Page:United States Statutes at Large Volume 112 Part 4.djvu/75

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.

PUBLIC LAW 105-277—OCT. 21, 1998 112 STAT. 2681-46 (1) in subsection (f)(3), by inserting after "$30,000,000" the following: "(or, in the case of fiscal year 1999, $35,000,000)"; (2) in subsection (1)(1), by inserting after "$10,000,000" the following: "(or, in the case of fiscal year 1999, $12,000,000)"; (3) by redesignating subsection (n) as subsection (o); and (4) by inserting after subsection (m) the following: "(n) During fiscal year 1999, to the maximum extent practicable, the Secretary shall utilize Private Voluntary Organizations to carry out this section.", SEC. 1126. TEMPORARY EXPANSION OF RECOURSE LOAN AUTHORITY. 7 USC 1421 note. Section 137 of the Agricultural Market Transition Act (7 U.S.C. 7237) is amended— (1) in the section heading, by inserting "AND OTHER FIBERS" before the period at the end; (2) by redesignating subsection (c) as subsection (d); and (3) by inserting after subsection (b) the following: "(c) RECOURSE LOANS AVAILABLE FOR MOHAIR.— "(1) RECOURSE LOANS AVAILABLE.— Notwithstanding any other provision of law, during fiscal year 1999, the Secretary shall make available recourse loans, as determined by the Secretary, to producers of mohair produced during or before that fiscal year. "(2) LOAN RATE. —The loan rate for a loan under paragraph (1) shall be equal to $2.00 per pound. "(3) TERM OF LOAN.—A loan under paragraph (1) shall have a term of 1 year beginning on the first day of the first month after the month in which the loan is made. "(4) WAIVER OF INTEREST. —Notwithstanding subsection (d), the Secretary shall not charge interest on a loan made under paragraph (1).". SEC. 1127. PILOT PROGRAMS. 7 USC 1421 note. (a) DOMESTIC MARKET REPORTING PILOT PROGRAM.— Title IV of the Packers and Stockyards Act is amended to include the following new section: "SEC. 416. MANDATORY DOMESTIC REPORTING PILOT INVESTIGATION. 7 USC 229a. "(1) IN GENERAL. —The Secretary of Agriculture shall conduct a twelve month pilot investigation, beginning upon the date of implementation of such pilot, under which the Secretary shall require any person or class of persons engaged in the business of buying, selling, or marketing domestic or imported cattle for immediate slaughter and fresh muscle cuts of beef, or domestic or imported sheep and fi*esh or fi-ozen muscle cuts of lamb, to report to the Secretary, in the least intrusive manner possible, information relating to prices for the procurement of these items. "(2) APPLICATION. — This section shall only apply to a person that is engaged in the business of buying, selling, or marketing a significant share of the national market, as determined by the Secretary, of the total volume of domestic or imported cattle for immediate slaughter and fi'esh muscle cuts of beef, or domestic or imported sheep and firesh or fi*ozen muscle cuts of lamb, bought, sold, or marketed in the United States. "(3) REPORT. —Not later than six months after the conclusion of the mandatory domestic reporting pilot investigation, the SecretEu^r of Agriculture shall submit a report to the Committee on Agriculture of the House of Representatives and the Committee