in sections 1344, 1385, 1444 of this 
title.
