Page:United States Statutes at Large Volume 108 Part 4.djvu/565

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

PUBLIC LAW 103-354--OCT. 13, 1994 108 STAT. 3199 insxirance fund established under subsection (c), the administrative and operating expenses of an approved insurance provider, including expenses covered by subsection (a)(1)(B). "(B) SALES COMMISSIONS FOR 1997 REINSURANCE YEAR.— In the case of the 1997 reinsurance year, the amount of the payments from the insurance fund established under subsection (c) for the expenses of the Corporation for the sales commissions of agents may not exceed 8.5 percent of the total amount of premiums paid for additional coverage for the 1997 reinsurance year. "(2) OTHER EXPENSES.— The Corporation is authorized to pay from the insurance fund established under subsection (c)— "(A) all other expenses of the Corporation (other than expenses covered by subsection (a)(1)), including all prenuum subsidies, noninsured assistance benefits, and indemnities; "(B) subject to paragraph (1)(B), in the case of each of the 1995 through 1997 reinsurance years, all administrative and expense reimbursements due under a reinsurance agreement with an approved insurance provider; and "(C) to the extent necessary, expenses incurred by the Corporation to cany out researcn and development. "(c) INSURANCE FUND. — "(1) IN GENERAL. —T here is established an insurance fund, for the deposit of premium income and amounts made available under subsection (a)(2), to be available without fiscal year limitation. "(2) COMMODITY CREDIT CORPORATION FUNDS.—I f at any time the amounts in the insurance fund are insuSicient to enable the Corporation to carry out subsection (b), to the extent the funds of the Commodity Credit Corporation are available— "(A) the Corporation may request the Secretary to use the flmds of the Commodity Credit Corporation to carry out subsection (b); and "(B) the Secretary may use the funds of the Conmiodity Credit Corporation to cany out subsection (b).". SEC. 111. NONINSURED CROP DISASTER ASSISTANCE. Section 519 (7 U.S.C. 1519) is amended to read as follows: "SEC. 519. NONINSURED CROP DISASTER ASSISTANCE PROGRAM. "(a) ESTABLISHMENT OF PROGRAM.— "(1) ESTABLISHMENT.— In the case of an eHgible crop described in paragraph (2), the Corporation shall estabhsh a noninsured crop disaster assistance program to provide coverage equivalent to the catastrophic risk protection otherwise available under section 508(b). "(2) ELIGIBLE CROPS.— "(A) IN GENERAL. — As used in this section, the term 'eligible crop' means each commercial crop or other agricultural commoditj'(except Uvestock)— "(i) for which catastrophic risk protection under section 508(b) is not available; and "(ii) that is produced for food or fiber. "(B) CROPS SPECIFICALLY INCLUDED.— The term 'eHgible crop' shall include floricultural, ornamental nursery, and Christmas tree crops, turfgrass sod, and industrial crops.