12 2 STA T . 1 3 2 6PUBLIC LA W 11 0– 23 4—M A Y 22 , 200 8ands a leforth e c ro py ear follo wi n g the date of the notice u nder this section .‘ ‘ (B)RE E STIMA TES. —N ot later than the J anuary 1,A pril 1, and July 1 of the calendar year following the date of a notice under su b paragraph (A), the S ecretary shall reesti m ate the q uantity of eligible commodities deter - mined under subparagraph (A), and pro v ide notice and ma k e purchases and sales based on such reestimates. ‘‘( 3 ) CO MMO D IT YCR EDIT COR P ORATIO N IN V ENTORY.— ‘‘(A) D ISPOSITIONS.— ‘‘(i) BIOENER G Y AND GENERA L LY.— Ex cept as pro- vided in clause (ii), to the extent that an eligible com- modity is owned and held in inventory by the Com- modity Credit Corporation (accumulated pursuant to the program authori z ed under section 1 56 of the F ed- eral Agriculture I mprovement and Reform Act ( 7U .S.C. 7 2 72)), the Secretary shall— ‘‘(I) sell the eligible commodity to bioenergy producers under this section consistent with para- graph (1)(C)
‘‘(II) dispose of the eligible commodity in accordance with section 156(f)(2) of that Act; or ‘‘(III) otherwise dispose of the eligible com- modity through the buyback of certificates of quota entry. ‘‘(ii) P RESERVATION O F OT H ERA U THORITIES.— Nothing in this section limits the use of other authori- ties for the disposition of an eligible commodity held in the inventory of the Commodity Credit Corporation for nonfood use or otherwise in a manner that does not increase the net quantity of sugar available for human consumption in the United States market, con- sistent with section 156(f)(1) of the Federal Agriculture Improvement and Reform Act (7 U.S.C. 7272(f)(1)). ‘‘(B) EMERGENCY SHORTAGES.—Notwithstanding subparagraph (A), if there is an emergency shortage of sugar for human consumption in the United States market that is caused by a war, flood, hurricane, or other natural disaster, or other similar event, the Secretary may dispose of an eligible commodity that is owned and held in inven- tory by the Commodity Credit Corporation (accumulated pursuant to the program authorized under section 156 of the Federal Agriculture Improvement and Reform Act (7 U.S.C. 7272)) through disposition as authorized under section 156(f) of that Act or through the use of any other authority of the Commodity Credit Corporation. ‘‘( 4 ) T RANSFER RULE; STORAGE FEES.— ‘‘(A) G ENERAL TRANSFER RULE.—Except with regard to emergency dispositions under paragraph (3)(B) and as provided in subparagraph (C), the Secretary shall ensure that bioenergy producers that purchase eligible commod- ities pursuant to this section take possession of the eligible commodities within 3 0 calendar days of the date of such purchase from the Commodity Credit Corporation. ‘‘(B) PAYMENT OF STORAGE FEES PROHI B ITED.— ‘‘(i) IN GENERAL.—The Secretary shall, to the max- imum extent practicable, carry out this section in a Deadlin e . Deadline s .
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