
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: 7USC7236a]

 
                          TITLE 7--AGRICULTURE
 
               CHAPTER 100--AGRICULTURAL MARKET TRANSITION
 
    SUBCHAPTER III--NONRECOURSE MARKETING ASSISTANCE LOANS AND LOAN 
                           DEFICIENCY PAYMENTS
 
Sec. 7236a. Special competitive provisions for extra long staple 
        cotton
        

(a) Competitiveness program

    Notwithstanding any other provision of law, during the period 
beginning on October 1, 1999, and ending on July 31, 2003, the Secretary 
shall carry out a program to maintain and expand the domestic use of 
extra long staple cotton produced in the United States, to increase 
exports of extra long staple cotton produced in the United States, and 
to ensure that extra long staple cotton produced in the United States 
remains competitive in world markets.

(b) Payments under program; trigger

    Under the program, the Secretary shall make payments available under 
this section whenever--
        (1) for a consecutive 4-week period, the world market price for 
    the lowest priced competing growth of extra long staple cotton 
    (adjusted to United States quality and location and for other 
    factors affecting the competitiveness of such cotton), as determined 
    by the Secretary, is below the prevailing United States price for a 
    competing growth of extra long staple cotton; and
        (2) the lowest priced competing growth of extra long staple 
    cotton (adjusted to United States quality and location and for other 
    factors affecting the competitiveness of such cotton), as determined 
    by the Secretary, is less than 134 percent of the loan rate for 
    extra long staple cotton.

(c) Eligible recipients

    The Secretary shall make payments available under this section to 
domestic users of extra long staple cotton produced in the United States 
and exporters of extra long staple cotton produced in the United States 
who enter into an agreement with the Commodity Credit Corporation to 
participate in the program under this section.

(d) Payment amount

    Payments under this section shall be based on the amount of the 
difference in the prices referred to in subsection (b)(1) of this 
section during the fourth week of the consecutive 4-week period 
multiplied by the amount of documented purchases by domestic users and 
sales for export by exporters made in the week following such a 
consecutive 4-week period.

(e) Form of payment

    Payments under this section shall be made through the issuance of 
cash or marketing certificates, at the option of eligible recipients of 
the payments.

(Pub. L. 104-127, title I, Sec. 136A, as added Pub. L. 106-113, div. B, 
Sec. 1000(a)(5) [title I, Sec. 104(c)], Nov. 29, 1999, 113 Stat. 1536, 
1501A-291.)
