Page:United States Statutes at Large Volume 104 Part 5.djvu/355

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PUBLIC LAW 101-624—NOV. 28, 1990 104 STAT. 3677 "(2) agricultural commodities acquired by the Secretary or the Commodity Credit Corporation in the normal course of business and available for disposition. "(c) BARTER BY EXPORTERS OF AGRICULTURAL COMMODITIES. — "(1) PURPOSE.—The Secretary or the Commodity Credit Corporation shall encourage exporters of agricultural commodities to barter such commodities for foreign products— "(A) to acquire such foreign products needed by such exporters; and

  • (B) to develop, maintain, or expand foreign markets for

United States agricultural exports. "(2) EuGiBLE ACTIVITIES. —The Secretary or the Commodity Credit Corporation may provide eligible commodities to exporters to assist such exporters in barter transactions. "(3) TECHNICAL ASSISTANCE. — The Secretary or the Commodity Credit Corporation shall provide technical advice and assistance relating to the barter of agricultural commodities to any United States exporter who requests such advice or assistance. "(d) TRANSFER OF FOREIGN PRODUCTS TO OTHER GOVERNMENT AGENCY OR PRIVATE PARTIES.— The Secretary or the (Dommodity Credit (Corporation may transfer any foreign products that the Secretary or such (Corporation obtains through barter activities to other government agencies if the Corporation receives assurances that it will receive full reimbursement from the agency within the same fiscal year in which such transfer occurs. " (e) CORPORATION AUTHORITY NOT LIMITED.—Nothing contained in this section shall limit the authority of the Commodity Credit (Corporation to acquire, hold, or dispose of such foreign materials as such (Corporation determines appropriate in carrying out the functions and protecting the assets of the Corporation. "(f) PROHIBITED ACTIVITIES. —The Secretary or the (Commodity Credit (Corporation shall take reasonable precautions to prevent the misuse of eligible commodities in a barter or exchange program, including activities that— "(1) displace or interfere with commercial sales of United States agricultural commodities that otherwise might be made; "(2) unduly disrupt world prices of agricultural commodities or the normal patterns of commercial trade with recipient countries; or "(3) permit the resale or transshipment of eligible commodities to countries other than the intended recipient country. "SEC. 205. COMBINATION OF PROGRAMS. 7 USC 5625. "The (Commodity Credit Corporation may carry out a program under which commercial export credit guarantees available under section 202 are combined with direct credits from the (Commodity Credit Corporation under section 201 to reduce the effective rate of interest on export sales of agricultural commodities. Subtitle B—Implementation "SEC. 211. FUNDING LEVELS. 7 USC 5641. "(a) DIRECT CREDIT PROGRAMS.—The (Commodity Credit Corporation may make available for each fiscal year such funds of the Commodity Credit (Corporation as it determines necessary to carry out any direct credit program established under section 201.