82 STAT. ]
PUBLIC LAW 90-476-AUG. 11, 1968
703
" (f) Notwithstanding any other provision of law, beginning with the 1968 crop of extra long staple cotton, the Secretary, if he determines that it will not impair the effective operation of the program involved, (1) may permit the owner and operator of any farm for which an extra long staple cotton acreage allotment is established to sell or lease all or any part or the right to all or any part of such allotment to any other owner or operator of a farm for transfer to such farm; (2) may permit the owner of a farm to transfer all or any part of such allotment to any other farm owned or controlled by him. No allotment shall be transferred under this subsection to a farm in another State or to a person for use in another State. The Secretary shall prescribe regulations for the administration of this subsection and may prescribe such terms and conditions as he deems necessary. "(s:) Notwithstanding any other provision of law, if the extra long ^ ^°" conserving ^^
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staple cotton acreage allotment established for any farm for the 1968 and subsequent crops is greater than such allotment for the preceding crop, because of transfers under subsection (f) of this section or for any other reason, the soil conserving base established for the farm shall be reduced by the same number of acres that the allotment is increased for that year." SEC. 7. Section "407 of the Agricultural Act of 1949, as amended, is amended by adding at the end thereof the following: "Notwithstanding any other provision of this section, effective August 1, 1968, the Commodity Credit Corporation shall make available during each marketing year for sale for unrestricted use at market prices at the time of sale, a quantity of American grown extra long staple cotton equal to the amount by which the production of such cotton in the calendar year in which such marketing year begins is less than the estimated requirements of American grown extra long staple cotton for domestic use and for export for such marketing year: Provided, That no sales shall be made at less than 115 per centum of the loan rate for extra long staple cotton under section 101(f) of this Act beginning with the marketing year for the first crop for which the national marketing quota for extra long staple cotton is not established under paragraph (3) of section 347(b) of the Agricultural Adjustment Act of 1938, as amended. The Secretary may make such estimates and adjustments therein at such times as he determines will best effectuate the provisions of the foregoing sentence and such quantities of cotton as are required to be sold under such sentence shall be offered for sale in an orderly manner and so as not to affect market prices unduly." SEC. 8. Section 3 of Public Law 88-638 (78 Stat, 1038) is hereby repealed effective August 1, 1968.
Approved August 11, 1968.
reduction*
extYir^sfri^" cotton °saie af ^ market prices. 7Vsc'i427.^
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Public Law 90-476 AN ACT To amend the Act of August 2^, 1959 (73 Stat. 420), pertaining to the affairs of the Ch(K'taw Tribe of Oklahoma.
Be it enacted by the Senate and House of Repre-^entatives of the United States of America In Congress assembled, That the Act of August 25, 1959 (73 Stat. 420), as amended, is further amended as follows: the words "nine years", which appear twice in section 1(a), once in section 1(d), once in section 11, once in section 12(a), and once in section 12(b), are changed to "eleven years". Approved August 11, 1968.
August 11, 1968 [H.R. I6086]
^ia^'"'*^'^ ^"' 'property disposition. 25 us^c tss note.
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