
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: 7USC1379e]

 
                          TITLE 7--AGRICULTURE
 
             CHAPTER 35--AGRICULTURAL ADJUSTMENT ACT OF 1938
 
 SUBCHAPTER II--LOANS, PARITY PAYMENTS, CONSUMER SAFEGUARDS, MARKETING 
                   QUOTAS, AND MARKETING CERTIFICATES
 
                   Part D--Wheat Marketing Allocation
 
Sec. 1379e. Assistance in purchase and sale of marketing 
        certificates; regulations; administrative expenses; interest
        
    For the purpose of facilitating the purchase and sale of marketing 
certificates, the Commodity Credit Corporation is authorized to issue, 
buy, and sell marketing certificates in accordance with regulations 
prescribed by the Secretary. Such regulations may authorize the 
Corporation to issue and sell certificates in excess of the quantity of 
certificates which it purchases. Such regulations may authorize the 
Corporation in the sale of marketing certificates to charge, in addition 
to the face value thereof, an amount determined by the Secretary to be 
appropriate to cover estimated administrative costs in connection with 
the purchase and sale of the certificates and estimated interest 
incurred on funds of the Corporation invested in certificates purchased 
by it.

(Feb. 16, 1938, ch. 30, title III, Sec. 379e, as added Pub. L. 87-703, 
title III, Sec. 324(2), Sept. 27, 1962, 76 Stat. 628; amended Pub. L. 
89-321, title V, Sec. 516, Nov. 3, 1965, 79 Stat. 1206; Pub. L. 90-559, 
Sec. 1(6), Oct. 11, 1968, 82 Stat. 996; Pub. L. 91-524, title IV, 
Sec. 403(a)(3), Nov. 30, 1970, 84 Stat. 1366.)

                          Codification

    The sentence added by Pub. L. 89-321, as amended by Pub. L. 90-559, 
which directed the Commodity Credit Corporation to sell marketing 
certificates for the marketing years for the 1966 through 1970 wheat 
crops to persons processing food products at the face value thereof less 
any amount by which price support for wheat accompanied by domestic 
certificates exceeded $2 per bushel, was omitted as executed.


                               Amendments

    1970--Pub. L. 91-524, temporarily directed the Commodity Credit 
Corporation to sell marketing certificates for the marketing years for 
the 1971, 1972, and 1973 crops of wheat to persons engaged in the 
processing of food products but directed that, in determining the cost 
to processors of food products, the face value be 75 cents per bushel. 
See Effective and Termination Dates of 1970 Amendment note below.
    1968--Pub. L. 90-559 provided for a one year extension of period for 
sale of marketing certificates, substituting ``1966 through the 1970'' 
for ``1966 through the 1969'' wheat crops.
    1965--Pub. L. 89-321 required the Commodity Credit Corporation to 
sell marketing certificates for the marketing years for the 1966 through 
the 1969 wheat crops to persons engaged in the processing of food 
products at the face value thereof less any amount by which price 
support for wheat accompanied by domestic certificates exceeds $2 per 
bushel.


            Effective and Termination Dates of 1970 Amendment

    Section 403(a) of Pub. L. 91-524 provided that the amendment made by 
that section is effective only with respect to marketing years beginning 
July 1, 1971, July 1, 1972, and July 1, 1973.


                       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)(H) of this 
title.
    Section inapplicable to wheat processors or exporters during period 
June 1, 1991, through May 31, 1996, see section 302 of Pub. L. 101-624, 
set out as a note under section 1379d of this title.
    Section inapplicable to wheat processors or exporters during period 
June 1, 1986, through May 31, 1991, see section 309 of Pub. L. 99-198, 
set out as a note under section 1379d of this title.
    Section inapplicable to wheat processors or exporters during period 
June 1, 1982, through May 31, 1986, see section 302 of Pub. L. 97-98, 
set out as a note under section 1379d of this title.
    Section inapplicable to wheat processors or exporters during period 
July 1, 1973, through May 31, 1982, see section 403 of Pub. L. 95-113, 
set out as a note under section 1379d of this title.
    Section inapplicable to wheat processed or exported during period 
July 1, 1973, through June 30, 1978, see section 403(b) of Pub. L. 91-
524, as added by section 1(10) of Pub. L. 93-86, set out as a note under 
section 1379d of this title.
