Page:United States Statutes at Large Volume 114 Part 1.djvu/419

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


PUBLIC LAW 106-224-JUNE 20, 2000 114 STAT. 383 "(1) REIMBURSEMENTS.—Of the amounts made available from the insurance fund established under section 516(c), the Corporation may use to provide reimbursements under subsection (b) not more than $10,000,000 for each of fiscal years 2001 and 2002 and not more than $15,000,000 for fiscal year 2003 and each subsequent fiscal year. " (2) CONTRACTING. — "(A) AUTHORITY.—Of the amounts made available from the insurance fund established under section 516(c), the Corporation may use to carry out contracting and partnerships under subsections (c) and (d) not more than $20,000,000 for each of fiscal years 2001 through 2003 and not more than $25,000,000 for fiscal year 2004 and each subsequent fiscal year. "(B) UNDERSERVED STATES. —Of the amount made available under subparagraph (A) for a fiscal year, the Corporation shall use not more than $5,000,000 for the fiscal year to carry out contracting for research and development to carry out the purpose described in subsection (c)(1)(A). "(3) UNUSED FUNDING.—I f the Corporation determines that the amount available to provide either reimbursement pay- ments or contract payments under this section for a fiscal year is not needed for such purposes, the Corporation may use the excess amount to carry out another function authorized under this section. "(4) PROHIBITED RESEARCH AND DEVELOPMENT BY CORPORA- TION.— " (A) NEW POLICIES. —Notwithstanding subsection (d), on and after October 1, 2000, the Corporation shall not conduct research and development for any new policy for an agricultural commodity offered under this title. "(B) EXISTING POLiciES.Any policy developed by the Corporation under this title before that date may continue to be offered for sale to producers.". SEC. 132. PILOT PROGRAMS. (a) AUTHORITY.—The Federal Crop Insurance Act (7 U.S.C. 1501 et seq.), as amended by section 131, is amended by adding at the end the following: "SEC. 523. PILOT PROGRAMS. 7 USC 1523. "(a) GENERAL PROVISIONS.— "(1) AUTHORITY. —Except as otherwise provided in this section, the Corporation may conduct a pilot program submitted to and approved by the Board under section 508(h), or that is developed under subsection (b) or section 522, to evaluate whether a proposal or new risk management tool tested by the pilot program is suitable for the marketplace and addresses the needs of producers of agricultiu-al commodities. "(2) PRIVATE COVERAGE.— Under this section, the Corporation shall not conduct any pilot program that provides insurance protection against a risk if insureince protection against the risk is generally available from private companies. "(3) COVERED ACTIVITIES.—The pilot programs described in psiragraph (1) may include pilot programs providing insurance protection against losses involving—