Page:United States Statutes at Large Volume 72 Part 1.djvu/1038

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[72 Stat. 996]
PUBLIC LAW 85-000—MMMM. DD, 1958
[72 Stat. 996]

996

PUBLIC LAW 85-835-AUG. 28, 1958

[72

ST A T.

farm has not been accounted greduced on such the allotment next established for as required by the ecretary; or (3) for the farm acquired

Repeals. 7 USC 1313, 1334, 1344, 1353, 1358.

7 USC 1425.

7 USC 1446.

by the Federal, State, or other agency would have been reduced because of false or improper identification of the commodity produced on or marketed from such farm or due to a false acreage report. "(c) This section shall not be applicable, in the case of cotton, tobacco, and peanuts, to any farm from which the owner was displaced prior to 1950, in the case of wheat and corn, to any farm from which the owner was displaced prior to 1954, and in the case of rice, to any farm from which the owner was displaced prior to 1955. I n any case where the cropland acquired for nonfarming purposes from an owner by an agency having the right of eminent domain represents less than 15 per centum of the total cropland on the farm, the allotment attributable to that portion of the farm so acquired shall be transferred to that portion of the farm not so acquired. " (d) Sections 313(h),334 (d),344 (h),353 (f), and 358 (h) of the Agricultural Adjustment Act of 1938, as amended, are repealed, but any transfer or reassignment of allotment heretofore made under the provisions of these sections shall remain in effect, and any displaced farm owner for whom an allotment has been established under such repealed sections shall not be eligible for additional allotment under subsection (a) of this section because of such displacement." SEC. 502. Section 405 of the Agricultural Act of 1949 is amended by adding at the end thereof the following: "There is authorized to be included in the terms and conditions of any such nonrecourse loan a provision whereby on and after the maturity of the loan or any extension thereof Commodity Credit Corporation shall have the right to acquire title to the unredeemed collateral without obligation to pay for any market value which such collateral may have in excess of the loan indebtedness." SEC. 503. Section 201(b) of the Agricultural Act of 1949, as amended, is amended by changing the semicolon at the end thereof to a colon and adding the following: 'Provided, That in any crop year in which the Secretary determines that the domestic production of tung oil will be less than the anticipated domestic demand for such oil, the price of tung nuts shall be supported at not less than 65 per centum of the parity price therefor;". EXTEND ATETERANS A N D ARMED SERVICES M I L K PROGRAM

SEC. 504. (a) The first sentence of section 202(a) of the Agricul68 Stat. 900. tural Act of 1949, as amended (7 U.S.C. 1446a), is amended by striking out "1958" and inserting in lieu thereof "1961". 68 Stat. 900. (b) Subsection (b) of section 202 of the Agricultural Act of 1949 (7 U.S.C. 1446a) is amended by striking out "1958" and inserting in lieu thereof "1961", by striking out "of the Army, Navy, or Air Force, and as a part of the ration" and inserting in lieu thereof "(1) of the Army, Navy, Air Force, or Coast Guard, (2)", and by inserting before the period at the end of the first sentence of such subsection the following: ", and (3) of cadets and midshipmen at, and other personnel assigned to, the United States Merchant Marine Academy". eotton donation. ' SEC. 505. Commodity Credit Corporation is authorized, on such terms as the Secretary of Agriculture may approve, to donate cotton acquired through its price support operations to educational institutions for use in the training of students in the processing and manufacture of cotton into textiles. Approved August 28, 1958.