Source: http://law2.house.gov/view.xhtml?req=granuleid:USC-prelim-title7-section1736f-1)&num=0&edition=prelim
Timestamp: 2017-11-20 07:26:49
Document Index: 586957978

Matched Legal Cases: ['§ 1736', '§302', '§225', '§212', '§3202', '§3001', '§3202', '§225', '§1691', '§1721', '§302', '§1013', '§1143', '§1515', '§225', '§3202', '§3201', '§212', '§303', '§225', '§301', '§225', '§212']

[USC02] 7 USC 1736f-1: Establishment of commodity trust
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7 USC 1736f-1: Establishment of commodity trust Text contains those laws in effect on November 19, 2017
The trust established under this section shall consist of-
(D) funds made available-
Subject to subsection (h), commodities of equivalent value to eligible commodities in the trust established under this section may be acquired-
(i) through purchases-
Any funds used to acquire eligible commodities through purchases from producers or in the market to replenish the trust shall be derived-
(i) with respect to fiscal years 2000 through 2018 from funds made available to carry out the Food for Peace Act (7 U.S.C. 1691 et seq.) that are used to repay or reimburse the Commodity Credit Corporation for the release of eligible commodities under subsections (c)(1) and (f)(2), except that, of such funds, not more than $20,000,000 may be expended for this purpose in each of the fiscal years 2000 through 2018;
In this paragraph, the term "emergency" means an urgent situation-
(I) in which there is clear evidence that an event or series of events described in clause (ii) has occurred-
An event or series of events referred to in clause (i) includes 1 or more of-
(II) a human-made emergency resulting in-
Any funds or commodities held in the trust may be released to provide food, and cover any associated costs, under title II of the Food for Peace Act (7 U.S.C. 1721 et seq.)-
Eligible commodities in the trust established under this section shall not be-
(2) subject to any quantitative limitation on exports that may be imposed under section 4606 of title 50.
The reimbursement shall be made on the basis of the lesser of-
(Pub. L. 96–494, title III, §302, as added Pub. L. 104–127, title II, §225(a), Apr. 4, 1996, 110 Stat. 959 ; amended Pub. L. 105–385, title II, §212(a), (b)(3), Nov. 13, 1998, 112 Stat. 3465 , 3467; Pub. L. 107–171, title III, §3202, May 13, 2002, 116 Stat. 300 ; Pub. L. 110–246, title III, §§3001(b)(1)(A), (2)(E), 3201, June 18, 2008, 122 Stat. 1820 , 1834; Pub. L. 113–79, title III, §3202, Feb. 7, 2014, 128 Stat. 779 .)
The Food Security Wheat Reserve Act of 1980, referred to in subsec. (b)(1)(A), (B), is title III of the Agricultural Act of 1980, Pub. L. 96–494, Dec. 3, 1980, 94 Stat. 2578 , which enacted former section 1736f–1 of this title and provisions set out as notes under that section, prior to the general amendment of title III by Pub. L. 104–127, title II, §225(a), Apr. 4, 1996, 110 Stat. 959 .
The Food for Peace Act, referred to in subsecs. (b)(2)(B)(i), (c)(1)(B), (C), (e)(1), and (f)(2)(A), is act July 10, 1954, ch. 469, 68 Stat. 454 , which is classified generally to this chapter (§1691 et seq.). Title II of the Act is classified to subchapter III (§1721 et seq.) of this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 1691 of this title and Tables.
A prior section 1736f–1, Pub. L. 96–494, title III, §302, Dec. 3, 1980, 94 Stat. 2578 ; Pub. L. 99–198, title X, §1013, Dec. 23, 1985, 99 Stat. 1456 ; Pub. L. 101–624, title XI, §1143, title XV, §1515(c), Nov. 28, 1990, 104 Stat. 3515 , 3663, established food security wheat reserve, prior to general amendment of title III of Pub. L. 96–494 by Pub. L. 104–127, §225(a).
2014-Subsec. (b)(2)(B)(i). Pub. L. 113–79, §3202(1), substituted "2018" for "2012" in two places.
2008-Subsec. (a). Pub. L. 110–246, §3201(1), substituted "establish and maintain a trust" for "establish a trust stock" and "any combination of the commodities, or funds" for "or any combination of the commodities, totaling not more than 4,000,000 metric tons".
2002-Subsec. (b)(2)(B)(i). Pub. L. 107–171 substituted "2007" for "2002" in two places.
1998-Pub. L. 105–385, §212(b)(3)(A), substituted "trust" for "reserve" in section catchline.
Pub. L. 96–494, title III, §303, Dec. 3, 1980, 94 Stat. 2580 , provided that title III of Pub. L. 96–494 (enacting former section 1736f–1 of this title and provisions formerly set out as a note under that section) became effective on Dec. 3, 1980, prior to the general amendment of title III of Pub. L. 96–494 by Pub. L. 104–127, §225(a).
Pub. L. 96–494, title III, §301, as added by Pub. L. 104–127, title II, §225(a), Apr. 4, 1996, 110 Stat. 959 , and amended by Pub. L. 105–385, title II, §212(b)(2), Nov. 13, 1998, 112 Stat. 3466 , provided that: "This title [enacting this section] may be cited as the 'Bill Emerson Humanitarian Trust Act'."